If your power, water and mobile phone bills have of late been drilling a hole in your wallet, then realise that you can still take control by reducing your usage wisely. Often, it takes only simple steps to make a significant difference to your utility bills. Even if you are happy with your bills at the moment, integrating these cost-saving measures into your life helps you identify areas where you have been wasting money.

Simple Steps to Slash your Electricity Bills:

• Follow the classic guideline of switching off appliances and fixtures when not needed. Check for any running appliance or fixture before going to sleep at night.
• Replace filters in appliances such as air conditioners and heating or cooling systems, as and when needed. The cost that you are reluctant to spend on a new filter gets added to your electricity bill. With an inefficient filter, the appliance not only consumes more electricity to complete its task, but also gets degraded gradually.
• Reduce usage of appliances that generate heat, during summer. Using household appliances such as ovens, heaters, dishwashers and dryers, in the mornings when the sun is blazing, forces your air conditioner to work more to generate a cooling effect.
• Go for energy-saving models when shopping for appliances as they generate lower levels of heat comparatively. Choose models that have a higher efficiency rating.
• Use your refrigerator wisely as it consumes more electricity than other kitchen appliances. Avoid opening refrigerator doors often as it lets cold air out and pushes the appliance to work harder to cool the interiors again and again. Refrigerate hot foods only after they have cooled down, to prevent high power consumption by refrigerator motors to cool such foods.

Easy Tips to Reduce your Water Bills:
If you are using a water meter, you can adopt a number of ways to reduce water consumption at home:

•  Check taps for leaks regularly. Leaks can result in loss of several gallons of water and you could end up paying more for water that you did not use.
• Stop spending too much time under the shower. Close the tap immediately after a task, say shaving or cleaning vegetables, instead of letting water run till you finish it.
•  Fit your shower heads and faucets with water flow controllers available in the market. These devices control water flow so you don’t end up using more water than you actually require for a task.
•  Recycle water wherever possible. For example, you could use water remaining after cleaning vegetables for your plants.
• Calculate your water bill yourself by reading the water meter. Water billing officials may sometimes make mistakes in reading the meter and end up giving a wrong bill amount. Keep yourself up-to-date about charges per unit for water consumption to make your calculation.

Simple Ways to Save on Mobile Phone Bills:

• Choose plans that go with your calling, messaging, internet and multimedia needs. For example, if you call abroad often, you could go with a customised plan that offers comparatively lower rates for such calls as against more generic plans.
• Make use of free call benefits provided by your mobile network operator. Several carrier services allow free calls within a group using the same network; add members that you most talk to or send messages to, to such plans.
• Use alternative web-based communication channels such as Skype and Google Talk to make calls. You can talk to other callers with accounts on these platforms for free. Get your friends or family open an account with such services. Opening accounts is usually free.
• Consider using prepaid call plans if you are not an overly cell phone person.

Consider practising these tips on a daily basis, even if you get to incorporate only a few of them at the onset.

The contact details of the branches are as follows:

Branch Name: Saibaba Colony Branch
Address:
M/S UAE Exchange & Financial Services Ltd.
VRS Shopping Complex, 472 NSR Road, Saibaba
Mission Post, Coimbatore, -641001
Telephone: +91 422 2444662/663
Mobile: +91 8754044516
E-mail address: saibabacolony@uaeexchange.co.in

Working Hours:
Mon to Fri : 09:30Hrs to 18:00Hrs
Saturday : 09:30Hrs to 14:00Hrs
Sunday Holiday

Branch Name: Peddapalli Branch
Address:
M/S UAE Exchange & Financial Services Ltd.
4 – 4 – 227/B, Kaman Road, Peddapalli,
Karim Nagar Andhra Pradesh – 505 172
Telephone: +91 878 223185/184
Mobile: +91 9849567082
E-mail address: peddapalli@uaeexchange.co.in

Working Hours:
Mon to Fri : 09:30Hrs to 18:00Hrs
Saturday : 09:30Hrs to 14:00Hrs
Sunday Holiday

For more information log on to: www.uaeexchange.com

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From left – Mr.Vijay Menon, Executive Director – Dadabhai Travel, Mr.Promoth Manghat – VP – Global Operations, UAE Exchange, Mr.Varghese Mathew – Country Head – UAE , UAE Exchange.

Under the partnership, customers of Dadabhai Travel can now make payments for their travel bookings at any of the 124 outlets of UAE Exchange in the UAE, bringing more convenience and ease of access to travel customers. Addressing the media at a signing ceremony, Mr. Promoth Manghat, Vice President – Global Operations, UAE Exchange, said: “We have a long relationship with Dadabhai Group in the Kingdom of Bahrain. Authorising us to collect payments on their behalf in the UAE only goes to show the trust they bestow on this relationship.”

