Banking

May 4, 2016

1

Algeria, EIB seal cooperation agreement on logistics development

The ministry of Foreign Affairs and the ministry of Transport signed Monday a cooperation agreement with the European Investment Bank (EIB) for a technical assistance to the regional initiative on logistics development "Logismed soft," the ministry of Foreign Affairs said in a statement.


The agreement was signed by the secretary general of the ministry of Foreign"...

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April 28, 2016

2

Visa Opens its First Innovation Center in Asia

Visa Inc. (NYSE:V) today announced the opening of its Singapore innovation center, the first in a network of new regional innovation centers that Visa is launching globally. The new 7,000 square foot Singapore facility will serve as a destination for clients, partners and developers, across the region, to work alongside Visa experts and jointly create the next generation of payment and commerce applications.


This"...

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April 28, 2016

3

Algeria banks on diversification of its economy to cope with falling oil prices

MOSCOW- Algeria has taken necessary measures to face the decline in oil prices by banking on the diversification of production and broadening foreign partnerships, including with Russia, said Wednesday in Moscow Prime Minister Abdelmalek Sellal at a press conference held jointly with his Russian counterpart Dmitry Medvedev.

Sellal explained that "Following the 50% decrease in the State's revenues due to the decline in oil prices, Algeria has taken"...

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April 27, 2016

4

Bank of Ghana new gov says top priorities are inflation, rates

New Bank of Ghana’s Governor Abdul-Nashiru Issahaku said in his first domestic speech on Tuesday that bringing down inflation and reducing interest rates were his main priorities but that achieving those goals would take some time.


The Bank also remains committed to enabling commercial banks to scale up lending to small and medium sized businesses and other sectors"...

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April 23, 2016

5

Qatar First Bank (QFB) announces the listing of all its shares on the Qatar Stock Exchange (QSE) on April 27th

QFB, a leading Shari’ah-compliant bank based in Qatar offering investment opportunities and innovative financial solutions with local, regional and international reach, announces the imminent listing of the bank’s shares on the QSE on the 27th April 2016; following the approval of the Qatar Financial Markets Authority (QFMA).


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April 23, 2016

6

Benkhalfa calls on local bank agencies to be more profitable

Minister of Finance Abderrahmane Benkhalfa exhorted on Thursday local bank agencies to improve their performance instead of being “centres of spending.”


“These agencies’ turnover must increase. These agencies must be a source of performance instead of being an additional item of spending (for their banks),” insisted Benkhalfa in the People’s"...

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April 20, 2016

7

Qatar First Bank Named Global Finance 2016’s Best Up-And-Coming Islamic Financial Institution Global Award

Reaping the benefits of the strategy it introduced in 2015, Qatar First Bank (QFB), Qatar’s leading Shari’ah compliant bank, has been named exclusively 2016’s ‘Best Up-and-Coming Islamic Financial Institution’ in Global Finance magazine’s ninth annual awards for the World’s Best Islamic Financial Institutions.


QFB won the prestigious"...

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April 16, 2016

8

Benkhalfa in Washington for IMF, World Bank meetings

Minister of Finance Abderrahmane Benkhalfa headed for Washington to participate in the Spring meetings of the International Monetary Fund (IMF) and the World Bank, to be held from 15 to 17 April, said a communiqué of Finance Ministry.


Benkhalfa will take part in the works of G24 on international monetary issues and development as well as in the World Bank’s"...

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April 14, 2016

9

Tunisia: New law strengthens central bank, shields it from political interference

Tunisia's parliament has approved a law to strengthen the central bank autonomy to shield its board from political interference, one of the key economic reforms sought by the country's international lenders.

Under changes, the central bank will not take instructions from the government and will have absolute control over monetary policy, currency reserves and gold reserves. Before, there was no law prohibiting Tunisia's government from pressuring central bank"...

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April 12, 2016

10

Lebanon’s Eurisko Mobility Announces World's First Virtual Reality Enabled Omnichannel Banking Solution

Omnichannel banking is a breakthrough idea whose time has clearly come. It describes a unified multichannel approach to online banking from any medium like a laptop, smartphone or tablet, to a smart watch, Apple TV or even a Virtual Reality headset. Eurisko Mobility recently announced their initiative to deliver the first official Omnichannel banking solution, combining all these dynamic channels. Virtual banking has finally become a reality.


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