New regulations, that were introduced in December 2018, have helped money exchange houses compete in the global transaction market and stay relevant.
That's the word from Rajiv Raipancholia, Treasurer of the Foreign Exchange and Remittance Group.
He told ARN News that the more stringent checks will mean better relationships between the houses and banks going forward.
Creative industries 'key to future growth', WGS-FTI report says
Cultural and creative industries should be treated as a core pillar of national economic strategy, according to a new report launched by FTI Consulting in partnership with the World Governments Summit.
TECOM Group posts strong 2025 results as revenues and profits rise
Dubai-based TECOM Group has reported a strong financial performance for 2025, driven by rising demand across its commercial, industrial and land portfolios.
Family businesses urged to rethink investment, philanthropy at Dubai summit
Family-owned businesses are being encouraged to take a more active role in shaping sustainable investment and social impact, as leaders met in Dubai to discuss how family wealth can be positioned for the future.
UAE-Vietnam CEPA enters into force
The Comprehensive Economic Partnership Agreement (CEPA) between the UAE and Vietnam has officially come into force, with an aim to "unlock investment opportunities in vital sectors such as renewable energy, technology and agriculture".
Indian rupee, stocks soar in relief rally after trade deal with US
India's financial markets rallied sharply on Tuesday after a trade deal that slashed US tariffs on Indian goods to 18 per cent from 50 per cent, a development that investors said lifts a key overhang over the country's stocks, bonds and currency.
The UAE has pledged $500 million in humanitarian assistance for Sudan, as international efforts continue to address the worsening crisis caused by the country’s ongoing civil war.
Dubai’s Roads and Transport Authority (RTA) has unveiled an autonomous electric transit system that officials say could transform urban travel and help ease congestion across the emirate.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, has announced a new Life and Biodiversity Laboratory, as part of efforts to promote conservation science and protect species from extinction.
