Tuesday 26 September 2017

IPS signs deal for SmartVista payment platform

Bahrain-based International Payment Services, a third-party payment processing company, has signed a purchase agreement with BPC Banking Technologies, a leading provider of open system e-payment solutions for the global financial industry, for its payment processing platform SmartVista. 


Fewa, Al Fardan sign strategic partnership

UAE's Federal Electricity & Water Authority (Fewa) recently signed an agreement with Al Fardan Exchange, a leader in the UAE remittance market, to improve customer experience and provide seamless payment solutions across the country. Shaikha Murad Abdullah Karam, director


DMCC signs strategic deal to boost China ties

Dubai Multi Commodity Centre (DMCC) has signed a partnership agreement with the Xi'an International Trade and Logistic Park at the Xian Dubai Free Trade Zone Economic Cooperation Conference 2017 in China. The Memorandum of Understanding (MoU) sets out to open doors for busine


Mastercard appoints new country manager for Saudi Arabia

Mastercard, a leading technology company in the global payments industry, has announced the appointment of J K Khalil as the company’s country manager for Saudi Arabia. With his extensive experience and in-depth knowledge of the local market, Khalil will be in charge of promoting


Impact Investing: do good and do well

The need is immense in terms of infrastructure, jobs and capacity building in our neighbourhood.  Impact investments  provide both ROI as well as the social return, writes Shainoor Khoja, MD, Foundation Holdings’ Value Healthcare Platform, in an article to Trade


Abraaj Group appoints Kito de Boer as managing partner

The Abraaj Group, a leading investor operating in global growth markets, has announced the appointment of Kito de Boer as managing partner. De Boer has over 30 years’ experience across diverse geographies and sectors. In 2014, de Boer was appointed by


UAE listed firms give $8.8bn in dividend, bonus

Cash dividends and bonus shares to the tune of Dh32.5 billion ($8.8 billion) have been distributed by 79 companies listed at Abu Dhabi Securities Exchange and Dubai Financial Market for Fiscal Year 2016, a report said. Distribution of such big gains goes in line with the listed c


UAE-Iraq trade touches $7 billion in 2016

Total value of two-way trade between the UAE and Iraq stood at nearly Dh26 billion ($7 billion) in 2016, making Iraq one of the key export markets for UAE, with re-exports accounting for Dh12.3 billion of the total value of trade, said the Federation of UAE Chambers of Commerce and Industry.


DFSA inks partnership deal with Lebanon’s CMA

The Dubai Financial Services Authority (DFSA) said it has signed an agreement with Lebanon’s Capital Markets Authority (CMA). The MoU will enhance information sharing and co-operation on supervisory issues, further extending the existing relationship between the two markets


CBD strengthens executive team with new Emirati GMs

As part of its strategy to enable UAE nationals to take up senior management positions, Commercial Bank of Dubai has announced the promotion of several senior Emirati executives. Othman Bin Hendi has been appointed as general manager, Corporate Banking. Bin Hendi joined the bank in 199

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