Sunday 24 September 2017
 
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Money Trade Coin listed on cryptocurrency exchange

Money Trade Coin, a cryptocurrency, was listed on NovaExchange today and trading was launched immediately, the company said in a statement. The listing event was held at Burj Al Arab, Dubai, UAE, and was attended by Sheikh Saqer Al Nahyan along with a list of 40 VIP guests includ

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EDB launches new housing loan scheme for UAE nationals

The Emirates Development Bank (EDB) has launched a new finance scheme under which UAE nationals who have obtained relevant approvals from the country's major housing institutions including Sheikh Zayed Housing Programme, the Abu Dhabi Housing Authority, the Mohammed bin Rashid Housing Found

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New Bahrain Islamic banking rules are credit positive: Moody's

The Central Bank of Bahrain's (CBB) new Shari’ah governance regulations applicable to wholesale and retail Islamic banks in Bahrain are credit positive for investors because they will lead to a more consistent and robust system for ensuring Shari’ah compliance for Islamic produc

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IPS signs deal for SmartVista payment platform

Bahrain-based International Payment Services, a third-party payment processing company, has signed a purchase agreement with BPC Banking Technologies, a leading provider of open system e-payment solutions for the global financial industry, for its payment processing platform SmartVista. 

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Fewa, Al Fardan sign strategic partnership

UAE's Federal Electricity & Water Authority (Fewa) recently signed an agreement with Al Fardan Exchange, a leader in the UAE remittance market, to improve customer experience and provide seamless payment solutions across the country. Shaikha Murad Abdullah Karam, director

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DMCC signs strategic deal to boost China ties

Dubai Multi Commodity Centre (DMCC) has signed a partnership agreement with the Xi'an International Trade and Logistic Park at the Xian Dubai Free Trade Zone Economic Cooperation Conference 2017 in China. The Memorandum of Understanding (MoU) sets out to open doors for busine

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Mastercard appoints new country manager for Saudi Arabia

Mastercard, a leading technology company in the global payments industry, has announced the appointment of J K Khalil as the company’s country manager for Saudi Arabia. With his extensive experience and in-depth knowledge of the local market, Khalil will be in charge of promoting

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Impact Investing: do good and do well

The need is immense in terms of infrastructure, jobs and capacity building in our neighbourhood.  Impact investments  provide both ROI as well as the social return, writes Shainoor Khoja, MD, Foundation Holdings’ Value Healthcare Platform, in an article to Trade

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Abraaj Group appoints Kito de Boer as managing partner

The Abraaj Group, a leading investor operating in global growth markets, has announced the appointment of Kito de Boer as managing partner. De Boer has over 30 years’ experience across diverse geographies and sectors. In 2014, de Boer was appointed by

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UAE listed firms give $8.8bn in dividend, bonus

Cash dividends and bonus shares to the tune of Dh32.5 billion ($8.8 billion) have been distributed by 79 companies listed at Abu Dhabi Securities Exchange and Dubai Financial Market for Fiscal Year 2016, a report said. Distribution of such big gains goes in line with the listed c

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