Business

Egypt’s CIB progresses plans to launch digital bank

Bank executive says digital banks are key to bringing around 45 million eligible Egyptians into the formal banking sector One of Egypt’s biggest banks, Commercial International Bank (CIB), is pressing ahead with plans to create a digital bank, in a bid to tap into the huge numbers of the country’s population that remains unbanked and bring them into the formal …

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SettleMint & Centurion announce partnership to bring Blockchain technology to the MENA region

SettleMint & Centurion are pleased to announce their partnership to enable SettleMint’s cutting edge Blockchain technology to Centurion&Co’s impressive list of clients in the MENA region. The combination of SettleMint’s technology and Centurions expertise in Fintech, Blockchain and Digital Transformation in the region will be leveraged to support Government, Telecom, BFSI and Healthcare in the realization of their Blockchain projects. …

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Apple, Salesforce team up to bring Siri to more business apps

Apple and Salesforce both have huge ecosystems of third-party software developers. Apple Inc and Salesforce.com Inc are entering a partnership in which the iPhone maker will help Salesforce build the iPhone maker’s features such as its Siri voice assistant deeper into Salesforce’s own mobile apps, which are widely used in the sales and marketing industries. In exchange, Salesforce will make …

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Careem partners with Rehlat to provide new services

Rehlat’s partnership with cab aggregator Careem will allow users to not only book flights and/or hotels but also cabs Mubasher: The Dubai-based Careem has signed a partnership agreement with Rehlat, an online travel company in the Middle East, which gives customers access to Careem service directly and flawlessly through Rehlat App. Aiming to offer the first-and-last-mile connectivity, Rehlat’s partnership with …

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All about the green: UAE’s wealthy more likely to invest sustainably

Zawya Express presents the top story, topic or trend highlighted by our editorial team as recommended weekend reading Wealthy individuals from the United Arab Emirates are more likely to place a part of their portfolio in sustainable investments than their global counterparts, according to Swiss investment bank UBS. The bank’s latest UBS Investor Watch report issued on Thursday found that …

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Softbank, Mubadala aim to bring investee companies to UAE and Saudi Arabia

Softbank Investment Advisers says “number one goal” of new office is to bring portfolio companies to the region The head of investment giant Softbank’s new Middle Eastern offices has said that its new regional bases in Abu Dhabi and Riyadh will be used to bring some of the portfolio companies within its $100 billion Softbank Vision Fund to the region. …

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OneGram lists Islamic cryptocurrency on its own virtual exchange

The company claims that its cryptocurrency adheres to sharia directives Dubai-based OneGram Group has listed a cryptocurrency it bills as sharia-compliant on the company’s virtual exchange and is planning additional listings in coming months, its chief executive said on Tuesday. The company claims that its cryptocurrency adheres to sharia directives as each OneGram unit is backed by physical gold stored …

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JadoPado founder drops plans for Middle East crypto exchange

Omar Kassim says regulators, banking sector and decline in crypto asset values made establishing BitPado as a profitable business would be a struggle Omar Kassim, the digital entrepreneur who sold e-commerce site JadoPado to competitor noon last year, has halted plans to create a new cryptocurrency exchange in the United Arab Emirates. Kassim had announced plans to launch a new …

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Jobs in UAE: Banks hire 760 employees in 2018

Local banks increased their hiring while foreign banks reduced the number of employees. UAE banks added 760 employees in the first seven months of this year despite decrease in the number of branches, official figures showed. According to the Central Bank data, local banks increased hiring while foreign banks reduced number of employees during January to July period. In total, …

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MIDEAST STOCKS-Gulf outperforms emerging market slump, late sales hit Saudi

Big banks boost Abu Dhabi and Qatar Gulf stock markets mostly rose on Monday, outperforming emerging markets globally, though Saudi Arabia closed lower because of a wave of selling in the final hour. MSCI’s emerging market index was down 0.9 percent. Gulf markets have been weakened by the global downturn but many fund managers think that with Brent oil above …

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