UAE Exchange

UAE Exchange (Arabic: مركز الإمارات العربية المتحدة للصرافة‎) is a United Arab Emirates based company dealing primarily in remittances, Foreign exchange and bill payment solutions. The company is headquartered in Abu Dhabi, UAE, and operates through 800 offices across 31 countries.

UAE Exchange has more than 9,000 employees in over 40 countries. It is one of the largest remittance companies and has extensive network in the middle east and Asia.

History

UAE Exchange was founded in 1980 in Abu Dhabi by business man B R Shetty and former United Arab Emirates Minister of Justice HE Abdulla Humaid Ali Al-Mazroei. It had expanded to over 800 offices worldwide by 2014.

In 1993 UAE Exchange became a SWIFT member and the following two years opened operations in Oman and Kuwait as well as launching an express transfer, gold card and bank notes service. In 1999 it launched retail operations in India, which was to become the largest operation outside its home base, with 330 branches by 2015. It opened offices in Bangladesh, the UK and Sri Lanka in the following three years. In 2001 it launched Xpress Money, an instant money transfer service in the UK. By 2003, it added Australia to its network.

UAE Exchange (Dubai Metro)

UAE Exchange (Arabic: مركز الإمارات العربية المتحدة للصرافة‎; previously called Jebel Ali) is a rapid transit station on the Red Line of the Dubai Metro in Dubai, United Arab Emirates.

History

The station was inaugurated in March 2011 and was expected to handle over 4,000 passengers daily. It is the last stop on the Red Line, and has a total handling capacity of 11,000 passengers per direction. It is the only metro station that is built on the ground, and is not elevated or underground.

The station was previously called Jebel Ali, before it was renamed in June 2015 to UAE Exchange following an agreement between Dubai's Roads and Transport Authority (RTA) and UAE Exchange. The naming agreement was inked as part of RTA's rebranding strategy.

Location

The station is located in Jebel Ali, and mainly serves employees working and living in the industrial zone of Jebel Ali Free Zone Authority (JAFZA).

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