“Both UAE Exchange and Dadabhai Travel aim to bring maximum convenience to the customers. With this partnership, customers can now easily walk in to any of our widely networked branches in the UAE and make payments conveniently. This joining of hands is yet another step towards our aim of bringing more services under one roof. We are very positive about this new dimension to our relationship with this progressive group.” he added.

The new bill payment facility is the latest in the bouquet of services, which UAE Exchange offers under a single roof. The services portfolio of the UAE Exchange spans bank transfers, instant money transfers, currency exchange, utility bill payments, credit card bill payments, payroll solutions, prepaid travel cards, wealth investments and more.

Mr. Vijay Menon, Executive Director, Dadabhai Travel, said: “We are glad to partner with UAE Exchange in the UAE. As entities, we share a similar vision, when it comes to enhancing customer experience. This comes from the rich values on which the entities are built on. Dadabhai Travel has always tried to bring more value to customers.”

“This new partnership will take customer convenience to a new level. They can book their required services through us and then walk in to any UAE Exchange branch to pay easily, confirm the booking and collect their itinerary conveniently. The wide branch network and goodwill that UAE Exchange has built in the UAE, in the past 32 years, is unparalleled and we are sure that our customers will only gain with this new arrangement,” he added.

For more information log on to: www.uaeexchange.com

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“Indian remittances continue to be on the up,” says Sudhesh Giriyan, the head of Xpress Money Business, a global money transfer company which offers its services across 40,000 points in India. “This has been the trend for the past couple of years now and this year so far has been no different. As we speak, the Indian rupee is still at a very attractive level and even now sending Indian rupees is a very, very attractive proposition.”

Most money comes from the Middle East, which accounts for about 31 per cent of remittances, he said. About 29 per cent are from North America and 20 per cent are from Europe. India is the largest recipient of remittances in the world, receiving US$69 billion last year, up from $63bn the previous year, according to data from the World Bank. Remittance flows are being boosted by infrastructure projects in the Arabian Gulf region, the World Bank says.

“In addition to large numbers of unskilled migrants working mainly in the GCC, India also has a large skilled diaspora sending money home, and as noted above, their prospects in major sending countries are improving,” it said in a report published last month. Remittances are an important part of India’s economy, accounting for 3 per cent of India’s GDP, it added.

“The economic impact is substantial,” says Promoth Manghat, Vice President – Global Operations at UAE Exchange. “Remittances have a multiplier effect.”He says in Kerala, in particular, the local economy is very much dependent of flows of cash from the Gulf. About half of the Indian residents in the UAE are estimated to be made up of Keralites.

“That money that is coming in is getting consumed in the country,” said Mr Manghat. “Remittances into the country have an economic and social impact. Remittances to India from the UAE in the first four months of this year have risen by about 6 to 8 per cent for UAE Exchange, Mr Manghat says.

“We expect the growth to be much faster in the second half of the year,” he says, adding there are a number of festivals in the second half of the year including Eid, Diwali and Christmas, which are peak periods for remittances. As well as the weak rupee, he cited an increase in the activity on infrastructure projects in the UAE as a factor in the growth. “The Gulf continues to prosper. There are lot of new job opportunities getting created.”

Last year, the Reserve Bank of India removed a cap on interest rates for NRIs, which allows them to get the same rates of interest on fixed deposit accounts as citizens in India. This means that NRIs [non resident Indians] can earn interest of up to about 9 per cent on deposits in India, compared to rates of about 4 per cent before. The rates in India are relatively high compared with other parts of the world.

Source:
business@thenational.ae

Cesar is heading towards his final destination of the UAE after sprinting through Bahrain, Qatar, Kuwait, Kingdom of Saudi Arabia and Oman. The marathoner will cover 348 kms in the Emirate adding up to a total of 1,160 kms in the Middle East, in less than 35 days.

With close to a week in UAE, Cesar will start his run from Abu Dhabi and conclude in Dubai, visiting important places on his way such as Al Mafraq, Al Jazira, Jebel Ali, Al Barsha and Jumeirah. Cesar will also host two fun runs in Abu Dhabi and Dubai, where he will invite one and all to join him for a short 2-3 kilometers run. Any person volunteering to join Cesar for the Fun Run will receive goodies and merchandise from Xpress Money.
Cesar Guarin is a man on a mission to cover 42,000 kilometers and 47 countries across the world through his global run. He has dedicated this quest to OFWs across the world. Guarin donates a part of his proceeds from the ultra-marathon towards the welfare of the Overseas Filipino Workers (OFWs) and also towards raising funds for Filipino street children. Xpress Money is wholeheartedly supporting him on this noble cause, because as a brand it has consistently undertaken initiatives that work towards social inclusion and community support programmes through H.O.P.E. Xpress Money deeply cares for the OFW community and this commitment has reflected through their continuous engagements with the community at large,

be it through relief campaigns for Typhoon Sendong or Typhoon Pablo or by providing basic school supplies (in association with the GMA- Kapuso Foundation) to 4,000 children across regional provinces in Philippines last year. It also runs its very own OFW center in the Philippines to train Filipinos -migrating abroad for employment opportunities. Xpress Money associates itself with Cesar Guarin’s cause not merely as a sponsor but more as part of its continued cause of supporting OFWs!

