03/15/2018
Bahrain counts on fintech, Saudi ties to revive indebted economy
Large debts still pose a risk as interest rates rise, but after a push to turn the economy around, Bahrain is starting to see initial signs of recovery.
FinTech
03/15/2018
UAE, Bahrain and Fintech: The financial disruption is on
Islamic banks are also enthusiastic about the prospects and are investing in digital initiatives, according to a recent Ernest and Young report.
03/14/2018
UAE banks ban buying of crypto-currencies with credit cards
Bankers say that the ban on virtual currencies is aimed at protecting their customers from falling prey to frauds
03/14/2018
Microsoft to Deliver the Intelligent Cloud From New Datacenters in the Middle East
Each new datacenter will adhere to Microsoft’s trusted cloud principles and becomes part of one of the largest cloud infrastructures in the world, already serving more than a billion customers and 20 million businesses.
03/14/2018
Crypto-currencies - the New Gold Rush
Crypto-currencies are virtual money based on encoded data or mathematical models
03/14/2018
Download free Thawani app from Google Play, Apple Store
Thawani has been designed to be an easy payment solution that takes away the complexity of having to remember multiple pin numbers and passwords, alongside keeping banking information completely private.
03/13/2018
MetLife invites insurtech startups to compete for $100,000 contract
The move follows two collab programmes in Singapore (2016) and Japan (2017), which attracted 250 applications from insurtechs in more than 35 different countries.
03/13/2018
Riyad Bank launches Kingdom’s first contactless payment bracelets
Riyad Bank will be also serving millennials with bracelets that will be linked to prepaid accounts to enable secure cashless payments at restaurants and other outlets across the country.
03/13/2018
CrediMax, Benefit launch QR Code payment system
CrediMax and Bahrain-based Benefit have collaborated to launch a unified QR Code payment option where MaxWallet and BenefitPay customers will be able to complete payments at registered merchants through their smartphones. Benefit was established in 1997
03/13/2018
Bahrain explores digital currency
The CBB may also grant licenses to more digital banks after Meem, a subsidiary of GIB, became the first digital bank to get a license in Bahrain.
03/12/2018
Israel's Viola FinTech to expand fund size, bring in new partners
The fund’s managers are in discussions with potential new strategic partners, who would bring new areas of expertise.
03/08/2018
Ignacio Galán opens 'Iberdrola Innovation Middle East', a technology hub in Qatar
Located at Qatar Science & Technology Park in Doha
03/08/2018
Objectway Conference 2018: Breaking the wealth management digital deadlock
A show of hands early in the proceedings revealed that a good proportion of those in the room were from UK-based companies.
03/07/2018
Blockade impact on Qatar fading but risks remain
Foreign financing and resident private sector deposits had fallen by $40 billion but that had been offset by cash injections by the central bank and the Qatar Investment Authority, it said.
03/07/2018
Blockchain 'not sufficiently scalable' for cross-border money transfers, says CBD CEO
Dr Bernd Van Linder says that the blockchain ledger will be very important in cases with shared documentation
03/07/2018
Banque du Caire selects Temenos 24 Core Banking
The bank plays an effective role in financing vital sectors of the national economy through participation in the syndicated loans serving different sectors, as well as in financing SMEs and Microfinance projects.
03/06/2018
Central Bank of the UAE launches Innovation Labs to tackle Customer Happiness in banking & financial services sector
Banking and financial services professionals, academics, customers, students and researchers to collaborate intensively.
03/06/2018
Dubai digital bank allows you to split bills via social media
Liv., the lifestyle digital bank by Emirates NBD, announces new features on mobile app
03/06/2018
Some banks in UAE ban online cryptocurrency trading
Transactions via licensed brokerage companies are still allowed.
03/06/2018
Dubai Internet City firms attract over $2.1bn since hub's launch
Senior exec says business hub is playing key role in contributing to the UAE's technology journey