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UAE Exchange (Arabic: مركز الإمارات العربية المتحدة للصرافة; Markaz Al'Imarat Alearabiat Almutahidat Lilsarafa) is a United Arab Emirates-based company dealing primarily in remittance, foreign exchange and bill payment services. [1] [2] [3]
Remittances, defined as monetary transfers made by migrants to their home countries, play a crucial role in global economies and the livelihoods of individuals and families. In some countries, remittances account for more than 30% of the total economic output.
GCC Exchange received the Fastest-Growing Remittance Award in 2017 in the UAE at the 5th Annual International Finance Awards Ceremony. [13] [14] [15] It also received the Best Exchange House Award in Dubai at 2018. [16] GCC Exchange is also connected to all major banks of the world through Swift Accounting. [17]
Other factors contribute to currency exchange rates: these include forex transactions made by smaller banks, hedge funds, companies, forex brokers and traders. Companies are involved in forex transactions due to their need to pay for products and services supplied from other countries which use a different currency.
Al-Ansari or Ansari is an Arab community, found predominantly in the Arab and South Asian countries. They are descended from the Ansar of Madinah . The Ansaris are an Arabic speaking community, though the descendants of those who settled elsewhere outside of Arabia , speak the native language of the regions they settled in. [ 1 ] : 984
[2] al-Ansari also led Al-Mourabitoun in Mali in 2015. [1] He appeared in the 2017 video that announced the creation of Jama'at Nasr al-Islam wal Muslimin as a merger of five different jihadist groups led by Iyad Ag Ghaly. [2] al-Ansari was killed in the 2018 Inaghalawass skirmish. JNIM retaliated by launching the 2018 Ouagadougou attacks. [3] [4]