Friday 15 December 2017
 
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Banking sector

Blockchain changing security landscape in banking sector

Blockchain, the technology that is used in the popular cryptocurrency 'Bitcoin', is revolutionary in many ways. It addresses multiple challenges associated with digital transactions, such as double spending and currency reproduction.

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Women account for 70pc of nationals in UAE banks

The representation of Emirati women among the national workforce in the banking sector of the UAE stands at 70 per cent, among the highest of any sector in the country, a top official was quoted as saying in a media report. Jamal

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Saudi banking sector Q2 earnings down 2.4pc

Consolidated second-quarter (Q2) earnings for Saudi Arabia’s banking sector declined 2.4 per cent year-on-year (y-o-y) with more than half of the banks reporting profits higher than consensus estimates, a report said. The ke

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Bahrain banking sector ‘remains resilient’

The overall outlook for the GCC’s banking sector is positive and Bahrain is fairing particular well, said a listed banks report from global professional services company KPMG. The report, which covers over 90 per cent of the

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65 Abu Dhabi-listed firms post Q1 profit over $3.25bn

Profits of 65 domestic and foreign companies listed on Abu Dhabi Securities Exchange (ADX) have reached Dh12 billion ($3.26 billion) in the first quarter (Q1) of 2017, growing by 19 per cent, compared with Dh10.4 billion in Q1 2016, a report sai

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Saudi says no big Brexit effect on banking sector

Saudi Arabia said on Saturday it had made some adjustments to assets denominated in sterling and euros in anticipation of Britain's vote to exit the European Union. The adjustments were made ahead of the results of the vote as

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Bahrain banking sector in major hiring drive

Bahrainis hold more than two-thirds of jobs in the kingdom’s banking sector – and more are being hired, said Finance Minister Shaikh Ahmed bin Mohammed Al Khalifa. He said 5,618 employees out of 7,473 were Bahraini in

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Qatar banking ‘ready for $100bn projects boom’

Qatar’s banking sector is ready to rise to the challenge of financing an expected $100 billion boom in the country’s projects industry until 2022, said the organisers of an upcoming banking summit in Doha. Qatar Bankin

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Economic revival to drive Iraq banking sector

The Iraqi banking sector is set for significant earnings and asset growth over the next decade driven by a strong macro environment, increasing credit penetration and the improving security situation in the country, a report said.

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GCC banking robust; assets hit $1.4 trillion

Higher energy prices and increased hydrocarbons production have provided for large public spending programs, which have increased the asset growth of GCC banks by 11 per cent in 2012 to reach $1.47 trillion, a report said. Overall

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