Cookie Consent by Privacy Policies Generator website Al Ansari Exchange sees surge in non-resident transactions in first 10 days of Expo 2020 : GoDubai.com

GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

    Share

October 13, 2021-  Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, reported a surge in its foreign currency exchange transactions made by non-residents during the first 10 days of October 2021, coinciding with the start of Dubai Expo 2020.  According to the company's report, the number of visitors, or non-residents of the UAE, who purchased foreign currencies during the first 10 days of this month went up by 69% compared to the same period in September 2021.  

Furthermore, these types of transactions soared higher than the pre-pandemic days. Al Ansari Exchange revealed a significant increase of 9% in the number of foreign currency purchase transactions by non-residents during the first 10 days of October 2021 in comparison to the same period in October 2019.

Rashed A. Al Ansari, CEO of Al Ansari Exchange, stated: “The available data demonstrates that the currency exchange sector in the UAE has already begun to experience the positive impact of Dubai Expo 2020, enabling the industry to better position itself for a stronger comeback from the pandemic. Apart from the Expo, other factors such as the resumption of flights especially from India and the Kingdom of Saudi Arabia, return of in-person conferences and events, and growing economic activities in the country also played a major role in the growth of money exchange transactions. The figures we released only cover the first 10 days of this month. We project exponential growth in the coming months leading up to holiday season and the conclusion of the premier world exposition in Dubai in 2022.”

“The strong performance also falls in line with the latest statement by H.H. Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE confirming that the country has overcome the pandemic and is now returning to normalcy,” he added.   

Al Ansari Exchange accounts for over 36% of the local market share, the company conducts at least 120,000 transactions per day and caters to the needs of more than 3 million customers monthly.



Posted by : GoDubai Editorial Team
Viewed 24715 times
Posted on : Wednesday, October 13, 2021  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : International Protein (UAE), Anda Burada (Turkey) & Shadana Yoga and SunBox from Palestine peer-sele...
Next Story : LG Releases Preliminary Earnings For Third-Quarter 2021
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Pandora and World-Renowned Author, Nadia Owusu, Release a Collection of Festive ...
ASTRONEF is a New mechanical Masterpiece Presented by Ateliers Louis Moinet
Big Crown Pointer Date Calibre 403
Symbolism and Style Defines Tanishq's Exclusive Year of the Fiftieth Collection
Curate your Stress-Free Skincare Regime for Less with Herbal Essentials
Channelling Power of the Mind and Body is the Key to Success, say Mindvalley Exp...
The Flormar Beauty Products we are Crushing on this Festive Season
BMW Announce the X7 UAE 50th Year Edition to Mark the UAE's Golden Jubilee
essence cosmetics' (National Day) edit
Hail in the Festivities with India Gate
Catrice Cosmetics - Create your own look inspired by National Day!!!
LG Electronics Announces New CEO and Other Changes to Aggressively Tackle 2022 a...
Rome Region brings the Great Italian Cuisine to Expo Dubai
The Sky Is the Limit for the World Food Programme's Humanitarian Efforts
GEMS Education Schools Celebrate the UAE's Golden Jubilee as they look ahead to ...
Orthocure SportsMed Clinic- Opens its grand doors at The Mall in Jumeirah
DLD: 5,352 Sales Transactions worth AED 13.12 Billion in October 2021
Get a National Day Super Slam at Denny's for Only AED 50
Swiss Arabian Launches New Unisex Fragrance Line to Honor the Region's Heritage ...
UAE's Inspiring Growth Story and Sharjah's Cultural Vision Hailed on Concluding ...
The Executive Committee of Ajman University's Board of Trustees Highlights the U...
House of Wisdom Showcases Immersive Learning Spaces for Creative makers at Shar...
Emirates Red Crescent and Abu Dhabi University Launch a Humanitarian Funding Cam...
Young Founders Hail Sharjah's Supportive Ecosystem at Sharjah Entrepreneurship F...
‘ICT Fund SEF Hackathon' Takes UAE Youth through an Exciting Entrepreneurial Ide...
In limelight of a new Guinness World Record PACE Education Group
Team Abu Dhabi Target Three World Titles in Dramatic Climax to Season
Lulu Group, Apparel, Centrepoint, ENOC, Splash, Jashanmal, Majid Al Futtaim, Moh...
PMI MENA calls for greater investment in technology to safeguard the region's future
Adek Celebrates the First Blue Tier School within Blue Schools Initiative and Re...
Al Maya Group Congratulate UAE Leaders for 50 Years Celebrations
Homegrown Founders Credit Success to Supportive Local Ecosystem at Sharjah Entr...
EWEC To Conduct Second Clean Energy Certificates Auction in December
GMIS PRL 7 Titled: Mohammed Bin Rashid Initiative for Global Prosperity Announce...
Malabar Gold & Diamonds Launches its first Artistry Concept Store in Somajiguda,...
'Being a Great CEO is most about Empathetic Leadership' say Business Heads at Sh...
DP World Bags Two Awards for its Remarkable Contribution to the Industry at the ...
UAE Nursery Wins Two Coveted Titles in its First Academic Term
Al Khoory Sky Garden Hotel Opens at the Heart of historic Dubai
LG Launches New Ultragear Gaming Monitor in the Gulf Region
Joyalukkas Announces Biggest Sale of Year for 5 Days!
Hotpack to Implement Xtendsales Mobile Salesforce Automation in Saudi Arabia
aswaaq Retail Celebrates UAE's 50th National Day with a Dedicated Store Fully Op...
Puppets in the Classroom, making Grammar Engaging, and Maintaining Teacher Wellb...
#NoFilterDXB Revs Up as Hollywood's Hottest Wheels Dazzle the Harbour!
Asha's at Wafi Celebrates 50 years of UAE in an authentic way!
Two-Time Champion Andy Murray Completes Star Line-up for Return of Mubadala Worl...
‘50 Years Down, Entrepreneurship will Serve as the Infrastructure of UAE's Post-...
Cisco and Expo 2020 Dubai Call on UAE's University Students to Shape the Future ...
Union Coop Announces 50 Jobs for Emiratis to Mark UAE's Golden Jubilee Celebration