Card scam gang arrested after Dh1 million UAE spending spree
Four men managed to spend Dh1 million on cloned credit cards after copying bank data from customers across the world.…
FinTech
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Emirates NBD Enlists UAE Central Bank in Blockchain Check Trial
One of the Middle East's largest banking groups is partnering with the central bank of the United Arab Emirates on…
Bahrain Islamic Bank announces the appointment of AGM, Head of Information Technology
Bahrain Islamic Bank, one of Bahrain’s leading Islamic banks, recently announced that Mr. Osama Ali Nasr has been promoted to…
Legal system must back UAE start-ups
At Dubai Internet City’s tech incubator "in5", dozens of start-ups from all over the world have pitched to us with…
Accenture launches upgraded banking technology platform at NCB
The highly complex project which took approximately two years to complete, was part of NCB’s NextGen programme, also undertaken with…
Qatar wealth fund to open office in Silicon Valley
Qatar's Sovereign Wealth Fund said on Monday it would open an office in San Francisco to expand its growing U.S.…
Foreign Investors Flock to Iran
After years shunning Iran, Western businesses are bursting through the country’s doors—but U.S. companies are noticeably absent. Dozens of…
Takaful Oman set to launch the country’s first automated insurance machine
Takaful Oman, the Sultanate’s pioneering Takaful insurance firm, will soon introduce Automated Insurance Machines as part of an innovative move.…
Commercial Bank workshop browses over its corporate Internet banking
Commercial Bank recently hosted the first workshop of a series planned for the year “to demonstrate the features and benefits”…
International Islamic Bank signs for ICS Banks Islamic
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that International Islamic…
Bank Leumi and Chinese Insurance Giant Ping An to Cooperate in Promoting Israeli High-Tech in China
Israel’s Bank Leumi and Ping An has signed a strategic cooperation agreement earlier this week to promote the entry and…
eProseed migrates Al Rajhi Bank's DB systems to Oracle Exadata
In January 2016, Al Rajhi Bank, one of the largest financial institutions in Saudi Arabia and the Middle East, made…