January 14, 2018

Bitcoin may be good but it is not most lucrative

Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it is not the most lucrative one and far from alone in a universe that counts 1,400 rivals, and counting.

Dozens of crypto units see"...

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January 13, 2018

Qatar Re opens branch office in London

The QIC Group said that its Bermuda based reinsurance subsidiary, Qatar Reinsurance Company (Qatar Re) has been authorised to carry out certain regulated activities in the UK from its branch office in London.

The QIC Group said that its Bermuda based reinsurance subsidiary,"...

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January 11, 2018

Worldwide semiconductor revenue grew 22.2 per cent in 2017...

Undersupply helped drive 64 per cent revenue growth in the memory market, which accounted for 31 per cent of total semiconductor revenue in 2017.

'The largest memory supplier, Samsung Electronics, gained the"...

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January 9, 2018

GCC banks to see improved financial stability

Banks in the GCC are expected to see improved financial stability in the year ahead, said S&P Global Ratings in a new report.

Barring unforeseen events, 2018 will mark the stabilization of the financial profiles and performance of GCC banks, after two years of significant"...

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January 9, 2018

Emirates NBD and Dynamics Partner to Introduce Wallet Card™...

(AETOS Wire) -- Dynamics Inc. and Emirates NBD, a leading bank in the Middle East and a front-runner in digital banking solutions today at the 2018 Consumer Electronics Show (“CES”) announced plans to introduce the first battery-powered,"...

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January 8, 2018

Dynamics Inc., Global Banks, Payments Networks, and Telecommunications...

(AETOS Wire) -- Dynamics Inc., in conjunction with international banks, card issuers, payment networks, and telecommunication operators today unveiled Wallet Card™ -- the world’s first connected, secure payment card. The Consumer Technology"...

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January 4, 2018

Banking year in review: Lenders bullish about Middle East...

Private banks are more bullish about the region, deploying more human resources in the Middle East as oil prices rebound and in anticipation of a turnaround in the fortunes of Saudi Arabia, the region's biggest economy.

Jean-Francois"...

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January 2, 2018

ARADA secures AED 1 billion financing from ADCB and Dubai...

ARADA has secured a syndicated loan of AED1 billion from two major UAE banks that will help finance the development of Sharjah’s largest mixed-use megaproject, Aljada. The Islamic facility was arranged with Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank as joint mandated"...

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December 20, 2017

Vimto manufacturer hit by Yemen civil war and Saudi Arabia's...

The company behind Vimto has said that profits will be held back following a blockade of the fizzy drink in war-torn Yemen and a slowing economy in Saudi Arabia. Nichols said that the recent escalation of hostilities in the Arab nation has resulted in the supply route to its Yemeni distributor being blockaded, meaning it is unable to send Vimto shipments as planned this month. As a consequence, adjusted pre-tax profit for 2017 is expected to be in line with last year. For next year, Nichols believes the conflict, coupled with “slowing......

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