FERG commemorates 2023 achievements and announces strategic outlook for the upcoming year

FERG commemorates 2023 achievements and announces strategic outlook for the upcoming year

Dubai: The Foreign Exchange and Remittance Group (FERG) successfully held its Annual General Meeting for 2023, reflecting on a successful year and discussing future goals to strengthen the UAE’s position as a leader in the exchange and remittance business.

Attendees were given a warm welcome by Mr. Mohamed Al Ansari, who expressed gratitude for FERG’s support in realizing the organization's vision for a transparent and resilient exchange and remittance sector in the UAE. Led by FERG board members, the event featured presentations, discussions and an informative Q&A session with the FERG community.

Mr. Mohamed Al Ansari, Chairman, FERG said “Our vision is to strengthen the UAE’s position as a leader in the exchange and remittance business with the support and guidance of the Central Bank and Government of the UAE. We aim to enhance our operations and contribute meaningfully to the nation's economic strength, fostering a resilient and progressive financial landscape that resonates globally."

Mr. Rajiv Raipancholia, the Secretary of FERG, highlighted the group's activities and achievements throughout the year which include AML trainings, committee meetings and widespread industry event participation across the UAE.

Mr. Adeeb Ahmed, Vice Chairman of FERG, stated, "As a proactive platform within the financial industry,