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Barclays, Fidera Seek Payout From Bankrupt UAE Remittances Firm

Bloomberg •
Gulf · Channel artwork

In simple terms

Barclays Plc and London-based hedge fund Fidera Ltd are among dozens of creditors seeking to recover money they say they’re owed by Dubai’s United Arab Emirates Exchange Center LLC — a collapsed remittance provider with an estimated $1 billion hole in its balance sheet.

Earlier coverage

Earlier coverage on GreyNews

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  3. UAE fuel prices for November: Will petrol stay above Dh4 per litre? - Gulf NewsOct 22, 2026 · Gulf News
  4. UAE's new AI platform to slash VAT refund time for tourists to one dayOct 21, 2026 · The National
  5. What’s the real technology behind the UAE’s world-class public services?Oct 21, 2026 · The National

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