Finance & Banking

FEATURED REPORT...
Posted: 11-08-2011
UAE. Dubai state companies are securing bank financing as the latest tumult in global markets fails to derail the emirate's recovery from the 2009 debt crisis. Dubai Holding LLC, one of the three main state-owned holding companies, reached an accord with lenders to extend a US$1.16 billion loan to December 2016, according to a company official. Port & Free Zone World FZE, an intermediate holding company for port operator DP World Ltd. (DPW), is raising US$850 million to refinance debt, three bankers familiar with the plan said. Investment Corporation of Dubai said on August 8 it will rep
Posted: June 14, 2019
EQUATORIAL GUINEA. In 2018, the Bank earned US$214 million in allocable income, 48% of which has been reinvested in the institution to reinforce reserves and its business growth capacity.
Posted: June 14, 2019
EQUATORIAL GUINEA. Central Africa's real income could increase by as much as 7% in one of the scenarios that researchers describe in the 2019 African Economic Outlook.
Posted: June 13, 2019
SAUDI ARABIA, Improving revenues demonstrate impact of strategic growth plan; Company adding credit cards to its product range and expanding in SME financing.
Posted: June 13, 2019
EQUATORIAL GUINEA. The Awards, held annually on the fringes of the Annual Meetings of the African Development Bank, have established themselves as the Oscars of African banking.
Posted: June 13, 2019
UAE. The agreement was signed during an ICD official visit to Uzbekistan as part of its mandate to explore development opportunities.
Posted: June 13, 2019
UAE. Acquisition extends the Entrust Datacard portfolio to include general purpose hardware security module offering that provides enhanced cloud, data security, compliance and payments capabilities.
Posted: June 13, 2019
UAE. Mashreq bank engaged Newgen to introduce a QR code-based remittances for its retail and corporate banking operations to optimise processing of payment cases initiated from branch channel.
Posted: June 13, 2019
UAE. Cyber-crime is one of the biggest risks to businesses to date and globally its estimated costs will reach US$6 trillion by 2021.
Posted: June 12, 2019
UAE. The program is being rolled out initially to the bank's Priority Banking and Business Banking relationship management teams.
Posted: June 12, 2019
UAE. First of its kind cross-border B2B payments network streamlines payments and delivers rich set of data for financial institutions and their corporate clients.
Posted: June 12, 2019
UAE. As part of its first action as a member, the FSRA welcomes and supports the recommendations made in a report, “A call for action Climate change as a source of financial risk."
Posted: June 12, 2019
UAE. Greenstone will be able to carry out fund placement activities for its clients by registering funds with the SCA and providing international and local investment options for institutional and non-institutional investors in the UAE.
Posted: June 12, 2019
UAE. Establishes co-innovation partnership focused on AI and machine learning solutions for distributed energy resources.
Posted: June 12, 2019
LONDON. ADM Energy plc, an oil and gas investing company quoted on AIM, is pleased to announce that His Highness Shaikh Ahmed Bin Dalmook Al Maktoum, has been appointed President of ADM Energy in a non-Board role.
Posted: June 12, 2019
UAE. Every AED 5,000 maintained monthly in their account gives a chance to win the grand prize.

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: June 14, 2019
INTERNATIONAL. thyssenkrupp Materials Services relies on Microsoft for in-house solution development; AI as an essential component of the holistic digitalization strategy; Customers benefit from individualized offers and more efficient processes.
date:Posted: June 13, 2019
UAE. Cyber-crime is one of the biggest risks to businesses to date and globally its estimated costs will reach US$6 trillion by 2021.
date:Posted: June 12, 2019
UAE. Millions of files that are sitting out in the open across various file storage technologies are actually encrypted by ransomware; The analysis detected many files containing highly sensitive information.
INTERNATIONAL. thyssenkrupp Materials Services relies on Microsoft for in-house solution development; AI as an essential component of the holistic digitalization strategy; Customers benefit from individualized offers and more efficient processes.