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Banking & Finance

HSBC banned from taking on assets in Saudi
The order from the country’s Capital Market Authority was made late last year and affects HSBC Saudi Arabia’s $7 billion asset management arm.
Emirates NBD, ICICI tie up for remittances
The tie up enables customers of Emirates NBD to transfer funds to account holders of ICICI Bank in India within a minute
Mashreq’s Q1 profit up 13% to Dh651m
Earnings per share strengthened to Dh3.67 at the end of March 2015 compared to Dh3.40 a year earlier.
Cashless in Dubai: A newcomer’s experience
A new resident to Dubai, Vyacheslav “Slava” Byelyayey, makes a bold attempt to try and make card payments in any situation.
Spend - and save - with debit cards
They are a useful aid to manage finances, while being convenient and inexpensive.
National Bank of Fujairah launches diamond financing business
The bank has brought on board industry experts from Antwerp Diamond Bank's operations in Dubai to run the business.
Banker ME honours National Bank of Abu Dhabi
The National Bank of Abu Dhabi, or NBAD, has won prestigious awards during Banker Middle East UAE Products Awards 2015.
RAKBank AGM okays 50 fils per share cash dividend
RAKBank’s ordinary annual general meeting proceeded to elect the board of directors, which welcomed three new members this year.
Mideast banks urged to embrace social media
Adopting to social media more readily is away to communicate more effectively with existing and potential customers.
Mobile wallets are the future
Mideast retail banks must embrace innovation to stay relevant.
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