Sunday 25 September 2016

Emirates NBD to introduce robot ‘Pepper’

Emirates NBD, one of the leading banking groups in the region, is introducing ‘Pepper’, an artificial intelligence robot that will add a fun element to customer engagement. Pepper will make his appearance at the bank’s marketing and promotional events in the UAE


Swift plans steps to help spot fraud transfers

The Swift inter-bank messaging network plans to send daily reports to clients to help them more quickly identify unauthorised payment instructions like those used by hackers to steal $81 million from Bangladesh's central bank in February. Trillions of dollars worth of inter-b


KHCB launches VIP service

Khaleeji Commercial Bank (KHCB), one of Bahrain’s leading Islamic retail banks, has launched an exclusive banking service for valued dignitaries and VIPs, ‘Khaleeji VIP’, reported the Gulf Daily News, our sister publication. To read further, please visi


Bitcoin is money, says US judge

Bitcoin qualifies as money, a federal judge ruled on Monday, in a decision linked to a criminal case over hacking attacks against JPMorgan Chase & Co and other companies. U.S. District Judge Alison Nathan in Manhattan rejected a bid by Anthony Murgio to dismiss two charges re


Social entrepreneurs seek bigger backing from govts

Greater support from the public, governments and investors is needed to boost the work of entrepreneurs using business for social good, said industry activists and organizers after a Thomson Reuters Foundation poll highlighted these as key issues. While progress overcoming those


QFC to relocate to Msheireb Downtown Doha

The Qatar Financial Centre (QFC) announced today its relocation to Msheireb Downtown Doha (MDD). New QFC firms will be able to operate from this new designation starting mid-2017. Existing firms can decide to migrate then, or starting 2018. This relocation will serve as a foundation fo


Kuwaiti investors looking to buy stake in WH Ireland

Financial services company WH Ireland Group said on Monday that Kuwaiti European Holdings Group (KEH) was considering buying a stake in the company, sending its shares up as much as 28.7 percent. KEH was close to announcing an agreement to buy nearly 30 percent of WH Ireland shar


$750m Emaar sukuk listed on Nasdaq Dubai

Emaar Properties, a leading Dubai-based developer, listed a $750 million sukuk today on Nasdaq Dubai, the region’s international financial exchange.   The listing has raised the total value of sukuk listed in Dubai to $45.55 billion, underlining the emirate’s pos


Yemen names new cbank head, moves HQ

Yemen's exiled president Abd Rabbuh Mansur Hadi appointed Finance Minister Monasser Al Quaiti as head of the country's central bank on Sunday, the state-run news agency reported. The decree announcing the appointment included a decision to move the bank's


NBAD postpones green bond say sources

National Bank of Abu Dhabi has postponed the region's first green bond after investors considered the pricing unattractive, banking sources told Reuters on Sunday. Green bonds have become an increasingly popular source of borrowing for banks in emerging markets, including in

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