Friday 14 December 2018
 
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DIFC eyes global FinTech hub status

Dubai International Financial Centre (DIFC) has made great strides in the FinTech space, cementing the emirate’s position as one of the world’s top 10 FinTech hubs and a preferred growth platform for startups and SMEs, said a senior official.   A lea

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Sinnad Bahrain gets PCI Data Security certification

Sinnad, the region’s leading card processing service provider, has successfully attained the latest version of the PCI Data Security Standard version 3.2 (PCI DSS V3.2) compliance certification for its platform in Bahrain.   A Bahraini registered company s

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Ras Al-Khaimah launches smart e-payment system

The Ras Al Khaimah Department of Finance has partnered with RakBank as exclusive acquiring bank and STS PayOne as a leading regional provider of ePayment solutions, to launch RAK SmartPay as an integrated e-payment system in the Emirate. This was announced during a press conferen

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GCC banking outlook for 2019 stable: Moody's

The outlook for Gulf Cooperation Council (GCC) banking systems remains stable, reflecting their improving operating conditions, weakening but still, solid loan performance and strong capital, Moody's Investors Service said in a report.   Moody's 2019 Out

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Bahrain cbank issues final rules on open banking

The Central Bank of Bahrain (CBB) today (December 6) issued the final rules on “open banking”, which will facilitate the provision of a variety of innovative services for bank customers in the kingdom. Khalid Hamad, the executive director of Banking Supervision at the

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Apple co-founder Steve Wozniak to speak at Bahrain forum

Steve Wozniak, co-founder of Apple, has been announced as the keynote speaker of the eighth annual GCC Financial Forum, to be held in Bahrain in February.    The forum, co-hosted by Euromoney and the Bahrain Economic Development Board (EDB), will focus on t

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DGCX wins ‘EMEA Exchange of the Year’ award

The Dubai Gold & Commodities Exchange (DGCX) has been named for the first time ‘EMEA Exchange of the Year’ at the Future & Options World (FOW) Global Investor Awards 2018 held recently in London, UK. The exchange was carefully selected from a pool of internati

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Egypt firms see easing of cost inflation pressure

Cost inflationary pressures at Egyptian private sector firms eased to record low in November, according to latest data from the Emirates NBD Purchasing Managers’ Index (PMI) for Egypt. The survey, sponsored by Emirates NBD and produced by IHS Markit, contains original data

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Price discounting drives growth in UAE non-oil

The UAE’s non-oil private sector saw both output and new work rise at a faster rate last month than October, backed by steep price discounting and other marketing efforts to support domestic demand, according to latest data from the Emirates NBD Purchasing Managers’ Index (PMI) for

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Saudi Arabia's non-oil growth hits 11-month high

Saudi Arabia’s non-oil private sector witnessed its fastest growth rate in 11 months in November, according to the latest data from the Emirates NBD Purchasing Managers’ Index (PMI) for the kingdom. The survey, sponsored by Emirates NBD and produced by IHS Markit, a w

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