Saturday 10 December 2016

DHA to adopt new health insurance payment system

Dubai Health Authority (DHA) is set to adopt a new health insurance payment system that will improve transparency and quality of healthcare services in Dubai, UAE. Humaid Al Qatami, chairman of the board and director general of DHA, announced that the executive council has approv


Bahrain WIBC draws over 1,300 financial experts

More than 1,300 leading regional and international players in the global finance sector are taking part in the ongoing World Islamic Banking Conference (WIBC) in Bahrain. The WIBC has established its reputation as the world’s largest and most influential gathering of intern


ASBB launches new card payment service

Al Salam Bank-Bahrain, one of the pioneering Sharia compliant banks in the kingdom, recently launched its latest credit card payment gateway service channel in partnership with Benefit, Bahrain’s national electronic network for financial transactions. Customers will now be


WorldRemit inks partnership deal with Xpress Money

WorldRemit, an online money transfer service, and Xpress Money, a global leading money transfer brand, have announced a partnership to open up new remittance routes across Africa and Asia. Through Xpress Money’s extensive agent partner network, WorldRemit customers will be


Islamic finance assets grew 7pc to $2trn in 2015

Global Islamic finance assets grew 7 per cent hitting $2 trillion at the end of 2015, according to the Islamic Finance Development Report released at the World Islamic Banking conference (WIBC) 2016 in Bahrain. The fourth edition of the report from Thomson Reuters, the world'


Nexus seeing continuous growth in 2016: CEO

Nexus Group, a major independent financial advisor in the region, recorded a 20 percent growth across its employee benefits and general insurance businesses in 2016, said the company’s CEO. Speaking at the firm’s Annual General Meeting, where the company commemorated


Islamic banking assets surge to $924bn in 2015

The assets of Islamic banking reached $924 billion in 2015, with growth rates declining across all regions compared to previous years, says a new report from professional services firm EY. The GCC region’s share of participation banking increased to 72 per cent, as the size


Nasdaq Dubai sees sharp rise in futures trading

Trading on Nasdaq Dubai’s equity futures market increased rapidly in November as new investors entered the market. A total of 222,829 contracts traded during the month, up 116 per cent from 103,393 in October.  The leading contracts by volume in November were Union Pro


Report highlights role of venture capital

New crowd-funding regulations and expanding existing bankruptcy laws are key steps that Bahrain needs to take for enabling venture capital-led economic development, said the Gulf Daily News, our sister publication, citing a new report. To read further, please visit


WIBC opens first edition of key fintech event

The World Islamic Banking Conference (WIBC) on Monday became the key platform to the inauguration of an exclusive event on FinTech and Digital Banking - Enterprise Excellerate (E2) and the IIFM seminar on Sukuk and Islamic Trade Finance. In attendance were Islamic finance leaders

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