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Fund transfers between UAE banks amounted to AED6.307 trillion in eight months

Fund transfers between UAE banks amounted to AED6.307 trillion in eight months

(WAM) -- The total value of fund transfers among the UAE's banks amounted to AED6.307 trillion during the first eight months of 2020, according...
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Consortium of Global Multilateral Development Banks Calls for Measures to Support Trade Continuity in Sub-Saharan Africa

Consortium of Global Multilateral Development Banks Calls for Measures to Support Trade Continuity in...

The report issued by a consortium of multilateral development banks and trade research institutions, recounts the views of sub-Saharan banks on multi-lateral development banks’...
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Mastercard Announces Fintech Express to Empower MEA Fintechs to Launch and Expand Rapidly

Mastercard Announces Fintech Express to Empower MEA Fintechs to Launch and Expand Rapidly

Mastercard has launched Fintech Express in the Middle East and Africa, a program designed to facilitate emerging fintechs’ launch and expansion. Leveraging the power...
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Israel and UAE Focus First on Banking, Finance at Peace Talks

Israel and UAE Focus First on Banking, Finance at Peace Talks

(Bloomberg) -- Israel and the United Arab Emirates agreed to advance cooperation in banking and finance in the first protocol of understanding signed since the...
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Sink or swim? Digital transformation through collaboration has never been more vital

Change is the only constant in life. Never has this been more apparent than during the Covid-19 outbreak. In the financial services space, change...
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Billionaire BR Shetty Steps Down From NMC Health Board

In an interesting twist to the financial quagmire NMC Health is already in, BR Shetty, its founder and chairman, has stepped down from the...
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Sohar International rights issue oversubscribed; Tier 1 capital raised by OMR40m

Sohar International recently announced the successful closure of its rights issue with an oversubscription. This raises its Tier 1 capital by OMR 40m. In spite...
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Bank Nizwa reports 64% growth in net profit for Q2 2019

Bank Nizwa has reported OMR 4.3 million in net profit representing a 64% growth after tax for the period ended 30 June 2019, making...
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DIFC Strengthens Leadership Team to Drive Vision for Future Growth

-        Strategic appointments and promotions focus on digital transformation and innovation -        Aims to develop and support the succession of Emirati talent, in line with...
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Sohar International Introduces New Prize Scheme For Minor Accounts

Expounding on creative saving habits at a tender age, and reflecting Sohar International’s purpose of helping people ‘win’, the bank continues to offer innovative...
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