Saturday, September 21, 2019

Roxbury heist target handles cash for African immigrants

The Roxbury money exchange business targeted in Tuesday’s gunpoint robbery of $420,000 in cash has outlets across the country and caters to African immigrants,...

Kenya: Dahabshiil Calls for More Aid for Starving Somalis

A leading money transfer firm has rallied corporates, individuals and governments to join hands and support thousands of Somalis hit by prolonged drought. While it...

For Western Union, Refugees and Immigrants Are the Ultimate Market

“One million Syrian customers,” CEO Hikmet Ersek says. “Do you think they will ever forget Western Union?” Early in the summer of 2014, executives at Western...
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Somaliland: Dahabshiil Donates towards Developmental Projects in Gabiley Region

Dahabshiil group of companies this week made cash donations towards several ongoing developmental projects in Gabiley region. Mr. Mahmoud Haji Osman Abdillahi and Mr. Farhan...

Money Transfer Agents Brace For Possible Fallout From Proposed US Remittance Tax

Money transfer agencies in Jamaica are bracing for a possible fallout if a proposed tax on remittances from the United States takes effect. Acting general...

UAE expats to pay more for sending money home

Remittance fee has been increased to "cope with rising cost" of doing business. A few leading money exchange houses in the UAE have increased remittance...

Dahabshiil CEO calls on Somalis to accelerate drought response, waives commission on remittances

Abdirashid Duale, CEO of Dahabshiil Group, announced that Dahabshiil Money Transfer (DMT) and all its affiliates and associate companies all over the world will...

Diaspora Remittances: Changing the Lives of Women in Abudwaaq, Somalia

Diaspora remittances are a lifeline for many in Somalia. In 2015 it was estimated that a total of USD 1.4 billion was sent back...

Mixed Views as Zimbabwe Diaspora Remittances Down 15%

Zimbabweans in and out of the diaspora have mixed views on why remittances sent to Zimbabwe from various nations, through formal channels like banks...

Money transfer firm Dahabshiil not deregistered, Says CBK

The Central Bank of Kenya has dismissed reports circulating in social media that money transfer firm Dahabshiil has been deregistered by the Kenya government. CBK...

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Did President Farmajo of Somalia Cancel Planned Visit to U.S.?

Somalia President, Mohamed Abdullahi Farmajo, has cancelled his planned trip to New York this week as the Horn of Africa nation faces political crisis...

The UAE Will Triumph Over Iran in the Next Middle Eastern War

As Iranian bluster again increases, it could very well be Abu Dhabi that teaches Tehran a permanent lesson. The eleventh annual Council on Foreign Relations’...

Somaliland: Frankincense Dates Back to Biblical Days

Franincense was as good as gold im ancient times Early civilizations used camels to transport frankincense along the global trade routes. It was one of...