Thursday , 14 November 2019

Tag Archives: Finance

Muzn Islamic Banking promotes quality education through education finance

Muzn Education Finance is based on the Islamic principle of Service Ijarah. Muzn Islamic Banking recently launched its Muzn Education Finance to assist aspiring individuals to achieve their educational goals. An affordable and Shariah compliant product, students can now get financing for college and university degrees and diplomas in addition to short term educational programs offered by local and international …

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National Bank of Fujairah partners with Fintech Galaxy

Fintechs which participated NBF’s challenge presented solutions for account aggregation and instant settlement and digitisation for the Murabaha process National Bank of Fujairah (NBF) has announced its partnership with Fintech Galaxy, a fintech digital crowdsourcing platform. Recently the bank participated in the MENA Fintech hackathon organised by Fintech Galaxy, which brought together the region’s leading banks, regulators, industry experts and …

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RAKBANK partners with Mastercard to boost e-commerce growth for UAE SMEs

RAKBANK SME customers will now be able to create an online store, accept online payments, manage invoices and prevent fraud The National Bank of Ras Al Khaimah (RAKBANK) today announced its partnership with Mastercard, a technology leader in the global payments industry, to make online payments for Small Medium Enterprises (SMEs) safe, simple and smart. The partnership is a push …

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Surface Design Middle East to equip MENA design sector market worth $336bln

· UAE is the region’s most advanced market with eCommerce sales projected to hit AED 59 billion in 2019 and grow at an average of 23% annually between 2018 and 2022 · eCommerce sales and growth in the country higher than regional average and par with major international markets · Government policy, startups and tech-savvy consumers expanding eCommerce and tech …

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MENA summit to rewrite the future of HR

The 5th Annual HR Tech MENA Summit returns this year with MetLife, one of the world’s leading financial services companies and a pioneer of innovative employee benefits in the UAE, to discuss latest technology trends, innovations and disruptive ideas that are changing the workplace. With an aim to achieve workplace wellbeing and excellence and pave the journey for digitization and …

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Can banks do more to support SMEs in the UAE?

SMEs are the backbone of the UAE’s economy, accounting for around 94%of businesses in the country Against a backdrop of geopolitical and economic instability, the financial services industry has a crucial role to play in helping SMEs navigate a challenging climate. Beyond simple financing products, banks can support SMEs by providing a broader range of tools to enable them to …

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Third MEA FinTech forum launched

Central Bank of Bahrain Governor Rasheed Al Maraj yesterday called for developing a practical approach to finding the right balance between enabling innovation and protecting the financial system. Speaking during the third Middle East and Africa FinTech Forum, Al Maraj warned: “We cannot sit idle and not provide the leadership and innovative thinking that this industry needs to grow.” He …

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Bahrain Fintech Bay: RegFact conference hailed a success

The event brought together local and global regulators, policy makers and policy advocates RegFact 2019 was held yesterday at the Diplomat Radisson Blu under the patronage of the Central Bank of Bahrain. The event brought together local and global regulators, policy makers and policy advocates in the regulatory technology industry, and 250 delegates from various financial and governmental sectors in …

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Release of the IMF Departmental Paper on Scaling up Access to Finance for Small and Medium Enterprise in the Middle East and North Africa

Discussions will focus on how small and medium-sized enterprise financial inclusion is at the core of the economic diversification, growth, and job creation challenges many countries are facing The International Monetary Fund (IMF) will launch its departmental paper entitled Scaling up Access to Finance for SMEs in MENA in a seminar which will take placeat the American University in Cairo, …

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INTERVIEW: RAKBANK CEO still sees value in serving SMEs

Peter England says bank now works more closely with small and medium-sized firms, rather than “just throwing money at them” When RAKBANK published its preliminary financial results last week, its 13 percent increase in annual profit was attributed to the lender trimming provisions for loan impairments. That reduction – of 131.8 million United Arab Emirates dirhams ($35.9 million) – helped …

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