Forbes reveals the Middle East's best exchange houses

LuLu Exchange and Al Ansari lead the list


Abu Dhabi:  Forbes Middle East’s list of the top exchange houses in the region has been revealed, with Al Ansari and LuLu Exchange bagging top honors. The methodology used for the listing included average monthly remittances, number of branches, services offered, geographical expansion, and recent innovations, among others.

The companies on the list represent six countries across the Middle East and some of them have expanded and opened offices or branches in foreign countries. The listed exchanges houses offer convenience to a large portion of the labor force, many of whom do not have bank accounts in either the Middle East or their home countries.

Other prominent exchange houses in the list include Bahrain Financing Company, Al Fardan Exchange, and Al Mulla International Exchange.

Home to over 300 exchange houses, the Middle East is a hub of the migrant economy, with the top five economies alone contributing to over $100 billion of remittance outflows last year. Exchange houses have traditionally played a huge role in supporting the need of expats to send money home, by offering a better exchange rate than banks, and through qualitative services made possible by the presence of kiosks and branches in malls and tourist destinations.

Apart from traditional services, some of the exchange houses on the list also offer value-added services such as payroll services, travel cards, and other financial products.



Send us your press releases to

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases