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Tag Archives: Finance

Bahrain is about to collaborate with a country to support the FinTech sector, find out who it is

According to the Bahrain Economic Development Board (EDB) Financial Services Executive Director, David Parker, Bahrain is planning on collaborating with Malaysia’s financial sector since both markets are in similar development phases when it comes to the FinTech sector. “We can work on our strengths because Malaysia and Bahrain both have relatively newly implemented policies when it comes to fintech. I …

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Islamic Corporation for the Development of the Private Sector (ICD) highlighted the role of small-and-medium-sized enterprises

Islamic Corporation for the Development of the Private Sector (ICD) highlighted the role of small-and-medium-sized enterprises (SMEs) as engine of growth and sustainable development during the 43rd Annual Meeting of Islamic Development Bank Group. ICD also informed developmental partners on practices and tools to be used for designing SME resilience support programs The Islamic Corporation for the Development of the …

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World Finance Magazine awards Temenos “Best Islamic Banking & Finance Software Solution” at their 2018 Islamic Finance Awards

IslamicSuite, Temenos’ scalable innovative technology, scores highly in both reader votes and judges panel to come out on top at this year’s Islamic Finance Awards The banking software company, today announced that it has won “Best Islamic Banking & Finance Software Solution” in World Finance magazine’s annual Islamic Finance Awards (goo.gl/zPXo9E). Temenos’ IslamicSuite (goo.gl/TuLPJe) was first nominated by World Finance …

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Nasdaq Dubai launches Abu Dhabi, Dubai equity index futures

Nasdaq Dubai’s website showed Dubai index futures, due to expire on June 21, trading at 3,328 on Sunday while the underlying index was down 0.6 percent at 3,310 points. Abu Dhabi index futures were at 4,560 while the index was up 0.2 percent at 4,586 points. Nasdaq Dubai said it was in talks with regional and international financial institutions that …

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UBS names ex-Investcorp exec as Saudi ultra high net worth head

UBS Group has appointed former Investcorp executive, Gabriel Aractingi, as head of its ultra-high net worth business in Saudi Arabia. UBS Group UBSG.S has appointed former Investcorp executive, Gabriel Aractingi, as head of its ultra-high net worth business in Saudi Arabia from February 1, the bank said in an email. Aractingi previously headed the Saudi business for Bahrain-based Investcorp INVB.BH …

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UAE ranked 13th most promising economy for investment

Ranking reflects UAE’s liberal and investment-friendly business policies Staff Writer, Khaleej Times The UAE has been named the 13th Most Promising Home Economy for Investment in 2017-19 according to a survey conducted by the United Nations Council for Trade and Development (UNCTAD) and Investment Promotion Agency (IPA) Observer. The ranking, published in the UNCTAD’s recently released annual World Investment Report …

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UAE and Saudi Arabia forecast to be big markets for IT spending in 2018 – expert

IT spending in UAE expected to rise to $7.7bln this year Image for illustrative purposes. Saudi shoppers spent 4,000 riyals each online last year, according to the government’s Communications and Information Technology Commission. Yasmine Saleh, ZAWYA The United Arab Emirates and Saudi Arabia are forecast to be among the biggest markets for information technology (IT) spending in the Middle East …

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INTERVIEW: JadoPado founder planning cryptocurrency exchange launch

Omar Kassim backs away from blockchain-based real estate venture, citing lack of regional infrastructure Esanjo’s founder Omar Kassim. The new start- up leverages block chain technology to facilitate real estate transactions The founder of the JadoPado e-commerce platform has revealed plans to launch a cryptocurrency exchange. Omar Kassim, who sold JadoPado to regional e-commerce giant Noon last year, told Zawya …

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UAE largest receiver of FDIs in Arab region in 2016: Minister of Economy

Al Mansouri noted that the law will increase allowed percentage of foreign ownership of local investment projects, up to 100% in specified sectors. Panoramic sunset city skyline. UAE law will increase the allowed percentage of foreign ownership of local investment projects, up to 100 percent in certain specified sectors. ABU DHABI- Sultan bin Saeed Al Mansouri, Minister of Economy, has …

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East Africa Islamic Economy Summit 2018 returns to Nairobi, Kenya

Tapping into East Africa’s tech savvy population to drive Innovation and Financial Inclusion ‘East Africa’s fairly developed infrastructure and communication sector, a young educated tech savvy population and their ability to capitalise on technology development provides a great opportunity for the region to lead in the Islamic Finance digital economy’ – Agnes Gitau, GBS Africa (http://GBSafrica.co.uk) elaborating the theme of …

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