Thursday 25 May 2017
 
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banking

QNB Group opens new branch in Riyadh

QNB Group, a leading banking group in Qatar, has opened its newest branch in Riyadh, Saudi Arabia, as part of its regional expansion strategy.   Dr Ahmed bin Abdul Karim Al Khulaifi, the governor of the Saudi Ara

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Bank ABC selects Backbase to develop digital banking platform

Bahrain-based Bank ABC has selected Backbase, a state-of-the-art digital banking software solution, to develop its next generation digital banking platform for retail and wholesale banking across its network. Bank ABC, founded in

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Standard Chartered offers video banking in UAE

Standard Chartered Bank announced today the launch of its video and chat banking service for clients in the UAE, a first for an international bank. The launch follows the successful roll-out of the service in Malaysia, Singapore,

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Banking on blockchain

As the struggle to raise profitability continues, innovations like blockchain could offer investment banks a lifeline, says a global management consulting and professional services company Accenture in a new report. As with many n

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Top banking executives set to attend Meftech

The region’s most powerful banking and financial services executives will descend on Abu Dhabi tomorrow (Monday) as Meftech 2017, the Mena region’s most prestigious financial technology exhibition, gets underway. Mefte

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UAE Islamic banking assets soar to $141bn

The total Islamic banking assets in the UAE have increased to approximately Dh520 billion ($141.58 billion) in the past few years, said Saif Hadef Al Shamsi, assistant governor for monetary policy and financial stability at the UAE Central Ban

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Mideast debt issuance hits $77bn, highest since 1980

Middle Eastern debt issuance reached $77.8 billion in 2016, a 145 per cent increase compared to the value raised during 2015 and by far the highest annual total in the region since records began in 1980, said a report from Thomson Reuters, a lea

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ICD to implement new Islamic finance model

The Islamic Corporation for the Development of the Private Sector (ICD) has signed an agreement with AlHuda Center of Islamic Banking and Economics (CIBE) to implement its new banking model. The Islamic Corporation for the Develop

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Bank of Singapore to open branch in DIFC

Bank of Singapore today announced that it has been granted a Category 4 licence to operate a branch in the Dubai International Financial Centre (DIFC), Dubai. This allows Bank of Singapore to offer a comprehensive range of customi

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Emirates NBD launches first pilot blockchain network

Emirates NBD today announced the successful launch of the bank’s pilot blockchain network for banking services, a first for a private sector entity in the UAE. The bank, a front-runner in digital banking solutions and a memb

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