Banking

July 28, 2016

1

MENA banking culture stunting growth

The financial banking sectors in the Middle East and North Africa (Mena) regions are disconnected from a majority of firms, with credit being largely channeled to a small number of large firms and hindering potential growth in the region, a new report has highlighted.


The What’s holding back the private sector in Mena? report published jointly by the World Bank (WB),"...

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July 28, 2016

2

Finalists Announced for BAI’s Global Banking Innovation Awards

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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July 28, 2016

3

Intellect Launches OneMARKETS, a Comprehensive Product for Securities Trading and Asset Services


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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July 26, 2016

4

OT Partners with Axis Bank to Offer India’s First RuPay EMV Contactless Smart Card

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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July 25, 2016

5

Schlumberger Announces Second-Quarter 2016 Results

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

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July 24, 2016

6

Qatar Stock Exchange and Iridium Launch Second Investor Relations Excellence Program

(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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July 23, 2016

7

Caixabank bid for Banco BPI hits new snag as vote on rights cap delayed

A meeting of shareholders in Portugal’s Banco BPI, that started on Friday and was expected to lift a 20 percent limit on voting rights, was suspended until September due to a legal injunction, in a new snag for a takeover bid by Spain’s Caixabank.


The bid is opposed by the bank’s No. 2 shareholder, Angolan investor Isabel dos Santos, the daughter of Angola’s"...

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July 21, 2016

8

Visa Adds Refugee Olympic Athletes to Complete Team Visa Rio 2016 Roster

Visa Inc. (NYSE:V) announced today the full Team Visa roster for the Rio 2016 Olympic Games. With 60 athletes, it is the most expansive group of Olympic and Paralympic athletes that Visa has supported to date.

Team Visa has grown by 62 percent"......

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July 19, 2016

9

Bank of America Reports Second-Quarter 2016 Financial Results

Bank of America today reported its second-quarter 2016 financial results. The news release, supplemental filing and investor presentation can be accessed in the following ways:

July 18, 2016

10

BANKS The CPA plans to increase its branches to 180

The Algerian Popular Credit (CPA) plans to increase the number of agencies over the next three years to 180, said yesterday in Batna its CEO, Omar Boudhiab.
3 new branches will be opened in the Algiers region, this current year, and 30 other agencies are under construction across the country as part of the bank's network expansion strategy accompanying the government's economic development program, Mr. Boudhiab said.

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