Thursday 18 December 2014
 
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UAE Exchange

UAE Exchange owner gets $800m loan to buy Travelex

A loan of up to $800 million to help Abu Dhabi-based entrepreneur B R Shetty acquire a majority stake in foreign exchange operator Travelex has been completed, two sources aware of the matter said on Monday. The facility, arranged

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UAE Exchange introduces Fortune Fiesta contest

UAE Exchange, a leading UAE-based company dealing primarily in remittance, currency exchange and bill payment solutions, introduces Fortune Fiesta contest, giving customers a chance to win free air tickets to their home country. C

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UAE Exchange remittances top $25 billion

UAE Exchange, the leading global money transfer, foreign exchange and payment solutions brand, said it handled $25.4 billion in remittances in 2013 and has a share of 6.1 per cent of the global remittance volume. Celebrating the b

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UAE Exchange claims 6pc of global remittances

UAE Exchange, the single largest player in the remittance industry in the GCC, has over six per cent of share in the global remittance market, said a top official. “Remittances from this region is almost 50 per cent of remit

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UAE Exchange enables Task Spotting payments

UAE Exchange, a leading remittance and foreign exchange brand, has partnered with Task Spotting, an innovative mobile app technology platform, to offer the latter’s network of users the convenience of collecting their earnings.

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UAE tycoon wins $800m loan deal to buy Travelex

Goldman Sachs and Qatar National Bank (QNB) are arranging a $800 million loan to help Abu Dhabi-based entrepreneur B R Shetty acquire a majority stake in foreign exchange operator Travelex, he said on Tuesday. "The jumbo tran

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UAE Exchange named ‘Brand of the Year’

UAE Exchange, a leading global remittance and foreign exchange company, has been voted as ‘Brand of the Year’ by Superbands, owing to its supremacy in the market, longevity and customer loyalty. The company received th

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UAE Exchange remittances to Sri Lanka hit $290m

UAE Exchange, a leading remittance and foreign exchange brand, transferred $290 million, from across the globe, to Sri Lanka in 2013, contributing five per cent of the total remittance inflows to the country. In a statement, the c

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Etisalat, UAE Exchange to ease bills payments

Etisalat, UAE’s leading telecom operator, has partnered with UAE Exchange, a leading global remittance and foreign exchange brand, to offer seamless payment solutions significantly enhancing customer convenience across the country.

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UAE Exchange owner BR Shetty acquires Travelex

UAE businessman Dr B R Shetty, the owner of UAE Exchange, together with equity partners associated with Centurion Investments, have entered into an agreement to acquire Travelex Holdings Limited, a leading foreign exchange firm, from funds advis

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