Infosys Finacle chosen to empower Housing Bank’s Algerian operations
Infosys Finacle, a wholly owned subsidiary of Infosys has been selected by Housing Bank to power the bank’s operations in…
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Emaar Properties might still see more downside
Emaar Properties may remain under pressure for a few more sessions, which might weigh on the Dubai index. Fund…
Housing Bank to use Infosys Finacle in Algeria
Indian software major Infosys on Tuesday announced that West Asia's Housing Bank would use its Finacle product for operations in…
Doha Bank set to raise capital by 20% through a rights issue
Doha Bank's extraordinary general meeting has approved the board's proposal to 'raise capital by 20% up to QR3.1bn from QR2.58bn…
One Global launches secure mobile app for digital finance transactions
Kuwait-based One Global has launched a mobile app as a single, secure platform for all digital financial services across the…
Deutsche Bank hires healthcare M&A banker Rewick from UBS
Deutsche Bank AG has hired Glenn Rewick, most recently head of healthcare M&A for UBS Group AG in Europe, Middle…
American Tax Bureau opens office in Bahrain
The sweeping changes instigated by the US in 2010, American Tax Bureau has opened a new office in Bahrain, located…
Kuwait’s Warba Bank sets initial price guidance for dollar sukuk
Kuwait’s Warba Bank has set initial price guidance in the high 6 per cent area for its planned US dollar-denominated…
Banking sector resilient to headwinds
The UAE banking sector remained resilient in 2016 in the face of strong headwinds, according to the Board of Directors…
Third bank joins instalment plan for traffic fines
A third bank, First Gulf Bank, has also opened a window where its credit card holders can pay traffic fines…
Dubai’s Mashreq bank looks beyond oil-rich countries for growth
Mashreq bank said that it is aiming to boost its international business in countries including China, India and Egypt to…
German bank blacklist of Yemeni nationals widens
Last month, Deutsche Welle reported that several German credit institutes, including Deutsche Bank and Commerzbank, have been terminating the bank…