- The Dubai Mall, Dubai, United Arab Emirates
Orient Exchange Dubai Mall
Orient Exchange Dubai Mall – Orient Exchange Co. (L.L.C.) is the oldest exchange house in UAE. It is one of the largest and the most reputed exchange house in the Gulf. Even since it’s inception Orient Exchange has been the market leader in providing foreign exchange services. The services offered are foreign currency, travelers cheques, cash advances against credit cards, telegraphic transfers, drafts, door to door services and Western Union money transfer. It has a strong visibility in most of the GCC countries, Far East and banks in Europe and US. OEC is well known to the local and international money market by it’s highly competitive rates, trust and services. The company has expanded geographically by opening offices in Hong kong, India, Australia, Malaysia and Taiwan. OEC continues to offer new products and services for its customers. The user friendly and trained staff together with the web based state of art computer system rapidly speed the process of transaction increasing the convenience level of the end users.
The roots of Orient Exchange Co.(L.L.C.) takes us way back to the 19th century era, to be more precise during the 1850’s when our mother company, the Arabian Trading Agency Group was actively trading in the fields of foodstuff and construction, with trade of pearls being the major stream of business in the emirates of Sharjah and Dubai. It is worth noting that our group company was conducting business by barter exchange system, the mode of trading during the earlier days of trade in 1850’s. Years passed on, style of business changed, but ethical business values, customer focus, market needs, success and glory was constant.
As we ushered in the 20th century, i.e. early 1900’s, the trade of pearls started waning off, with rise in demand for gold and old jewellery. Our company guided by the market and customer needs, in 1920 diversified into the bullion business by purchasing old gold jewellery and re-exporting it in the form of bars to various different refineries across the world. Demand for gold was on an upward graph and hence the company initiated and developed mutual relationship with overseas financial institutions like Credit Suisse, UBS, Swiss Bank Corporation, Samuel Montagu and Jonson Mathew to import gold bullion for onward disposal in the local markets and business entrepreneurs from MENA region and Asia in exchange for foreign currency. During those days the currency in circulation in UAE (then known as Trucial States) was the old imperial Indian Rupees. With this new market evolution and demand for foreign currencies, but no banks or any financial institutions in UAE to cater for such requirements, our foreign exchange company was conceived in 1923, now named as Orient Exchange Co. (L.L.C.).
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