Sunday 24 March 2019

KFH-Bahrain enables remote bank account opening

Kuwait Finance House – Bahrain (KFH-Bahrain), a leading Islamic bank in the kingdom, has updates its mobile app KFH Jazeel Banking, enabling resident GCC nationals in GCC countries to open saving accounts in Bahrain remotely. The latest update allows GCC customers to conduc


Visa in tie-ups to spur Apple Pay in Saudi, UAE

Visa, a global leader in digital payments, has partnered with Starbucks and Hardee’s to accelerate the use and adoption of Apple Pay in Saudi Arabia and United Arab Emirates. With Apple Pay, Visa cardholders and iPhone users can make instant payments using their phone via a


300 global experts for Takaful & InsurTech forum

Over 300 industry leaders from GCC, Asia, Africa and Europe are expected to converge at the upcoming Takaful & InsurTech Conference (WTIC) in Dubai, UAE. Convened by Middle East Global Advisors, a leading financial intelligence platform, in strategic partnership with the Duba


New national loan scheme launched for Emiratis

The Central Bank of the UAE, in co-operation with the UAE Banks Federation and national banks, has launched a key initiative "National Loans Scheme" aimed at easing the burden of debt accumulation for Emirati nationals.   To help UAE citizens better ma


UAE foreign currency assets surge to $95bn in January

The total foreign currency assets held by the Central Bank of the UAE stood at Dh348 billion ($95 billion) by the end of January, thus registering a jump of 6.7 per cent from Dh326 billion for the same period last year,  according to the CBUAE figures. The growth comes even


Gulf Capital appoints MD in Private Debt Division

Gulf Capital, a top alternative asset management firm, has appointed Sharaf F Sharaf as a managing director in Gulf Credit Partners, the firm’s private debt business. Based in Dubai, Sharaf will join Gulf Credit Partners, which provides mezzanine debt and structured capital


Network International mulls IPO on LSE

UAE-based Network International, an affiliated associate of Emirates NBD, a leading banking group has announced it is considering proceeding with an initial public offering (IPO) on the London Stock Exchange (LSE). In the event Network’s shareholders decide to proceed with


DFSA signs MoU with Bank Al Maghrib

The Dubai Financial Services Authority (DFSA) has signed a memorandum of understanding (MoU) with Morocco’s Bank Al Maghrib to cooperate in the authorisation and supervision of banks operating in the Dubai International Financial Centre (DIFC) and Morocco.  


Competition top concern for GCC insurers: Moody’s

Intense competition, followed by capital requirements and profitability pressures, is the main concern for insurers in the GCC countries, according to Moody's 2019 annual survey of the chief financial officers (CFOs). Intense competition, followed by capital requirements and


Non-oil foreign trade via Abu Dhabi ports up 6.8pc

The value of non-oil foreign merchandise trade through Abu Dhabi ports increased by 6.8 per cent from Dh156.2 billion ($42.5 billion) in 2017 to Dh166.9 billion ($45,4 billion) in 2018, a media report said. This was the result of a 23.8 per cent increase in non-oil exports from D

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