The company plans to rebrand UAE Exchange and affiliated regulated entities in the USA and the Middle East and offer an enhanced range of services
UAE Exchange
Latest in UAE Exchange
currency exchange
New Finablr owners in merger talks with Bahraini payments firm
UAE-Israeli consortium that acquired UAE Exchange is in merger talks with Bahrain’s BFC Group Holdings
BR Shetty
Finablr cuts IPO value amid weak investor demand, volatile markets
The new Finablr price implies a market value of $1.6bn versus an initial indicated value of as much as $2.3bn
Bavaguthu Raghuram Shetty
Finablr is said to struggle to find enough buyers for London IPO
Finablr’s sale opened for investors on May 1 and had sought to value the company at as much as $2.4bn and raise as much as $677m
BR Shetty
Finablr’s $200m IPO to be completed by mid-May
Finablr CEO Promoth Manghat said he expects the listing will allow the firm to scale up and explore new opportunities in the Middle East, Asia and Africa
BR Shetty
UAE payment firm Finablr to launch London IPO
Holding firm Finablr is behind brands UAE Exchange, Travelex Holdings and Xpress Money
BR Shetty
BR Shetty’s Finablr said to hire firms for London IPO in 2019
Finablr, the holding company for businesses including UAE Exchange, Travelex Holdings and Xpress Money, has reportedly hired JP Morgan and Barclays
Ali Akawi
BR Shetty is the force behind our success, say Prasanth and Promoth Manghat
CEOs of UAE Exchange Group and NMC Hospital pay tribute to billionaire at Arabian Business Achievement Awards gala held last night in Dubai
British pound
Indian rupee to hit 90 to GBP mark, says UAE Exchange CEO
UAE Exchange CEO Promoth Manghat said he believes the 90 rupee to 1 pound mark will be hit either this quarter or this year
exchange houses
Investors have more to gain from Indian rupee fall, says UAE Exchange CEO
The Indian rupee now stands at 18.63 against the UAE dirham, the lowest since November 2016
BR Shetty
Billionaire Shetty said to hire Evercore on Finablr IPO
Timing of an IPO is yet to be determined, according to Finablr executive director Promoth Manghat
BR Shetty
BR Shetty’s Finablr readies for possible London IPO
Financial brands now sit under new holding group Finablr
BR Shetty
BR Shetty consolidates financial brands with new holding company
Finablr will also rebrand non-UAE operations of UAE Exchange as “Unimoni”, short for “Universal Money”.
Ambareen Musa
Souqalmal.com launches cash payment option through UAE Exchange
The option is available at any UAE Exchange branch in the UAE
Bitcoin
No plans to invest in Bitcoin or any other cryptocurrency: UAE Exchange CEO
Company’s investment in Ripple comes at the exclusion of its cryptocurrency proposition, said Promoth Manghat
Blockchain
Dubai-based currency exchange signs up with Ripple
UAE Exchange uses Instant Cross-Border Payments
GoCompare Group
UAE Exchange among investors in personal finance start-up
Souqalmal.com’s services to be installed in ‘shops’ in UAE Exchange outlets