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Tag Archives: Finance

CEO Underlines Importance of SMEs, Banking Technology

KFH Sponsors Youth Empowerment Symposium CEO at Kuwait Finance House (KFH) , Mazin Saad Al-Nahedh will underline the importance of the youth’s role in achieving development and improving the capacity of the society as the youth represents the greatest segment of citizens in Kuwait. This will be during his participation in a discussion panel at the Youth Empowerment Symposium in …

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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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Salary increases in the GCC’s fastest growing economy

Latest data from global management consultancy Hay Group reveals that salaries in Qatar have increased, despite volatility of oil prices and uncertainty in global markets. Salary movements Salaries across Qatar have increased by an average of 4.2 per cent in 2015 – slightly lower than the 5.0 per cent, which was forecast in 2014, before the fall in oil prices. …

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IDB Board of Directors Approve Nearly US $895 million for New Development Projects

The Board of Executive Directors of the Islamic Development Bank (IDB) at its 307th meeting that ended on Monday, 5 October 2015, approved nearly US $ 895 million to contribute towards new development projects in IDB member countries, namely; Togo, Benin, Chad, Bangladesh, Burkina Faso, Guinea, Côte d’Ivoire, Pakistan, Suriname, and Cameroon. The Board also approved seven grants and special …

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Visa Signature Business Card introduced in Jordan

The unique payment solution for small and large businesses is designed to streamline corporate purchases, increase savings and simplify operations. Amman, Jordan – In response to accelerating business growth in Jordan, Visa Inc. (NYSE:V), a global payments technology company, has launched a unique corporate product in the Kingdom – the Visa Signature Business Card – that is designed to enhance …

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Over 30 Qatari SMEs Shortlisted to Tender for Seven Business Opportunities Offered by QDB & Qatar Shell

Successful SMEs set to be awarded with contracts in December. Over 30 Qatari Small and Medium Enterprises (SMEs) have been shortlisted to tender for seven specific business opportunities offered by Qatar Development Bank (QDB) and Qatar Shell . The successful SMEs will become part of the supply chain for Pearl GTL, the world’s largest gas to liquids plant delivered by …

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University of Salford partners with Bahrain Institute of Banking and Finance

The University of Salford, UK, has entered into a new partnership with the Bahrain Institute of Banking and Finance ( BIBF ) to launch a number of collaborative academic initiatives for the Kingdom of Bahrain and the UK. The two institutions have signed a Memorandum of Understanding (MoU) that will see the University become a BIBF academic provider of choice. …

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5th Annual Middle East Banking Innovation Summit begins today

The 5th Annual Middle East Banking Innovation Summit 2015, with Visa as the Title sponsor got underway in the city today. Organized by global conference producers, Expotrade, the two-day summit, in its fifth year now, is widely regarded as the region’s most distinguished banking technology conference. As a one-of-its kind summit in the region, it provides a cross-industry perspective on …

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Citi Continues Building High-Tech Smart Ecosystem in the UAE

Local UAE Consumer Team, Anil Wadhwani, Head of Citi’s Consumer Bank in EMEA, Dinesh Sharma, Citi’s Consumer Banking Head, in the Middle East, Susan Gail Shakespeare, EMEA Finance Head and Amandeep Sandhu, Head of Digital Banking & Transformation Office, Consumer Banking, Citi Middle East. Situated in The Dubai Mall Citi’s second Smart Location Makes Banking Better, Faster and Simpler. Citi …

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

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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