Western Union signs new agent in Qatar

The Qatar-UAE Exchange will now offer the complete range of Western Union services at its branches in Al Sadd and the City Centre Mall in Doha. This agreement expands Western Union's network in Qatar to a total of 17 Agents and more than 60 Agent locations.

Jean-Claude Farah, Western Union Regional Vice President for Middle East, Pakistan and Afghanistan said:

"We are pleased to have the Qatar-UAE Exchange as a new cooperation partner, enabling their customers to use Western Union's fast, reliable and convenient service to transfer money to more than 200 countries and territories worldwide. This accomplishment is a perfect example of our dedication to expanding our international reach to enable consumers and businesses to stay connected with their family and friends. This is the start of a long-term and fruitful cooperation with Qatar-UAE Exchange."

Lakshmi Narayanan, General Manager of the Qatar-UAE Exchange, comments: "We are very pleased to announce this cooperation that underscores our special relationship with Western Union, and meaningfully strengthens Qatar-UAE Exchange's position in the country's fast-growing money exchange business. This agreement is key to fulfilling our commitment to better serve our customers and extending best-of-class products and services to them."

The Qatar-UAE Exchange was established in April 2007 by the Al Hodaifi Group, one of the leading business groups in Qatar, and has quickly established itself as a prominent money transfer and exchange service provider in Qatar. The Exchange currently operates from two branches and will expand to 5 locations by the end of 2009.

Owned by HE Ghanim Sultan Al Hodaifi Al Kuwari, the Al Hodaifi Group has over the last 3 decades established itself as a market leader in contracting, oil and gas, general trading, electrical engineering, food, agriculture, information technology and project consultancy sectors.