Saturday 21 April 2018

Network International launches new payment platform

Network International, a leading payment solutions provider in region, has launched a new payment platform built for seamless, speedy and scalable trading either at the cash register or as a mobile solution offering payments on the go. Announced at the ongoing ecommerce event Sea


DES to launch first local online marketplace

Digital Economy Solutions (DES), a joint venture between emaratech and the Department of Economic Development of Dubai (DED), will launch DubaiStore, the first local online marketplace to focus on SMEs and home-based businesses (e-traders).   DubaiStore, quintessentially an o


Visa biometric card launched at Seamless ME

Visa’s first battery-less dual interface biometric payment card (chip- and contactless-enabled) in the Middle East was launched yesterday (April 15) at Seamless Middle East, a major e-commerce event, in Dubai, UAE. The card was launched by digital security world leader Gema


Seamless Middle East opens in Dubai

Seamless Middle East 2018, a large-scale exhibition for the commerce, fintech, retail and payments sector in the region, opened today (April 15) in Dubai, UAE with over 350 regional and international exhibitors. Inaugurated by Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy P


Mint signs licensing deal with Interac in UAE

Mint Middle East (MME), a globally certified payments company, has signed licensing agreements with Interac Corp, Canada’s domestic debit network, granting MME exclusive rights in the United Arab Emirates.  The licensing agreements will help MME to deliver a secure and


Investcorp acquires US auto parts supplier

Bahrain-based Investcorp, a global provider and manager of alternative investment products, has announced its recent acquisition of KSI Trading Corp. (KSI), a supplier of aftermarket auto body parts in the US. The terms of the transaction were not disclosed. Founde


Mashreq sets up $1bn CD programme in Hong Kong

Mashreq Bank, a leading financial institution in the UAE, has established a $1 billion multi-currency certificate of deposit programme (CD programme) in Hong Kong, China. The CD programme, which aims to provide access to new liquidity pools in Asia-Pacific, is being offered in mu


National Bonds Corporation seals Salama partnership

UAE-based National Bonds Corporation, a leading investment company providing innovative Shari'ah-compliant financial products and services, has signed a strategic deal with Islamic Arab Insurance Company (Salama). Through this new collaboration, National Bonds customers will


GCC Islamic banks to maintain improved asset quality

The credit fundamentals of Islamic banks operating in the GCC countries have converged with those of their conventional peers and they should maintain their improved asset quality and profitability in the coming year, Moody's Investors Service said in a report. However, the I


Saudi Arabia get top Moody's ratings, stable outlook

Moody's Investors Service has affirmed the Saudi government's long-term issuer and senior unsecured ratings at A1 with a stable outlook.   The affirmation of Saudi Arabia's A1 ratings is supported by the following key rating factors: &nb

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