Eager and curious to know if you have won? We too are!
UAE Exchange takes immense pleasure in announcing the winners.┬á
Are you an entrepreneur with a brilliant idea, but not enough money to turn your idea into a profitable finished product or service?
While banks may have teams dedicated to financing Small and Medium Enterprises (SMEs), that option may not be suitable for entrepreneurs just starting a business. To mitigate their own risk, banks will ask for guarantee or collaterals. These are difficult for entrepreneurs to furnish early in the business cycle.
So what can you do?┬á
You can try other practical alternatives to bank finance. One such great option is crowdfunding. Having emerged as a saviour for start-ups with promising ideas, crowdfunding attract small denomination capital from many people. All you have to do is, use technology to pitch your ideas to a large audience. The crowdfunding revolution was sparked by the very successful Kickstarter.com, which by November 2016 had funded over 115,745 successful projects and raised over USD 2.7 billion in pledged money.
Crowdfunding comes in three basic flavours ÔÇô donation or reward-based, debt-based, and equity-based. Reward-based crowdfunding, as popularised by Kickstarter.com, sees investors give money to promising ideas based on the premise that the project creator will reward them with finished goods and services. For debt-based crowdfunding, the creator or entrepreneur promises to pay back the money borrowed. Meanwhile, equity-based crowdfunding sees the entrepreneur give away a stake in the business to each contributor.
UAE based start-up Beehive enables debt-based peer-to-peer lending. The idea is that investors lend money to promising businesses, and get returns on the capital they have invested. Start-ups benefit from lower capital-raising costs, while investors enjoy higher than average rates of return.
On the other hand, UAE based start-up Eureeca uses technology to enable its investor network to buy shares in promising businesses. These investors range from friends, family and casual investors to angel investors, venture capital funds and institutional investors.
Crowdfunding isnÔÇÖt the only venue available to entrepreneurs. But it certainly is helping plug a large financing gap. The International Finance Corporation (IFC) estimates a USD 2.7 trillion gap in funding for Micro, Small and Medium Enterprises (MSMEs) in developing countries alone, with the MENA region alone needing an additional USD 320 billion in credit for MSMEs.
So if youÔÇÖre in the early stages of bringing your start-up to life, try crowdfunding. ItÔÇÖs a powerful addition to your capital-raising toolbox.
UAE Exchange was honoured with the Emiratisation Award by UAE Minister of Economy at Jumeirah Creekside Hotel in Dubai on 08 September, 2016. The award was presented to us in recognition of inclusion of Emirati workforce in organisation.
UAE Exchange UAE opened Parco Mafraq branch in the UAE to provide excellent service to customers.
UAE Exchange celebrated Pakistan Independence day at Pakistan Association Dubai (PAD) on 14 August 2016. With more than 4000 visitors we had a gala time participating in various games and exciting other activities.
We also rewarded our customers with specially designed gold coins as part of the Pakistan Independence Day Contest ÔÇÿJashan Azadi KaÔÇÖ from 2 to 14 August 2016.
UAE Exchange reached out exclusively to revive the relationship with our Bangladeshi HNI customers. SMSÔÇÖs were sent to HNI customers in order to ensure they receive UAE ExchangeÔÇÖs personalised services and special care.
UAE Exchange went the extra mile in 35 Filipino-centric branches educating and encouraging Filipinos to save money.
The occasion of Moroccan Throne Day was celebrated at UAE Exchange with various activities and contests lined up for the Moroccan community. The participants won chances to have delicious dinner in 5 star Moroccan restaurants.
UAE Exchange participated in the ÔÇ£Thai Street Food Festival 2016ÔÇØ at YAS Mall, Abu Dhabi. With more than 5,000 participants, it was a great platform for us to interact with the Thai community.
UAE Exchange entered into a prestigious tie-up with Emirates Nursing Association (ENA) under the Ministry of Social Affairs. According to this new association, ENA will support UAE Exchange in organising health screening campaigns and health seminars in labour camps and corporate offices. In return ENA members will be provided with privileged services at the counters of UAE Exchange.
UAE Exchange UAE dedicated the month of abstinence, Ramadan to participate in various community activities. UAE Operations organised Iftar get-togethers, health screening activities, cloth campaigns, volunteer activities for the physically challenged and no tobacco campaigns across UAE. The brand also celebrated its loyal customers in the month of June, by conducting several contests and promotions.
Dubai, 3 August 2016: Now, flying from the United Arab Emirates to the Philippines is not only more affordable than ever but also, more convenient. The Philippines largest airline, Cebu Pacific Air (PSE: CEB) recently announced that it has entered into a partnership with UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand.
