Wednesday 16 August 2017

Nucleus to showcase fintech at banking summit

Nucleus Software, a leading provider banking solutions, will showcase digital lending and advanced analytics at the upcoming Middle East Banking Innovation Summit 2017 in Dubai, UAE. Nucleus is participating as a gold sponsor at the event which will be held September 18-19 at Sof


Ajman DED completes automation drive

The Department of Economic Development – Ajman (DED-Ajman) in the UAE recently completed its Unified Automation Platform initiative, resulting in automation of its administrative and customer services. The initiative is part of Ajman's Digital Transformation Plan 2017 -


Telr welcomes new senior leadership team

Telr, a leading online payment solution provider in the region has appointed Wisam Fadel as chief technology officer (CTO) and Pretam Raikar, as head of Sales for Telr in the UAE. The new leadership team will play a critical role in supporting Telr’s continual growth strate


ADGM launches platform for financial planning

Abu Dhabi Global Market (ADGM), the international financial centre in Abu Dhabi, has launched the first of its kind Foundations regime in support of more effective structures for wealth preservation and wealth management. The ADGM Foundations regime provides a strategic platform


ENBD enables instant accounts for new salaried staff

Emirates NBD (ENBD), a leading bank in the region, has launched its ‘Advance Account’ facility, which will enable employees of the bank’s payroll customers who are new to the UAE to receive their account number on the first day of employment. The bank is current


$205bn worth of cheques handled in H1: UAE cbank

A total of 15.151 million cheques worth Dh755 billion ($205.5 billion) were handled by the Cheque Clearing System during the first half of the year, UAE Central Bank was quoted as saying in a media report. Bounced cheques since January through the end of June are valued at Dh33.9


110 UAE listed firms post $8.7bn net profit in H1

A total of 110 listed companies in the UAE reported profits worth Dh31.9 billion ($8.68 billion) during the first half (H1) of the year, as compared to Dh32 billion in the corresponding period last year, a report said. The positive financial results announced by national banks fo


Online registration for VAT in UAE from mid-September

An integrated online registration system for tax purposes will be open for businesses effective mid-September 2017, according to the UAE Federal Tax Authority (FTA). The announcement was made at a media briefing by the FTA to highlight all aspects of the FTA's work and the fu


Bank ABC joins global blockchain consortium

Bahrain-based Bank ABC, a leading international banking group in Mena, has recently joined blockchain-inspired consortium headed by R3, a financial innovation firm, headquartered in New York City. The over 80-strong consortium of the world's biggest financial institutions is


GFH acquires $1.2bn portfolio; land bank hits 200m sq ft

GFH Financial Group today announced that it has completed the acquisition of a $1.2-billion infrastructure portfolio in Africa and the Middle East. The acquisition comes as part of GFH’s new strategy approved in the last shareholders’ extraordinary general meeting in

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