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Fintechs to ‘cash in’ on millennial banking needsGCC financial technology (fintech) start-ups are cashing in on the always-connected banking habits of millennials, industry experts said in the build-up to the Gitex Technology Week, the largest ICT expo in the region. There is a surge in growth of “moneyhawks” - the More… |
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Dubai Investments CEO wins visionary awardKhalid Bin Kalban, managing director and CEO of Dubai Investments, a diversified investment company, has won the prestigious ‘Visionary CEO of the Year’ award at the 10th CEO Middle East Awards 2016 in Dubai, UAE. Kalban received the award at a gala ceremony held on S More… |
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Devaluation 'can boost Egyptian exports by 10pc'Egyptian exports would rise by 10 percent if and when authorities devalue the pound, Trade and Industry Minister Tarek Kabil said on Tuesday. Pressure has been mounting on the central bank to devalue the currency as Egypt struggles to revive an economy hit by political unrest tha More… |
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Kuwaiti group takes 23pc stake in WH IrelandWH Ireland Group said on Tuesday Kuwaiti European Holdings Group (KEH) and related parties had bought a 23.1 percent stake in the company, amid media speculation that KEH may be positioning itself to buy out the British stockbroker. WH Ireland, which offers private wealth managem More… |
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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 More… |
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Swift plans steps to help spot fraud transfersThe 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 More… |
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KHCB launches VIP serviceKhaleeji 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 More… |
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Bitcoin is money, says US judgeBitcoin 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 More… |
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Social entrepreneurs seek bigger backing from govtsGreater 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 More… |
