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FinTech

Saudi Arabia's new robo-advisory services set to attract millennial, women investors

August 1, 2019

Two Saudi firms have been granted experimental permits to test robo-advisory services and computer-generated advice for investors, a move that…

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Comment & Analysis

UAE, Saudi, Bahrain cut rates after Fed's signal

August 1, 2019

Saudi Arabia's central bank said on Wednesday it had cut key interest rates to preserve monetary stability, after the Federal…

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Comment & Analysis

Why are UAE shoppers staying away from gold?

August 1, 2019

Shoppers in the UAE are staying off gold as prices stick to levels well above Dh155 a gram. Even the…

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Financial Results

StanChart first-half profit rises 3%, beats forecasts

August 1, 2019

Standard Chartered PLC posted a 3% rise in its first-half profit on Thursday, beating market expectations, as the bank boosted…

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Comment & Analysis

QDB total assets rise to QR11bn in 2018 on credit growth: Qatar Central Bank

August 1, 2019

Driven by a growth in credit facilities, State-owned Qatar Development Bank’s  total assets exceeded QR11bn last year compared to QR10.2bn…

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Comment & Analysis

Kuwait central bank decides to keep discount rate unchanged

August 1, 2019

Kuwait’s central bank said on Wednesday that it had decided to maintain its discount rate unchanged at its current level…

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Comment & Analysis

Intelligent Automation Is the Next Step to Working Like Tomorrow, Today

July 31, 2019

Organizations depend on a variety of processes to get things done, including opening new customer accounts, financial reporting, and tracking/scheduling…

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Financial Results

Bahrain’s money supply increased by 9.2%

July 31, 2019

Bahrain’s (M3) money supply increased by 9.2 per cent reaching BD13,546.2 million as of end-June, compared with BD12,402.3m as of…

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FinTech

NBB launches new digital services

July 31, 2019

National Bank of Bahrain, in line with its ongoing journey of transformation, announced new and digital services to continue enhancing…

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FinTech

Saudi Arabia allows two firms to test robo-advisory services

July 31, 2019

Saudi Arabia's Capital Market Authority has approved Wahed Capital and Haseed Investing Company to test their robo-advisory services, as part…

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Comment & Analysis

Gold funds shine with 16.83 per cent returns in a year. But will the lustre last?

July 31, 2019

The yield from gold funds offered by mutual fund houses has touched 16.83 per cent in the 12 months ending…

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FinTech

DIFC, Mashreq Bank and norbloc to launch the region's first production blockchain

July 31, 2019

Dubai International Financial Centre together with Mashreq through its Corporate and Investment Banking Group, and norbloc, the leading Know Your…

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