Monday 24 July 2017
 
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Emirates NBD to offer clearing services to Delma Brokerage

Emirates NBD, a leading bank in the region, today announced the signing of an agreement to offer clearing services to UAE-based Delma Brokerage, making the brokerage firm the first non-affiliate trading member to sign with the bank. Emirates NBD is currently the first UAE-based f

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DubaiPay generates over $3.2bn in one year

Smart Dubai’s DubaiPay portal for payment online and via smartphones registered a 15 per cent increase in the amounts collected between June 1, 2016 and June 1, 2017, generating Dh12 billion ($3.26 billion). The more than 10 million transactions marked a surge of 13 per cen

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Dubai set to become world’s first blockchain-powered govt

Dubai is fast moving toward achieving its goal of becoming the world’s first government to execute all implementable transactions on blockchain by 2020, an international expert on blockchain has said. “Private sector enterprises, which stand to gain due to potential s

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Ajman DED inspects 1,307 business units in Q2

The Department of Control and Consumer Protection of the Department of Economic Development - Ajman (DED-Ajman) carried out the inspection of over 1,307 businesses in the emirate during the second quarter of 2017. The department was also able to issue 246 violations against busin

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Orpic wins award for LPIC finance deal

Oman Oil Refineries and Petroleum Industries Company (Orpic) has been awarded the Project Finance Deal of the year (2016) award by Trade and Export Finance (TXF) for its Liwa Plastics Industries Complex (LPIC) project finance deal. The award ceremony was held at the Export and Pr

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QNB Group starts operation in India

QNB Group, the largest financial institution in the Middle East and Africa, has recently commenced operations in Mumbai, the economic capital of India. The start of the group’s operations in India comes in support of its vision to become a leading bank in the Middle East, Africa,

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Dubai Chamber members’ trade hits $40bn in H1

The Dubai Chamber of Commerce and Industry said its members’ exports and re-exports grew by 6.1 per cent during the first half of 2017 to Dh146.7 billion ($39.9 billion) , compared to Dh138.3 billion in the same period of last year. It added that a total of 8,900 companies

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Ithmaar wins top payment security certification

Ithmaar Bank, a Bahrain-based Islamic retail bank, has earned a prestigious, internationally-celebrated payment security certification that puts the bank on par with some of the best in the world. The Payment Card Industry Data Security Standard (PCI-DSS) certification was awarde

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Emirates NBD debuts FaceBanking on online platform

Emirates NBD, a leading banking group in the region, today launched FaceBanking, a first-to-market service that will offer the bank’s customers instant video and live chat with advisors on its revamped online banking platform as well on the mobile banking app. FaceBanking i

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UAE bankers launch ‘Service Promise’ initaitive

The UAE Banks Federation (UBF), a professional body representing 48 member banks operating in the emirates, has announced that it has secured support of the Central Bank for its initiative which aims to develop a unified framework for handling complaints of bank customers in the country.

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