News Agencies Feed 

BANKING

Aperta Provides Electronic Funds Transfer (EFT) in Cayman Islands
April 21, 2018

(AETOS Wire)-- Once again, the Aperta Active Clearing System (ACS) has delivered the mechanism for a country to implement a world-class electronic payment processing environment to maximize a national payments system’s efficiency, effectiveness, security and control.

Aperta partnered with the Cayman Islands ACH Operator (Prism Services (Cayman)"...

Continue Reading >

Dubai’s biggest bank expands in Saudi Arabia
April 19, 2018

Emirates NBD, Dubai’s largest bank, is ramping up its business in Saudi Arabia after publishing a sparkling set of first quarter figures.
Profits at the bank were underpinned by higher net interest income on the back of solid loan growth.
The bank reported that its balance sheet had continued to strengthen with further improvements in credit quality, coupled with solid liquidity and capital ratios.
Net profit was up 27 percent year-on-year"...

Continue Reading >

Emirates NBD expands operations in Saudi Arabia
April 18, 2018

Emirates NBD has expanded operations in Saudi Arabia with the inauguration of its first branch in Jeddah and plans for two further branches in Khobar and Riyadh, the company announced on Monday.

The additional branches make Saudi Arabia Emirates NBD’s third largest branch network, behind the UAE and Egypt.

Emirates"...

Continue Reading >

Bank of America Reports First-Quarter 2018 Financial Results
April 16, 2018

(AETOS Wire) -- Bank of America reported its first-quarter 2018 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180416005642/en/

"...

Continue Reading >

IDEMIA Delivers the New Metal HSBC Black Credit Card
April 16, 2018

(AETOS Wire) -- IDEMIA’s metal cards are the newest addition to HSBC’s credit card offering in the UAE. The new HSBC Black Credit Card is designed for the affluent customer segment and it features exclusive benefits including 200,000 sign-up Air Miles, 100,000 anniversary Air Miles, accelerated rewards earning up to 2.5 Air Miles per 1 AED spent on the card, unlimited complimentary airport lounge access for cardholders"...

Continue Reading >

Bank Audi Selects Newgen to Drive Efficiency and Enhance Customer Experience
April 15, 2018

Bank Audi sae, one of the fastest growing banks in the Arab Republic of Egypt, has successfully transformed multiple banking processes powered by Newgen’s Business Process Management and Enterprise Content Management platforms. With an aim to become one of the leading private banks in Egypt, the Bank has streamlined its processes to achieve greater efficiency and provide enhanced customer experience.

Speaking"...

Continue Reading >

Islamic Development Bank grants $63.3 million to Sudan
April 9, 2018

A grant agreement worth $63.3 million for the establishment of facilities and services in South Darfur, Western Sudan, was signed by the Islamic Development Bank (IDB) in Tunis on Saturday.
Fluctuations on the foreign currency black market forced the Sudanese central bank to twice devalue the pound since January.
The pound hit an all-time low in January when it was selling for between 43 and 45 to the dollar.
Earlier this month, the IDB agreed to"...

Continue Reading >

TSYS and Mashreq Bank Announce the Successful Implementation of PRIME℠ for Acquiring Services
April 3, 2018

(AETOS Wire) -- TSYS (NYSE: TSS) and Mashreq Bank announced today that Mashreq has successfully implemented TSYS’ PRIME software licensing solution, to enhance the bank’s customer-centric experiences for its merchants. TSYS is providing Mashreq with its core PRIME℠ acquirer and issuer payments platform — and surrounding modules and services.

The"...

Continue Reading >

Saudi Arabia plans to issue USD 54 bln-worth bonds, Sukuk
April 2, 2018

The Saudi government is planning to issue bonds and Sukuk at the Saudi Stock Exchange (Tadawul) at a total value of SR 204.385 billion (approx. USD 54.5 billion).
The Capital Market Authority has approved the listing and trading in government bonds and Sukuk at Tadawul as of next Sunday, April 8, the Saudi Finance Ministry said in a press statement Sunday.
It stated that 45 bonds and Sukuk issuances valued at SR 204.385 billion (approx. USD 54.5 billion)"...

Continue Reading >

JCR Eurasia Rating Has Assigned Bahrain Middle East Bank B.S.C. Long Term National Credit Rating of ''AA-(Bhr)'' And Short Term National Credit Rating of ''A-1+ (Bhr)'' With ''Stable'' Outlooks on Both Ratings.
March 28, 2018

Bahrain Middle East Bank B.S.C. (henceforth the bank or BMB), was established in 1982 in the Kingdom of Bahrain. The Bank is licensed by the Central Bank of Bahrain (CBB) as a wholesale bank with rights to offer Islamic products. The Bank mainly focuses on international trade finance, treasury services, private banking and asset & wealth management. AN Investment W.L.L. (ANI) increased its shareholding to 80.77% in 2017"...

Continue Reading >