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.
Emirates Groups announces AED4.1 billion pre-tax profit in H1 2026
The Emirates Group has posted a profit before tax of AED 4.1 billion ($1.1 billion) for the first six months of 2026-27, despite disruptions and high fuel prices due to the regional conflict.
Disney's Pixar names Jonathan Garson president as Jim Morris steps back
Pixar Animation Studios announced on Wednesday that veteran Jonathan Garson will become president on January 4, replacing Jim Morris, who will step back from day-to-day leadership ahead of his eventual retirement.
DIP Holding places final IPO price
The final offer price for DIP Holding’s initial public offering (IPO) has been set at AED 1.12 per share following stronger investor demand.
Gulfood Manufacturing brings global industry leaders to Dubai
Food security, domestic production and supply chain resilience are taking centre stage in Dubai as Gulfood Manufacturing 2026 brings together manufacturers, technology providers and industry leaders from around the world.
ADNOC Gas signs five-year LNG supply agreement with TotalEnergies
ADNOC Gas and its subsidiaries on Tuesday announced a five-year liquefied natural gas (LNG) supply agreement with TotalEnergies for up to 1.6 million tonnes of LNG.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has attended a ceremony honouring government entities, leaders and professionals for their distinguished performance.
The UAE is marking the third anniversary of Operation Chivalrous Knight 3, launched on November 5, 2023, under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan to provide humanitarian assistance to Palestinians in the Gaza Strip.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has met with Palau President Surangel Whipps Jr, who is on a working visit to the UAE.
