Monday 1 May 2017

BAB to launch sign language dictionary

Bahrain Association of Banks (BAB) has announced plans to launch a unified dictionary for banking terminologies in sign language, to help the deaf and dumb to deal with banks and make transactions easily. The BAB move comes following the Central Bank of Bahrain (CBB) proposal to


Emirates Digital Wallet set for launch in Dubai

Emirates Digital Wallet, a unique platform established by 16 of the UAE’s leading banks, will be formally launched at the Seamless Middle East conference on Dubai, UAE on May 1 and 2. Emirates Digital Wallet paves the way for cashless spending, transfer and storage of money


Arab Bank Group Q1 net profit tops $218m

Arab Bank Group has reported a net profit after tax of $218.2 million during the first quarter (Q1) of the year as compared to $218.3 million in Q1 2016. Net operating income before provisions and taxes reached $290 million driven by growth in the underlying core banking revenue.


10 French firms to take part in Seamless fintech show

The French Pavilion at the Seamless Middle East 2017, opening in Dubai tomorrow (May 1),  will host 10 French exhibitors specialising in financial technology (fintech) sector, smartcards and retail. Business France, the national agency supporting the international developmen


Epic to showcase latest fintech products at Seamless

Epic Technology Group, an innovative provider of financial technology (fintech) solutions, is set to demonstrate its latest financial technology solutions at Seamless Middle East, Dubai, this week. The exhibition and conference for eCommerce and secure payments will be held at the Dubai


Oman - seeking policy credibility

Oman’s US dollar peg remains challenged by the large but narrowing twin deficits, said the Global Economic Weekly report published by Bank of America Merrill Lynch (BofAML). “Delivering on budget targets is critical. This is particularly the case as the supply pipelin


48pc GCC residents prefer e-shopping, says survey

The e-commerce sector is poised for solid growth with about 48 per cent of GCC residents stating that they prefer to shop online, but payment security is still a concern for majority of them, according to a new survey. The recent YouGov survey was commissioned by Seamless Middle


DIFC signs deal with Mumbai metro authority

Dubai International Financial Centre (DIFC), a leading international financial hub in the Middle East, Africa (MEA) and South Asia region, has signed an agreement with Mumbai Metropolitan Region Developmental Authority (MMRDA), an urban town planning and development authority established by the


Dubai Islamic Bank unit wins Kenya licence

Dubai Islamic Bank,  the largest Shariah compliant lender in the UAE, said its Kenyan subsidiary, DIB Bank Kenya, has been granted licence by the central bank to carry out operations in the east African nation. With this approval, DIB Bank Kenya has become the third fully Sh


Dafza inks strategic Arab e-commerce deal

Dubai Airport Free Zone Authority (Dafza) said it has signed an agreement with the Arab Union for Electronic Commerce to  exchange knowledge and expertise in the digital economy and electronic e-commerce through exchange and participation in the preparation of joint studies and reports r

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