Tag Archives: Finance

Beehive channels over AED 12 million ($3m) finance to more than 25 SMEs in the UAE

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UAE’s first peer-to-peer finance platform marks industry milestone in only 8 months Businesses saved up to 30% on their cost of finance on average Beehive empowers SMEs to expand, recruit more staff and refinance existing debt Beehive, the UAE’s leading online marketplace for peer-to-peer finance, announced it has facilitated over AED 12 million ($3m) in finance for more than 25 ...

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QNB Launches the Chinese “Clearing Hub in Qatar

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An important development in its Asian Continent Expansion Strategy QNB , “One of the World’s Strongest Banks”, has given its full support and will further explore potential opportunities arising from the establishment of the first Middle East “Clearing Hub” for Chinese Currency launched in Doha. The Qatar Central Bank ( QCB ) initiative was celebrated yesterday at an official opening ...

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ADIB Egypt Named Best Commercial Bank in Africa

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Abu Dhabi Islamic Bank (ADIB) Egypt was recently named the “Best Commercial Bank in Africa” for the first time by the prestigious Islamic Business and Finance (IBF) Awards 2014 amidst fierce competition with the participation of many Islamic institutions. IBF is one of the most renowned banking and economic publications offering annual awards to recognize Islamic banks and financial institutions ...

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Are COOs in the Middle East ready to adapt to the changing Operational challenges?

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The 10th Annual OPEX kicks off in Dubai, UAE. The most awaited COO event of the year – 10th Annual OPEX 2014 kicked off today at the Habtoor Grand Beach Resort & Spa Hotel, Dubai, U.A.E. OPEX is the longest running financial COO event in the Middle East. Celebrating its 10th Anniversary, in the presence of more than 100 attendees, ...

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ZTE launches innovative payment solutions

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Phone point-of-sale, photonic and Digital TV payment solutions launched by ZTE at GITEX exhibition in Dubai   ZTE Corporation (“ZTE”) (H share stock code: 0763. HK/A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, has launched a range of innovative payment solutions including phone POS (point of sale), photonic and DTV (Digital ...

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CrediMax Wraps Up Summer Internship Program

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CrediMax , the pioneering credit card issuer in the Kingdom of Bahrain, recently hosted a number of students from the University of Bahrain (UOB) as part of its ongoing summer internship program. “The internship program is a part of CrediMax ‘s long-term strategy aimed at molding the future generation through an integrated training program by training and nurturing university students. ...

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Citi Named Winner in Global Finance Magazine’s Awards for “World’s Best Internet Bank 2014″

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Bank wins 14 awards in regional and country categories for the MENA region Dubai – Citi announced today that it has won 14 awards in regional and country categories in Global Finance magazine’s 2014 World’s Best Corporate/Institutional and Consumer Internet Banks competition for the Middle East and North Africa region. Country winners for Citi include branches in Algeria, Bahrain, Kuwait, ...

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Growth of the financial services sector in Africa provides a great opportunity, says DHL

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Retail banking in Sub-Saharan Africa (SSA) is projected to grow at a compound annual rate of 15% between now and 2020 DHL (http://www.dpdhl.com) are seeing robust growth from their financial services customers in Africa and while the banking sector continues to play a significant role in economic development for the continent, the sector also fueled DHL’s expansion into Africa in ...

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Cameroon issues Treasury bills again for 5 billion FCfa on BEAC

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(Business in Cameroon) – According to a press release by the Central African States Bank (BEAC), the Cameroonian government began the issuance of Treasury bills on March 12, 2014 for a total of 5 billion FCfa. The results of this auction sale are pending. Since the start of the year, Cameroon’s Treasury Department has had back-to-back record subscriptions on the ...

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DFM signs up for Gold partner of CBL International’s educational programs in Dubai

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The two sides ink Memorandum of Understanding defining key areas of cooperation Dubai, February 26th 2014: Dubai Financial Market ( DFM ) today announced it has signed a Memorandum of Understanding (MoU) with CBL International Education – partnership outlining key areas of cooperation. Through this MoU, DFM became the Gold partner of all academic programs of CBL International in Dubai. ...

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