BANKING

December 11, 2018

Central Bank releases new instructions on issuing cheque books

(WAM) -- Central Bank of the UAE, CBUAE, has issued a circular to banks regarding the issuance of cheque books as part of its ongoing efforts to improve responsible lending practices by banks.

Before issuing customers"...

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December 11, 2018

Sharjah Finance Department Cooperate With Sharjah Islamic Bank to Facilitate Payment Services

Sharjah Finance Department signed yesterday on Monday, an agreement with Sharjah Islamic Bank to cooperate in banking services to be provided to clients of both sides, in the context of Making the payment service easer to the clients and enabling them to pay service charges and Government"...

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December 6, 2018

Libyan dinar gains value as economic reforms take effect

The Libyan dinar gained in value suddenly in the black-market against major currencies over the last three days of this week.

On Monday the dinar gained value sharply, falling below the psychological five dinar"...

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December 2, 2018

Bank Muscat wins GCC award for CSR initiatives

MUSCAT: Bank Muscat, the flagship financial services provider in the Sultanate, has won a prestigious GCC award in recognition of its innovative corporate social responsibility initiatives and contributions to sustainable development in the Sultanate. The event was held in Kuwait to award"...

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November 28, 2018

AfDB partners with Entreprenarium to build capacity of 1,000 women entrepreneurs in Africa

The African Development Bank, as part of its African Women's Access to Finance Initiative (AFAWA), is partnering with Entrepreneur to build the capacity of 1,000 women entrepreneurs on the continent.

Over"...

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November 22, 2018

Standard Bank enters airtime and data market with new service

Standard Bank enters airtime and data market with new service

standard Bank said it would be using wireless capacity from Cell C and MTN and would allow its customers to convert bank charges into airtime or data."...

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November 21, 2018

Libya's parallel central bank admits printing 9.7 billion dinar banknotes in Russia

9.7 billion dinar banknotes have been printed in Russia in the last three years by the parallel Al-Bayda-based Central Bank of Libya (CBL) and with the endorsement of the House of Representatives based in east of the country, a CBL official revealed.

The"...

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November 18, 2018

Bank of Kigali to go into life insurance business

The Bank of Kigali is expected to inject $22.6 million new capital into its subsidiaries as it seeks alternative revenue streams to boost falling shareholders returns.

The bank’s 2017 full-year report to"...

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November 18, 2018

Rimini Street Expands Investment and Operations in Asia-Pacific

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced that it has expanded its operations in the Asia-Pacific region with the launch of its new subsidiary, Rimini Street New Zealand Limited, and the opening of its new office in Auckland to address the growing demand for Rimini Street’s premium, ultra-responsive support services in New Zealand. Rimini Street’s expansion was announced at a gala event held at The Northern Club in Auckland, where clients, local IT leaders and the special guest......

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November 18, 2018

Automotive Innovator, Rick Tewell, Promoted to Chief Operating Officer at Velodyne Lidar

Velodyne Lidar, Inc. announces the promotion of Rick Tewell to Chief Operating Officer. Tewell assumes leadership of the company’s vast manufacturing efforts at its Megafactory in San Jose, California. He joined the company in September 2017 as Senior Vice President of Automated Manufacturing and was promoted to Chief Advanced Manufacturing Officer prior to the promotion to COO. He brings a wealth of expertise to the day-to-day production of Velodyne’s industry-leading lidar sensor product line. According to Marta Hall, Velodyne’s President and Chief Business Development Officer, Velodyne “recruited Rick Tewell to manage......

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