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The 4th Annual Business Tabloid Awards, conducted at Atlantis The Palm, Dubai, UAE, on the 19th of January, 2023 witnessed a wonderful gathering of global award winners from the best organizations of the world. One of the esteemed participants, National Bank of Egypt bagged the Best Retail Bank award. Business Tabloid was proud and honored […]
According to H.H. Sheikh Mansour bin Zayed Al Nahyan’s vision, the Central Bank of the UAE (CBUAE) today launched its Financial Infrastructure Transformation Programme (FIT programme) to speed up the digital transformation in the financial services sector as part of a larger strategy aimed at enabling the CBUAE to be among the top central banks […]
The top companies in the world’s trailblazing industries came together for the 4th Annual Business Tabloid Awards on January 19, 2023, at Atlantis The Palm in Dubai, United Arab Emirates. The Annual Business Tabloid Awards recognizes excellence in various industries, including Banking, Finance, Insurance, Real Estate, Technology, Healthcare, Leadership and Logistics & Transportation. A panel […]
Mastercard and BitOasis, the region’s top cryptocurrency platform for the Middle East and North Africa (MENA), have teamed up to introduce a number of crypto card programmes that will make it easier for people to use cryptocurrencies on a daily basis at retail locations and on e-commerce sites. Customers of BitOasis will be able to […]
In order to combat inflation that is approaching a 14-year high, Singapore tightened its monetary policy for the fourth time this year as anticipated. However, it left the door open for additional policy action while highlighting risks to the economic and price outlook. The action by the Monetary Authority of Singapore (MAS) continues a coordinated […]
According to a recent assessment from the Asian Development Bank, China’s economic growth this year will be weaker than that of the rest of emerging Asia for the first time in more than three decades due to COVID lockdowns. The group lowered its projection for China’s GDP in 2022 from 5.0% in April to 3.3% […]
Ajman Bank, situated in the United Arab Emirates, has partnered with Mastercard to introduce a card for clients who are blind or partially sighted. The Mastercard Touch Card has characteristic notches on the side to assist clients to recognise it, and Ajman is the first issuer in the world to introduce it. Mohamed Amiri, Chief […]
The restriction on the maximum amount of cash deposits for both people and businesses at bank branches and automated teller machines was repealed by the Central Bank of Egypt (CBE) ATMs. The bank also removed restrictions on cash deposits entirely. The cap on cash withdrawals was imposed during the Covid-19 financial crisis. The CBE also […]
To improve their client experience, Emirates NBD has started a global accelerator programme for metaverse entrepreneurs. In accordance with the Dubai Metaverse Strategy, the accelerator programme places the bank in a leadership position for the upcoming wave of banking innovation. The biggest lender in Dubai, Emirates NBD, has never before shown interest in the metaverse, […]
The Federal Reserve warned on Wednesday that it would not back down in its fight against the most severe outbreak of inflation in the United States since the 1980s, even if it means a “sustained period” of economic weakness and a weakening labour market. The Fed’s 75-basis-point rate hike announced on Wednesday, together with previous […]
The European Central Bank (ECB) is expected to raise its base rate by 0.25 percentage points on Thursday. The bank raised its interest rates for the first time in 11 years, but it also risks falling behind as peers continue to combat inflation. The eurozone’s interest rates were last hiked in 2011. The future is […]
Rakbank will be the first UAE bank to enable Kraken to provide its clients with transparent, efficient, dirham-based digital asset trading, as the UAE works to accomplish its aim of becoming a worldwide virtual asset centre. Residents will be able to fund their crypto accounts using local transfers from any bank in the nation. Currently, […]
