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AW Rostamani Group, also known as “AWR”, is a privately held company established in 1954 in Dubai, United Arab Emirates, [3] by Al Rostamani brothers, Abdullah and Abdul Wahid Al Rostamani. The company is headquartered in Dubai and employs over 3,800 workers.
Amina Al Rustamani is an Emirati businesswoman who's currently the director of family business AW Rostamani Group. [1] She ranked number 9 in the CEO Middle East's fifth annual list of the world's most powerful Arab women in 2015. [2] [3] She was picked as the Advertising Person of the Year by Dubai Lynx for 2015. [4]
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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] It remits money to India many banks like Karur Vysya Bank connected to GCC Exchange. [18] The company is tied up with Wynyard Group for anti-money-laundering systems in USE. [19]
In November 1984, three UAE businessmen purchased the company and formed Al Nisr Publishing. The new owners of the paper were Obaid Humaid Al Tayer, Abdullah Al Rostamani and Juma Al Majid. With the death of Abdullah Al Rostamani in 2006, his position on the board is held by a family nominee while the other directors remain.
On 18 March 2020, Finablr, of which UAE Exchange is a part, announced that the division had been placed under the supervision of the Central Bank of the UAE with immediate effect. The Central Bank of the UAE also stated that it had commenced an examination of the UAE Exchange in order to verify its compliance with applicable laws and regulations.
The Dubai Diamond Exchange (DDE) was established in 2004 to facilitate the development of the diamond and coloured gems market. [6] Dubai ranks third behind Antwerp and Mumbai in the leading global diamond hubs in terms of trade, growing from $300 million (Dh1.10 billion) in trade in 2002 to $26 billion in 2016. [ 7 ]
The Dubai Financial Market (DFM) (Arabic: سوق دبي المالي) is a stock exchange located in Dubai, United Arab Emirates. It was founded on 26 March 2000. It was founded on 26 March 2000. Overview