Monday 15 February 2016
 
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Qatar banks discuss lower repo rate with central bank

Qatari commercial banks are discussing with the central bank the possibility of reducing its repo lending rate as low oil and gas prices tighten liquidity in the banking system, market sources said on Thursday.  

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UAE economic growth seen at 3.9pc in 2015

Real economic growth in the UAE is estimated at 3.9 per cent year-on-year (y/y) for 2015, as real oil GDP growth continued to be affected by conditions in international energy markets, a report said. A resilient non-oil sector and

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UAE banks told to seek approval for dividends

Banks in the United Arab Emirates have been told to get dividends approved by the central bank before announcing the details of payments to markets and shareholders, four banking sources said on Tuesday. The demand for clearance f

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Bahrain’s SME growth offers big prospects for banks

With the SME sector in Bahrain already contributing 28 percent to GDP, banks have a huge opportunity to offer products to support their growth, a report said. In recent months, banks in Bahrain have recognised the role SMEs play i

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Bahrain’s SME growth offers big prospects for banks

With the SME sector in Bahrain already contributing 28 percent to GDP, banks have a huge opportunity to offer products to support their growth, a report said. In recent months, banks in Bahrain have recognised the role SMEs play i

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Banks to boost spending on payment technology in 2016

Banks across the world are set to significantly increase spending on new payment technology in 2016, according to a new report from Ovum, an independent technology firm. Driven by increased emphasis on security, changing consumer

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Transguard, NCR launch full service ATM solution

UAE-based Transguard Group, a part of the Emirates Group, has signed a partnership agreement with NCR, a leading consumer transaction technology provider, to provide banks across the UAE with the opportunity to streamline their ATM operation,

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Transguard, NCR launch full service ATM solution

UAE-based Transguard Group, a part of the Emirates Group, has signed a partnership agreement with NCR, a leading consumer transaction technology provider, to provide banks across the UAE with the opportunity to streamline their ATM operation,

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Public spending to support GCC banks next year

Public spending will continue to support operating conditions for banks in the Gulf Cooperation Council (GCC), allowing performance to remain resilient into next year, but liquidity will continue to tighten, according to Moody's Investors

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Boost for Bahraini banks as Fitch affirms ratings

Fitch Ratings has affirmed National Bank of Bahrain’s (NBB), Bank of Bahrain and Kuwait’s (BBK) and Arab Banking Corporation’s (ABC) long-term issuer default ratings (IDRs) at ‘BBB-’. Fitch has also affirmed Ahli

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