Monday 23 April 2018
 
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Dubai Investments to launch new Islamic bank

Dubai Investments has announced plans to lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial paid-up capital of $100 million. The authorised share capital of Arkan Bank wi

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FAB wins Saudi commercial banking licence

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has secured a licence from the Saudi Arabia Monetary Authority (Sama) to establish a commercial banking business in Saudi Ara

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UAE leads in digital banking in Mena

The UAE is now leading the Middle East and North Africa (Mena) region in digital banking with an impressive 16.4 per cent penetration, according to a report by Al Masah Capital Limited. The report is titled "Digital Banking -

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Gas output to boost Oman’s GDP next year: NBK

Oman’s economic growth will slow to just 0.3 per cent this year – its weakest since 2011 – on the back of a drop in oil output, before recovering to 2.8 per cent in 2018 as gas production expands and the non-oil economy steadie

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Gas output to boost Oman’s GDP next year: NBK

Oman’s economic growth will slow to just 0.3 per cent this year – its weakest since 2011 – on the back of a drop in oil output, before recovering to 2.8 per cent in 2018 as gas production expands and the non-oil economy steadie

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Emirates Islamic launches new mobile banking app

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced its new mobile banking app. The launch is one of the initiatives under Emirates Islamic’s digitalisation drive to address the gr

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UAE’s $144bn Islamic bank assets ‘will boost Halal sector’

The UAE’s Dh528.6 billion ($144 billion) Islamic banks’ assets will help fuel the growth of the country’s Halal sector, according to research conducted by Orange Fairs and Events, organisers of the Halal Expo Dubai, which opens

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Dubai gears up for Middle East's top banking summit

The seventh Annual Middle East Banking Innovation Summit, with Mada by Saudi Arabian Monetary Authority as lead sponsor, is less than a month away. Organised by global conference producers, Expotrade, the two-day event will be hel

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Global corporates urge banks to use Swift gpi

Six leading Swiss corporates with international operations - including ABB, Nestle, Roche, SBB, Swiss Re and Wurth – have issued an open letter, stating their support for the Swift global payments innovation (gpi) and encouraging banks wor

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GIB wins retail banking licence in Bahrain

Gulf International Bank (GIB), a leading bank in the Middle East region, said it has been granted a conventional retail banking licence by the Central Bank of Bahrain. Bahrain-based GIB is owned by the governments of the six GCC c

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