Travellers from the UAE can now book a seat through the CEB website, and upon reaching the payment page, they may choose to pay via UAE Exchange. After taking note of a 14-digit number and the total amount, they can then head to the nearest UAE Exchange branch on the same day and pay with cash. A confirmed CEB itinerary will be sent via email the next day.
(L-R) Varghese Mathew (Country Head-UAE, UAE Exchange) with Blessie L. Cruz (Director for Advertising & Promotions, Cebu Pacific Air).
(L-R) Genesis Lontoc (Marketing Head - South-East Asia, Cebu Pacific Air), Kaushal Doshi (Regional Marketing Head-Middle East, UAE Exchange), Semuna Shrestha (Marketing Manager, Cebu Pacific GSA Dubai), Easwar LA (Sales Manager, Cebu Pacific GSA Dubai), Mathai Vaidian (Country Head, Qatar-UAE Exchange), Varghese Mathew (Country Head-UAE, UAE Exchange), Blessie L. Cruz (Director for Advertising & Promotions, Cebu Pacific Air), Joel Aquino (Sales Manager, Cebu Pacific Air), Ingrid D. Salud (International Market Specialist, Cebu Pacific Air) and Sreenath Menon (Relationship Manager- Partnerships, UAE Exchange).
The alliance provides a swift, hassle-free payment option for tourists, business professionals and Filipino expatriates traveling to the Philippines. The CEB-UAE Exchange tie-up makes the convenience of online booking available to travellers without a credit card.
Atty. JR Mantaring, CEB Vice President for Corporate Affairs, said: ÔÇ£With our frequent online seat sales and multiple branches of UAE Exchange across the United Arab Emirates, this partnership can only make CEBÔÇÖs trademark low fares more accessible for everyone.ÔÇØ
Varghese Mathew, Country Head, UAE Exchange-UAE said: ÔÇ£This alliance will prove to be another milestone for us and mark our foray into the travel sector. With the loyal following of Cebu Pacific across the globe, we are confident that this alliance will appeal to international business and leisure visitors, the expatriate community, as well as businessmen and professionals residing in the UAE.ÔÇØ
CEB is the only low-cost carrier that flies directly from Dubai, where a large number of Filipino expatriates reside, to Manila. Passengers who travel to Manila on CEB will also benefit from the airlineÔÇÖs comprehensive domestic network, which makes the carrier the most convenient option when flying into the Philippines or catching connecting flights.
Passengers can also add other CEB products such as seat selection, travel insurance, meals, and baggage allowance to their bookings, through the Manage Booking section in the website, and pay using the UAE Exchange payment centre option.
For bookings and inquiries, travellers can visit www.cebupacificair.com. Passengers may also call Al Rais Travel at +971-4-3545777 for Dubai or Abu Dhabi Travel Bureau at + 971-2-610-5211 for Abu Dhabi & Al Ain.
The latest news and seat sale offers can also be found on CEBÔÇÖs official Twitter (@cebupacificair) and Facebook (Cebu Pacific Air) pages, as well as UAE ExchangeÔÇÖs Facebook (UAE Exchange) and Twitter (@uaeexchange) pages.
Emitting a sublime aura, the gorgeous tiger mesmerises us while strolling around with its bold golden coat, black stripes, amber eyes and strong physique. These glorious creatures are sadly on the verge of extinction now.
On this International Tiger Day, letÔÇÖs take these three practical steps to help save the magnificent tigers.
- Be a responsible tourist. Experience wildlife without polluting or disturbing the ecosystem.
- DonÔÇÖt buy products made from poached tiger parts. Report poaching activities to the concerned authorities. This will help prevent wildlife trade.
- Lend voice to the tigers. Reach out to the public and policy makers about the benefits and importance of habitat conservation for tigers.
What steps have you taken to rescue this big cat?
The last couple of months have been quite eventful for UAE Exchange in UAE. The brand conducted several promotions and contests for its customers during the last quarter.
- Loyal customers who had sent money home to India, Bangladesh and Pakistan, won free talk time during April-May 2016.8 customers won free return tickets sponsored by Biman Bangladesh Airlines on the occasion of Bangladeshi New Year, during May 2016.20 customers won free air tickets to Pakistan during the month of May. This contest was applicable for 21 select UAE Exchange branches in the Northern Emirates.
Winners with free air tickets to Pakistan
- Lucky customers won cash prizes upto USD 222,222 during our summer promotion contest.
Winners receiving cash prize during our Summer promotions
- 5 lucky customers won exciting gifts for their service feedback via Facebook during May month. This gesture was to encourage customers to share their feedback that will result in enhanced customer service and experience.
Customer receiving gifts for their service feedback
- Great news is that more branches of UAE Exchange is coming to your neighbourhood! We’ve opened 4 new branches at Al Quoz Mall, Jebel Ali Parco 2, Old RAK and DAFZA, UAE.
Opening of new branches