Thursday 18 September 2014
 
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transactions

Al Hilal to allow ID cards for ATM transactions

In a major move, Abu Dhabi-based Al Hilal Bank said it will start permitting its customers to use their Emirates Identity Authority (EIDA) identity cards for withdrawals and transfers at all its ATMs across the country. This uniqu

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Etisalat, NBAD in m-transactions tieup

Etisalat, the UAE's leading telecom operator, has joined hands with the National Bank of Abu Dhabi (NBAD) to offer mobile point of sale (mPoS) solutions to merchants in the UAE enabling quick and efficient process of card payments for all cu

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Abu Dhabi in deal to speed up port transactions

Abu Dhabi Ports Company (ADPC) said it has signed a MoU with Abu Dhabi Terminals (ADT) and several government agencies that will pave the way for the introduction of a new information and documentation system at all its ports. The

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Abu Dhabi in deal to speed up port transactions

Abu Dhabi Ports Company (ADPC) said it has signed a MoU with Abu Dhabi Terminals (ADT) and several government agencies that will pave the way for the introduction of a new information and documentation system at all its ports. The

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Dubai land transactions top $17bn in H1

  The number of land transactions in Dubai during the first half of 2012 increased 21 per cent to Dh63 billion ($17.14 billion), a statement quoting Dubai Land Department said. Overall the number of property transactions i

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StandChart weighs settling Iran deals row

British bank Standard Chartered is rushing to reach a settlement within days over charges it hid transactions tied to Iran and is set to resume talks with US regulators on Monday, sources familiar with the situation said. The Lond

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Symposium spotlights new banking techniques

The Bahrain Finance Ministry organised a symposium on latest techniques used in the settlement of government banking transactions as an essential tool to raise the efficiency and quality of the performance of government services. Finance U

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IIFM to launch template for profit-rate swaps

International Islamic Financial Market (IIFM) is set to launch a template for Sharia-compliant profit-rate swaps, designed to help in hedging risk in frequent cross-currency transactions next year, said its chief executive. Ijlal Alvi said

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Al Baraka joins BFX Islamic unit

Al Baraka Banking Group (ABG), a leading international Islamic financial group, has become a registered user of Bait Al Bursa, the Islamic finance division of Bahrain Financial Exchange (BFX). The first multi-asset exchange in the Mena reg

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BisB registers $9.3m net profit

Bahrain Islamic Bank (BisB) achieved BD3.5 million ($9.28 million) net profit for the first nine months of the year. This was earned in spite of provisions for the decline in assets value and the increase in general provisions to BD3.2 mil

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