Sunday 25 August 2019

175,000 merchant locations to accept RuPay card in UAE

Around 175,000 merchant acceptance locations of 21 businesses and 5,000 ATMs in the UAE will soon start accepting India’s RuPay card, it has been announced.   RuPay card, an Indian equivalent of Mastercard or Visa, was launched in the presence of Indian Pr


India's RuPay card system to enter Bahrain

Indian card payments system RuPay was launched in Bahrain yesterday during the visit Indian Prime Minister Narendra Modi.   RuPay is run by the National Payments Corporation of India and competes with other global card payments systems.  


National Bank of Bahrain gets SWIFT gpi certification

National Bank of Bahrain (NBB) has announced that it has become the first bank in the kingdom to successfully complete the SWIFT Global Payments Innovation (SWIFT gpi) certification.    SWIFT gpi is the latest initiative launched by SWIFT to improve the cus


India sees UAE as key partner in $5 trillion economy plan

India finds a partner in the UAE to achieve its ambitious dream of achieving a $5 trillion economy, said Prime Minister Narendra Modi told the Emirates News Agency (WAM) in an exclusive interview.   "We consider the UAE as a valuable partner in realising th


ADIB UK finances Edinburgh building acquisition

Abu Dhabi Islamic Bank in the UK (ADIB UK) has provided financing for the Bank of London and the Middle East (BLME) to acquire a Dh120 million (£26.95 million) Grade A office building in Edinburgh.   The building is leased to Centrica as its corporate head


UAE first in Mideast to launch India’s RuPay card

The UAE will be the first country in the Middle East to witness the launch of RuPay card, "an Indian indigenous equivalent of Mastercard or Visa," during the visit of Indian Prime Minister Narendra Modi this weekend, a media report said. "A Memorandum of Understand


Diamonds make up 90pc of Botswana's exports to UAE

The UAE's trade with Botswana in 2018 was Dh5.14 billion ($1.4 billion), with diamonds accounting for more than 90 per cent of the African country’s exports to the UAE, said the Dubai Chamber of Commerce and Industry (DCCI). Dubai Chamber presented the economic scene in


Egyptian PM to deliver keynote address at Euromoney conference

Euromoney Conferences has announced that the Prime Minister of Egypt Dr Mostafa Madbouly will be delivering a keynote address at The Euromoney Egypt Conference taking place on September 9, in Cairo, Egypt. This year the event has been transformed into an unmissable one-day confer


Sohar International unveils new corporate website

Sohar International, a leading bank in Oman, has announced its new corporate website that has been carefully crafted and developed with the sole purpose of providing users with more convenience and a smooth experience.   With an enhanced user-friendly and mobile-responsive d


BisB’s Jarrar named ‘Best Banking CEO - Bahrain’

Hassan Jarrar, the chief executive officer of Bahrain Islamic Bank (BisB), was recently named ‘Best Banking CEO - Bahrain’ by International Finance Magazine (IFM).   This award was given to Jarrar in recognition of the instrumental role he has played

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