BANKING

Visa Welcomes the Nigerian Women’s Bobsled Team to Team Visa for the Olympic Winter Games PyeongChang 2018 November 16, 2017

Visa (NYSE:V) today announced the addition of three athletes who make up the Nigerian Women’s Bobsled Team to Team Visa, currently training to become the first ever African representatives, men or women, to qualify for the Olympic Winter Games in the sport of Bobsled. Together, Bobsled pilot Seun Adigun, and brakemen Ngozi Onwumere and Akuoma Omeoga, combine their elite track backgrounds to chase their bobsled dreams.

Without access to proper"...

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EBRD, GAM to transform Amman into a smart city November 15, 2017

The European Bank for Reconstruction and Development (EBRD) and the Greater Amman Municipality (GAM) are joining forces to transform Amman into a smart city, the bank said in a statement e-mailed to The Jordan Times Tuesday.

Under a Memorandum of Understanding (MoU) signed Tuesday, both parties agreed to establish a framework for strategic and operational cooperation in Amman to introduce solutions addressing major environmental, economic and social"...

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Germany grants 10 million euros to establish schools in Jordan November 13, 2017

Planning and International Cooperation Minister Imad Fakhoury and Member of the Executive Council of the German Development Bank (K f W) Joachim Nagel on Sunday signed an additional grant agreement worth 10 million euros to finance the School Construction Programme Phase II under the Jordan Response Plan (JRP).

The grant, which is part of 2016’s commitments, aims to finance the 2nd phase of the School Construction Plan to build new public schools, and expand and provide furniture and equipment to existing"...

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Bango Secures Victory Opening-up Egypt for App Store Carrier BillingNovember 10, 2017

(AETOS Wire)-- Bango (AIM: BGO), the leading mobile payments company, announces expansion of its operations in Africa through a partnership with Victory Link in Egypt. As a result of the relationship, Bango app store and merchant partners can launch carrier billing across all three Egyptian mobile operators.

Egypt has 90 million plus connected mobile devices and a SIM penetration of over 100%, of which 89%"...

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IDEMIA Launches Pakistan’s first EMV Certified Payment Cards Personalization CenterNovember 8, 2017

IDEMIA, the world leader in trusted identities for an increasingly digital world, supports financial institutions in Pakistan with their EMV (Europay Mastercard Visa) migration phase.

Oberthur Technologies, renamed IDEMIA following its merger with Safran Identity & Security (Morpho), has been operating a personalization center in Karachi for several years. Strengthening its commitment to the market, IDEMIA has recently certified its PCI-CP compliant"...

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Ministry, World Bank launch project to develop urban planning November 1, 2017

Five municipalities in Jordan are making use of a new one-year project run by the Planning and International Cooperation Ministry and the World Bank to develop their urban planning.

Minister of Planning and International Cooperation Imad Fakhoury on Tuesday acted as patron to the “first-of-its-kind” workshop that tackled the outcome of a project in the Arab world that aims Jordan to develop the capacities of five selected municipalities"...

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Bank al Etihad announces launch of Accelerate SME JordanOctober 31, 2017

Bank al Etihad, in collaboration with Thomson Reuters, has announced the launch of Accelerate SME Jordan, a digital platform that serves as the single gateway to the SME ecosystem in the country. It provides startups and SMEs with access to the most comprehensive source of business resources, services and funding solutions and is designed to help organizations reach their business goals.

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Jordan's Arab Bank says Q3 net profit falls 3.9% as net income interest declinesOctober 30, 2017

Arab Bank, the biggest publicly traded bank in Jordan, said its third-quarter profit fell 3.9 per cent, weighed down by a drop in net interest income.

Net profit dropped to US$185.5 million in the three months ended September 30 from $193m a year earlier, the lender said in a regulatory filing to the Amman Stock Exchange. Net interest income slipped to $488.5m in the third quarter compared to $513.76m in the same period last year.

The"...

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Thomson Reuters and Bank al Etihad join forces to provide startups in Jordan access to services & fundingOctober 25, 2017

Thomson Reuters and Bank al Etihad announced the launch of Accelerate SME Jordan (http://jordan.acceleratesme.com), a digital platform that serves as the single gateway to the SME ecosystem in the country. The platform provides startups and SMEs with access to the most comprehensive source of business resources, services and funding solutions and is designed to help organizations reach their business goals. “We recognize that today’s SMEs and entrepreneurs are the success stories of the future,” said Nadim Najjar, Managing Director, MENA Thomson Reuters. “We want to leverage our capabilities and partnerships with leading organizations to help support the SME ecosystem.” SMEs constitute around 95% of the national economy in Jordan and employ nearly 70% of the private sector's workforce. They are the backbone of the economy, yet many continue to struggle with......

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Businesspeople discuss future of banking at regional forum October 17, 2017

Hundreds of business personalities on Monday gathered to discuss the future of the banking sector at the “Finance MENA Forum: The new shape of banking in the Fintech era”, organised by the Arab Advisers Group and held under the patronage of HRH Princess Sumaya.

The forum brought together C-level executives, directors of the banking industry, new emerging financial technology (Fintech) players and regulators, who shared their thoughts"...

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