Finablr’s currency exchange businesses have been hit by the Covidd-19 crisis. (Steve Parsons/PA)The troubled former owner of Travelex has been sold in what its new owners billed as the first major deal between the United Arab Emirates (UAE) and Israel. “We are delighted with the Finablr deal, representing as it is the first major UAE-Israeli commercial transaction,” said Guy Rothschild, the co-founder of Prism. “We look forward to working closely with them in the revival of the company.”Finablr has faced a tough 10 months. But the NMC scandal had not yet hit Finablr when one of its biggest subsidiaries, Travelex, ran into problems.

Source: Irish Independent October 06, 2020 08:48 UTC