Tuesday , 24 October 2017
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Tag Archives: Banks

MIDEAST STOCKS-Banks pull Qatar higher, big Mobily loss weighs on Saudi

Banks pulled Qatar’s stock market higher in early trade on Monday while Saudi Arabia’s market edged down after a string of second-quarter earnings, with telecommunications firm Mobily plunging on a bigger-than-expected loss. The Qatari index added 0.4 percent as Qatar National Bank climbed 1.0 percent and Masraf Al Rayan rose 0.8 percent. Qatar International Islamic Bank gained 1.4 percent after …

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Leading Arab banks to participate in SWIFT’s annual global financial services event

More than 200 delegates and exhibitors will represent the Arab community at Sibos 2016 to discuss the future of the financial services with industry peers from around the world. SWIFT, a member-owned cooperative and global provider of secure financial messaging services, announces today that more than 200 delegates and exhibitors from the Arab region will take part in Sibos 2016, …

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Doha bank achieves strong performance ratios

His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank, announced Doha Bank’s financial results for the first half of 2016. Net profit for the first half of 2016 recorded QAR 708 million despite the sharp decline in the oil prices in the Gulf area and the challenges that face the financial …

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What will be the Uber of the banking sector?

Disruptive technology is the big buzzword in the business world right now. TripAdvisor has revolutionised the travel sector, Airbnb has opened up the room renting market and Uber has turned the taxi business on its head. None of these companies own major assets or infrastructure, but they have changed how their industries work and rewarded their inventors with sizeable fortunes, …

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Aging IT is the biggest threat to banks today

Innovative banking solutions provider to reveal what banks need to do to stay profitable in the age of digitization at the Banking Technology Summit this month. Cairo, Egypt, Banks’ aging IT environment is inappropriate to today’s banking challenges, according to banking solutions provider Temenos. Speaking ahead of the 4th Annual Banking Technology Egypt Summit, set to take place in Cairo …

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Mobile Money catching on worldwide as banks join the action

Connected World Forum in Dubai largest industry gathering More than 1000 mobile money industry experts and speakers as well as 70 global technology providers will gather for the annual Mobile Money Global Summit & Expo as part of the Connected World Forum in Dubai in November. Mobile Money Global’s director Stuart Barker says the event is focussed on providing a …

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Telecom Operators and Banks Should Partner for Successful Mobile Financial Services Platforms

Delta Partners, the leading TMT advisory and investment firm today released a new white paper entitled “Mobile Financial Services: A fading opportunity for mobile operators”. Mobile financial services (MFS) include M-Payments, M-Banking and M-Insurance. The whitepaper explores the harsh reality of rolling out successful MFS platforms for mobile operators and identifies potential collaborative models for capturing this rapidly fading opportunity. …

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