BANKING

Finalists Announced for BAI’s Global Banking Innovation AwardsJuly 28, 2016

Finalists for the 2016 BAI Global Banking Innovation Awards have been announced – showcasing this year’s top innovators within the financial services industry worldwide. The 15 finalists selected represent the most forward-thinking leaders transforming the industry. Finalists and winners will be celebrated at BAI’s new immersive conference, BAI Beacon, in Chicago, October 5-6, 2016.

BAI serves as a global hub for connecting forward-thinking"...

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Intellect Launches OneMARKETS, a Comprehensive Product for Securities Trading and Asset ServicesJuly 28, 2016


Intellect Design Arena Limited (BSE: 538835 | NSE: INTELLECT), a specialist in enabling true digital transformations across banking, insurance and capital markets, today announced the launch of Intellect OneMARKETS, an end-to-end integrated 360-degree platform, encompassing the complete spectrum of Securities Trading and Asset Services. The advanced comprehensive platform will provide financial"...

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ABG concludes 21st GSM Meeting in Amman, JordanJuly 28, 2016

On this occasion, Chairman of Al Baraka Banking Group, His Excellency Shaikh Saleh Abdullah Kamil expressed pride in the successes achieved by Al Baraka Banking Group (ABG) as an outcome of the dedicated work, good organisation and careful planning of those in charge of its management.


He stressed that the Group maintains a very strong position, as certified by global rating"...

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OT Partners with Axis Bank to Offer India’s First RuPay EMV Contactless Smart CardJuly 26, 2016

OT (Oberthur Technologies), a leading global provider of embedded security software products and services, today announced its partnership with Axis Bank, India’s third largest private bank to offer the first open loop EMV contactless smart cards to be used in public transportation in Bengaluru, the third most populous city of India.

Axis Bank is the first bank to launch open loop smart cards in India to be used in public transportation, allowing"...

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Jordan's Arab Bank says H1 net profit $424.9 mlnJuly 25, 2016

Jordan's largest lender, Arab Bank Group, reported a first-half net profit of $424.9 million, barely changed from $422.9 million in the same period last year.


Its loan book and overall operations continued to grow despite exchange-rate fluctuations, it said on Sunday.


Total loans rose 3 percent to $24.2 billion"......

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World Bank offers Jordan $1.4B over six years for Syria responseJuly 25, 2016

The World Bank (WB) has endorsed the 2017-2022 country partnership framework, offering up to $1.4 billion of financing to Jordan for the coming six years, officials from both sides announced on Thursday.


The announcement was made at a press conference in Amman, where Ferid Belhaj, the World Bank Group director for the Middle East Department, noted that this is the largest programme in the history of the World Bank’s engagement with Jordan.


......

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Schlumberger Announces Second-Quarter 2016 ResultsJuly 25, 2016

  • Revenue of $7.2 billion increased 10% sequentially
    • Acquisition of Cameron contributed revenue of $1.5 billion
  • EPS:
  • ......

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Qatar Stock Exchange and Iridium Launch Second Investor Relations Excellence ProgramJuly 24, 2016

(ME NewsWire)-- Qatar Stock Exchange and Iridium Investor Relation today jointly announced that the Investor Relations Excellence Program will be repeated for a second year after its successful launch in 2015. The IR Excellence Program, which is the first of its kind in the Arabian Gulf region, will once again recognize publicly listed companies for their achievements and proactive efforts to foster professional investor relations standards.

Mr."...

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World Bank offers up to $1.4b in easy credit to JordanJuly 23, 2016

The World Bank (WB) has endorsed the 2017-2022 country partnership framework, offering up to $1.4 billion of financing to Jordan for the coming six years, officials from both sides announced on Thursday.

The announcement was made at a press conference in Amman, where Ferid Belhaj, the World Bank Group director for the Middle East Department, noted that this is the largest programme in the history of the World Bank's engagement with Jordan.


...

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Jordan struggling from regional pressures but economic outlook positive — World BankJuly 23, 2016

Amid a turbulent regional political and security environment, Jordan is wrestling with sluggish growth and high unemployment, according to a new World Bank report.


Launched by the World Bank and the government in Amman on Thursday, the report found that the economy slowed down for the first time since 2010, further widening Jordan’s output gap,"...

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