Mr. Vinesh Nair, Vice-President, Global Marketing and Communications Head, Xpress Money said, “We believe that each and every OFW is a modern day hero, in his/her own right; after all it’s not easy to leave families behind and travel miles away from them in search of opportunities to secure their future. Xpress Money acknowledges and salutes each of these OFWs and, we are happy that we found a true ambassador of Philippines in Cesar Guarin. Through H.O.P.E., we are proud to be associated with this unique cause which highlights the spirit of Filipinos who have migrated from their homes to achieve their dreams.”

Speaking about his deep connection with the OFW community, Mr. Cesar Guarin said, “We all have one thing in common – our yearning to achieve our dreams. For this reason, I am in awe of those who took the more courageous route of making a difference and facing the odds outside the comfort of their homeland,” he remarked. “I am even more amazed to meet them in person and hear their success stories. It is from their experiences that I find my own inspiration. My global run serves as a tribute and token of my gratitude to all Filipinos abroad for inspiring me to not give up and take courage in fulfilling my dream of running across the globe,” he added.

Having already run 16,000 km across 15 countries since 1983, the 57-year-old from Manila still has 26,000km and 32 countries to complete, before he can be named the first Asian to have run an accumulative distance equivalent to the circumference of the earth. In the GCC, Guarin will run 40-60km a day, resting only on Fridays to meet with members of the Filipino community at consulates and embassies across the region.

About H.O.P.E:

H.O.P.E (Helping Our People and Environment)is a sustainable corporate social initiative by Xpress Money that focuses on three global themes –financial literacy and inclusion, education and relief work. The first phase of the initiative is being implemented in GCC, South Asia, and Asia Pacific with women and school children being the prime beneficiaries.

About Xpress Money:

Xpress Money is a global money transfer brand with a thriving presence in more than 150 countries in 5 continents across 170,000 agent locations across the world. Working towards the goal of Bringing Home Closer to millions of migrants residing away from their homes, Xpress Money has come to be known as the most dependable international money transfer brand. Xpress Money provides its customers a simple, fast & safe way to transfer money anywhere in the world through innovative technology, superior customer service and its extensive worldwide network. For more information, visit www.xpressmoney.com

Hamdan Street:
Abu Dhabi Souk Branch, Next to Liwa Centre
Old Souk, Shaikh Hamdan Street
Phone: +971-2-6105666 , Speed Dial: 666
Fax: +971-2-6322929
Email: auholdsouk.branch@uaeexchange.com

Business Hours:
Sat-Thu: 08:00Hrs – 22:00Hrs,
Friday : 08:30Hrs – 11:30Hrs & 14:00Hrs – 22:00Hrs

Abu Dhabi Main Branch,
Near to Bank of Baroda, Shaikh Hamdan Street
Phone: +971-2-6322166, Speed Dial: 11
Fax: +971-2-6312030
Email: abudhabi.branch@uaeexchange.com

Business Hours:
Sat-Thu: 08:00Hrs – 22:00Hrs,
Friday : 08:30Hrs – 11:30Hrs & 14:00Hrs – 22:00Hrs

New Airport Road:
Ethihad Plaza Branch, Shops No. SE 45,
Ethihad Plaza Building, New Airport Road
Abu Dhabi
Phone: +971-2-5570776
Fax: +971-2-5567513
Email: ethihadplaza.branch@ae.uaeexchange.com

Business Hours:
Sat – Thu: 10:00 Hrs-13:30 Hrs & 17:00 Hrs-22:00 Hrs
Friday: 14:00 Hrs – 23:00 Hrs

Muroor Road:
Muroor Branch, Shop No: 3, Ground Floor
Muroor Co-operative Mall, Abu Dhabi Muroor Road
Phone: + 971-2-4498505, Speed Dial: 88
Fax: + 971-2-4498299
Email: muroor.branch@uaeexchange.com

Business Hours:
Sat – Thu: 08:00 Hrs – 22:00 Hrs,
Friday : 08:30 Hrs – 11:30 Hrs & 14:00 Hrs – 22:00 Hrs

Near Abu Dhabi Main Bus Terminal:
Al Wahda Mall Branch, Shop No 13
Near Magrudi Book Shop, 1st floor
Defence Road
Phone: +971-2-4437374 , Speed Dial: 53
Fax: +971-2-4437370
Email: alwahdamall.branch@uaeexchange.com

