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Banking and Finance

Banking and Finance latest

KIB signs strategic partnership with Al Muzaini Exchange to launch multi-currency prepaid cards and a specialized digital app
December 18th, 2025 - 03:46 GMT

KIB signs strategic partnership with Al Muzaini Exchange to launch multi-currency prepaid cards and a specialized digital app

Kuwait International Bank (KIB) and Al Muzaini Exchange announced the signing of a strategic partnership agreement to launch a new program for Al Muzaini’s multi-currency prepaid cards, along with the development of a specialized branded digital application, all under the ‘BIN’ program sponsored by KIB. The announcement was made during a recently held press conference as part of KIB’s ongoing efforts to drive digital innovation and expand the Banking as a Service (BaaS) model in Kuwait, keeping pace with rapid developments in the fintech sector and meeting the growing demand ...
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UK Financial Secretary to the Treasury Sajid Javid told reporters at the World Islamic Economic Forum that GIFIG will include members from key Islamic finance centers, such as the central bank governors from Kuwait, Bahrain, Qatar, UAE, the UK and Malaysia (Courtesy of the Telegraph)
November 6th, 2013 - 09:16 GMT

Is the UK the next leader in Islamic finance? British treasury establishes Islamic finance monitoring group

Nimish Dwivedi, Head of Payments, Mashreq
November 6th, 2013 - 07:34 GMT

Mashreq launches innovative Easy Cheque solution to pay anyone, anywhere

For the first time since the civil war began, the Syrian Pound has made gains against the US Dollar. (Image credit: Shutterstock)
November 6th, 2013 - 05:57 GMT

Why the Syrian Pound surged against the US Dollar last week

Qatar's Ministry of Finance hopes the new borrowing rules will prevent spending splurges that could lead to a nationwide economic crisis similar to Dubai's 2009-2010 crash (Courtesy of Global Arab Network)
November 5th, 2013 - 03:01 GMT

Attention all Qatari companies with 'significant' government shareholdings: these new borrowing rules are for you

mprovements are driven by the development of Qatar’s infrastructure, increased availability of financing, as well as further improvements in its already strong policies on tax and trade (Pictured: Doha City)
November 5th, 2013 - 02:54 GMT

With no common GCC currency in sight, Qatar ‘set to keep’ peg with dollar

Al Bawaba
November 5th, 2013 - 08:52 GMT

First Gulf Bank lucky customer wins AED 1 Million

Al Bawaba
November 5th, 2013 - 07:24 GMT

ADIB launches capital-protected silver notes

The economic climate and investor sentiment has improved in the GCC. (Image credit: Getty)
November 5th, 2013 - 06:47 GMT

In sharp turnaround, Dubai Financial Market reports impressive profit for Q3 2013

Morsi and 14 other senior Islamists and Muslim Brotherhood figures are standing trial on charges of inciting violence and murder at the Ittihadiya presidential palace clashes in December 2012.
November 5th, 2013 - 04:55 GMT

Egypt's stock market upbeat despite Morsi Trial

UAE's Central Bank is imposing the new bank exposure rules in December in order to ensure that the country avoids future corporate debt crises similar to Dubai's most recent economic meltdown (Courtesy of the Business Recorder)
November 4th, 2013 - 11:14 GMT

New UAE bank exposure rules scheduled to take effect in December

Emirates Islamic Bank
November 4th, 2013 - 08:22 GMT

Emirates Islamic Bank launches GCC currencies remittance campaign

Before the growth of the SADAD system, many individuals paid a huge percentage of their bills in cash at bank branches. The electronic billing system has cut down the government's losses from using a manual, cash-based system (Courtesy of Saudi Lifestyle)
November 4th, 2013 - 07:32 GMT

Saudi Arabia's electronic bill payment system SADAD ranked second largest globally

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