Sunday 25 August 2019

National Bank of Bahrain gets SWIFT gpi certification

National Bank of Bahrain (NBB) has announced that it has become the first bank in the kingdom to successfully complete the SWIFT Global Payments Innovation (SWIFT gpi) certification.    SWIFT gpi is the latest initiative launched by SWIFT to improve the cus


India sees UAE as key partner in $5 trillion economy plan

India finds a partner in the UAE to achieve its ambitious dream of achieving a $5 trillion economy, said Prime Minister Narendra Modi told the Emirates News Agency (WAM) in an exclusive interview.   "We consider the UAE as a valuable partner in realising th


ADIB UK finances Edinburgh building acquisition

Abu Dhabi Islamic Bank in the UK (ADIB UK) has provided financing for the Bank of London and the Middle East (BLME) to acquire a Dh120 million (£26.95 million) Grade A office building in Edinburgh.   The building is leased to Centrica as its corporate head


UAE first in Mideast to launch India’s RuPay card

The UAE will be the first country in the Middle East to witness the launch of RuPay card, "an Indian indigenous equivalent of Mastercard or Visa," during the visit of Indian Prime Minister Narendra Modi this weekend, a media report said. "A Memorandum of Understand


Diamonds make up 90pc of Botswana's exports to UAE

The UAE's trade with Botswana in 2018 was Dh5.14 billion ($1.4 billion), with diamonds accounting for more than 90 per cent of the African country’s exports to the UAE, said the Dubai Chamber of Commerce and Industry (DCCI). Dubai Chamber presented the economic scene in


Egyptian PM to deliver keynote address at Euromoney conference

Euromoney Conferences has announced that the Prime Minister of Egypt Dr Mostafa Madbouly will be delivering a keynote address at The Euromoney Egypt Conference taking place on September 9, in Cairo, Egypt. This year the event has been transformed into an unmissable one-day confer


Sohar International unveils new corporate website

Sohar International, a leading bank in Oman, has announced its new corporate website that has been carefully crafted and developed with the sole purpose of providing users with more convenience and a smooth experience.   With an enhanced user-friendly and mobile-responsive d


BisB’s Jarrar named ‘Best Banking CEO - Bahrain’

Hassan Jarrar, the chief executive officer of Bahrain Islamic Bank (BisB), was recently named ‘Best Banking CEO - Bahrain’ by International Finance Magazine (IFM).   This award was given to Jarrar in recognition of the instrumental role he has played


Saudi cautions over dealing in virtual currencies

Saudi Arabia's Ministry of Finance (MOF) has warned against dealing or investing in virtual currencies, including cryptocurrencies, as they are not recognised by legal entities in the kingdom.   They are outside the scope of the regulatory framework and are


Simah sponsors Saudi Trade Finance Summit

Saudi Credit Bureau (Simah), the first licensed credit bureau in Saudi Arabia for consumers and commercial has announced its participation as a platinum sponsor at the upcoming 7th Annual Saudi Trade Finance Summit. Saudi Trade Finance Summit, organized by QnA International, will

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