Business Hours: Sun-Wed: 10:00Hrs – 22:00Hrs,
Thu-Sat : 10:00Hrs – 23:00Hrs

Mussaffah II:
Mussafah II (Sector 12) Branch,
Opposite Zia Pharmacy, Sector 12
Phone: +971-2-5525727, Speed Dial: 27
Fax: +971-2-5526572
Email: mussafah2.branch@ueexchange.com

Business Hours:
Sat-Thu: 08:00Hrs – 22:00Hrs,
Friday : 08:30Hrs – 11:30Hrs & 14:00Hrs – 22:00Hrs

Mussafah Sanayya:
Mussafah Sanayya I Branch, Mussafah Industrial Area
Next to Emirates Bank/ Dubai Islamic Bank
Opp. HSBC, Near to KFC & Pizza Hut
Phone: +971-2-5548823, Speed Dial: 39
Fax: +971-2-5548824
Email: sanayya.branch@uaeexchange.com

Business Hours:
Sat-Thu: 08:00Hrs – 22:00Hrs,
Friday : 08:30Hrs – 11:30Hrs & 14:00Hrs – 22:00Hrs

Walk in today! Nominate and salute those, who made a difference.

Hearty congratulations to the winners and thank you to all the participants.

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You can also use online money transfer services such as Money2anywhere.com to save costs that you could lose to exchange rates. Money2anywhere helps by locking your exchange rate as on the day of transaction; this way your money gets immune to any exchange rate fluctuations occurring before it gets credited at the destination.

Send Money Orders:
Money orders take relatively longer time to reach the destination. Use this traditional inexpensive method of sending money if the time gap is not a difficulty for you. You can purchase money orders in the destination currency from post offices or banks; some money transfer companies also offer money orders. Post offices usually charge lesser for money orders. If you want to use banks or money transfer companies, enquire about their prices and go for the cheaper one.

Use International Bank Drafts:
International bank drafts are cheques in a foreign currency. Purchase bank drafts in the destination currency to avoid charges in terms of exchange rate conversion for the receiver. Your bank issues a bank draft for a fee, and only after checking your account for availability of sufficient funds. Send the bank draft to the recipient for him or her to deposit it in his or her account. On cheque clearance, funds are credited into recipient’s account from your account. Cheque clearance may take time; use this method if there is no urgent need for money back home.

Try Web-Based Money Transfer Methods:
Payment services such as PayPal, and Amazon WebPay from Amazon Payments, are some examples of web-based money transfers. You can use your Amazon Payments or PayPal account balance, bank account, or a credit/ debit card, to send money. Recipient receives payment intimation through his or her email following which he or she can login into his or her Amazon Payments or PayPal account to claim the payment.

Shop for Low-Cost Services:
If you are looking to send money fast and secure, you can use instant money transfer services as those offered by Western Union, MoneyGram and Xpress Money. Enquire about the total expenses that would go into the money transfer, to know which service suits your budget and speed requirements.

No matter what option you choose, talk to the service provider in depth to know about all charges pertaining to the service, so that you don’t end up being caught in a surprise.

2. Job Location: Karachi (Pakistan)

3. Key Responsibilities:
As a relationship manager the incumbent would carry themselves as the brand ambassador of UAE Exchange to our correspondent banks. Represent UAE Exchange and Nurture strong relationships with banks through constant engagement and relationship building strategies, deliver market intelligence, assist in sorting out operational issues, generate new product ideas and follow up bank projects systematically for timely completion; thereby support in establishing & sustaining
UAE Exchange as the remittance leader in the positioned geography. Coordinate and execute various projects undertaken with the banks to grow the business relation.

4. Qualification:
Post Graduate / Graduate

5. Skill & Experience:
> Minimum 2 years of experience.
> Client servicing background in Banking transactions, related to money transfer / SWIFT (remittance)/ Cash Management / Home remittance.

………………………………………………………………………………………………………..

If your job profile matches to this position, send in your resume to recruitment.ghq@uaeexchange.com|souvik.chatterjee@uaeexchange.com

UAE Exchange Gears Up for Blesson George Volleyball Tournament

UAE Exchange is all set for the Blesson George Volleyball Tournament for 2013. Last year, the Tournament saw UAE Exchange winning the Cup at Abbasia. This year too, the Riggae Volley UAE Exchange team is looking forward to give its best play on the field. With some of the most experienced players representing the company for Blesson George Volleyball Tournament, UAE Exchange is more than hopeful of creating history for the second time.

Together We Win: Mr. Pancily Varkey (Centre, Front Line), Country Head, UAE Exchange, Kuwait, with Riggae Volley UAE Exchange team and other UAE Exchange officials at the Company’s Head Office.

UAE Exchange is an ardent supporter of sports. The Company owns cricket and basketball teams that participate in several tournaments on a regular basis.

For more information log on to: www.uaeexchange.com

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