Tuesday 1 September 2015

MEPS inks partnership deal with Jordan Post

Middle East Payment Services (MEPS), a top payment services provider in the Middle East, has signed a partnership agreement with the Jordan Post, whereby it will provide all post offices across the Kingdom with point-of-sale devices. This step will allow Visa and MasterCard holde


DGCX records 35pc growth in trading volumes in August

Dubai Gold and Commodities Exchange (DGCX) has recorded a 35 per cent growth in monthly trading volumes, with an all-time high in two years of more than 1.5 million contracts.   The increased volatility in global markets over the past month led to this trading v


DFM picks Avaya for networking solution

The Dubai Financial Market (DFM), the leading exchange in the region, has selected Avaya’s SDN FX fabric networking technology for its ability to effectively and efficiently cater to day-to-day needs. The solution will also offer the convenience of scalability to grow and p


DIFC Courts to advise planned Kazak arbitration centre

The DIFC Courts have been chosen by Kazakhstan’s central bank to advise on establishing a world-class commercial court system including an arbitration centre at the planned Astana International Financial Centre (AIFC).    Dubai’s established Eng


WB launches annual Islamic finance forum

The World Bank (WB) Group`s Global Islamic Finance Development Center (GIFDC) has announced the launch of its annual Symposium on Islamic Economics and Finance. The symposium is organized by GIFDC in partnership with Borsa İstanbul, Islamic Development Bank (IDB), Islamic Researc


Global growth likely to be weaker: IMF

Global economic growth this year is likely to be weaker than earlier expected, the head of the International Monetary Fund said on Tuesday, due to a slower recovery in advanced economies and a further slowdown in emerging nations. IMF managing director Christine Lagarde also warn


DMCC inks cooperation deal with Istanbul bourse

DMCC, the free zone authority on trade, enterprise and commodities in Dubai, UAE and Borsa istanbul, have signed a Memorandum of Understanding (MoU) to further enhance bilateral trade relations. The terms of the MoU state the two entities will collaborate to further enhance bilat


SRB sponsors ethical finance forum in UK

Shariyah Review Bureau (SRB), the corporate world’s top brand for Sharia certification services, is participating as a sponsor at the three-day Global Ethical Finance Forum (GEFF) that opened in Edinburgh, Scotland today (September 1). “We are delighted to sponsor the


GCC bankers gear up to discuss future of banking technology

More than 450 GCC bankers will come together next month at a leading banking technology and innovation event in Dubai this month.   The fifth Annual Middle East Banking Innovation Summit will take place on September 14 and 15 at the Sofitel, The Palm Resort and


Beehive P2P platform wins Sharia certification

UAE-based Beehive, a leading online marketplace for peer-to-peer (P2P) finance, has been certified as a Sharia-compliant P2P finance platform by the Shariyah Review Bureau (SRB), a provider of Sharia advisory and audit services. The certification makes Beehive the first P2P platf

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