Western Union waives money transfer fee to Yemen
Source: BI-ME , Author: Moussa Ahmad
Posted: Mon November 17, 2008 12:00 am

YEMEN. Western Union, a global leader in money transfer services, announced today that the transfer fee for all money transfers from the Kingdom of Saudi Arabia to Yemen, has been waived starting Saturday 15 November to 30 November 2008.

This initiative aims at extending financial assistance to the thousands of expatriates working in Saudi Arabia who want to send money back home to floods-hit Yemen, as well as Yemeni nationals who want to extend help to their relatives, friends and fellow countrymen in the disaster areas.

The money transfer fees for any amount sent to Yemen from the Kingdom will be zero. Although there is no transfer fee, Western Union will make money changing money into foreign currency.

Jean Claude Farah, Western Union Regional Vice President for Middle East, Pakistan and Afghanistan, said: “We would like to express our deepest sympathy to all our valued customers who have family and loved ones affected by the catastrophic flooding in Yemen. Waiving our transfer fee in order to lessen the financial burden on our Yemeni customers in this time of need is the least we can do to help them cope with the aftermath of this natural disaster.”

Expatriates using Western Union to send money to Yemen benefit not only from the special transfer fee waiver, but also from a reliable money-transfer process that is protected using state-of-the-art technology. Keeping the customer’s convenience as a priority, money transferred via Western Union is available for pick-up within minutes from the over 200 Western Union Agent locations across Yemen, subject of course to Agent location hours.

Western Union’s agent network in Yemen includes International Bank of Yemen (IBY), Saba Islamic Bank, Tadhamon International Islamic Bank, Union for Exchange, Yemen Bank for Reconstruction and Development, and Yemen Kuwait Bank for Trade and Investment.

In Saudi Arabia, the Western Union Money Transfer service is available in more than 100 agent locations operating through Enjaz Banking Services (Bank Al Bilad) and Speed Cash (SAMBA).

To learn more about the Western Union Money Transfer service or to enquire about the Western Union loyalty programme – the Western Union Gold Card – visit a Western Union agent location near you, or log on to www.westernunion.com

 

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UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
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