Monday 24 July 2017

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


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


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.


Sharp fall in Mideast business confidence

Business confidence across the Middle East has fallen sharply in the last quarter and is now at its lowest level since the second quarter of 2016, according to the latest edition of the Global Economic Conditions Survey (GECS). The region is also likely to face further challenges


UAE banks group launches customer service drive

The UAE Banks Federation (UBF) has announced that it has secured the support of the Central Bank for its initiative that aims to develop a unified framework to handle customer complaints, a report said. The UBF is a professional body representing 48 member banks operating in the


Saudi economic reforms win IMF praise

The International Monetary Fund (IMF) has commended Saudi Arabia’s economic reform programme, under the Kingdom’s vision for 2030, which has made considerable progress in launching an ambitious reform agenda while financial control efforts have begun to bear fruit.  


KPMG Bahrain launches online ‘Learning Hub’

KPMG, a global network of professional services firms providing audit, tax and advisory services in Bahrain, has launched its new corporate training portal which offers online training modules to organizations across all sectors, helping them to prepare for and meet the challenges of operating


DGCX wins key Abu Dhabi regulatory nod

The Dubai Gold and Commodities Exchange (DGCX) and its subsidiary, Dubai Commodities Clearing Corporation (DCCC) have been recognised as a remote exchange and clearing house by the Financial Services Regulatory Authority (FSRA), the regulatory authority for the Abu Dhabi Global Market (ADGM).


Kuwait's trade surplus with Japan up 46pc

Kuwait's trade surplus with Japan expanded by 46.1 per cent from a year earlier to 25.6 billion yen ($228 million) in July, up for the sixth month in a row, thanks to brisk exports, said state news agency Wam citing data from Japanese Finance Ministry. Kuwait’s overall


Burgan Bank's H1 net income up 24pc

Kuwait-based Burgan Bank Group has registered a 24 per cent jump in its net income for the first half of 2017 which soared to KD39 million ($128 million) from last year's KD31.4 million ($103.5 million). Announcing the earnings for the first six months, Burgan said the select

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