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Banking & Finance

e-payments to be regulated by Kuwait Central Bank

The Central Bank of Kuwait (CBK) has instructed all service providers, companies and institutions to register for its electronic payment system. In an official statement posted on its website the CBK said all service providers will be required to regulate their e-payment transactions in line with established regulations. The statement added that all e-payment methods […]


NBK Capital debuts mobile trading service for Kuwaiti clients

NBK Capital, a leading investment management firm, has for the first time launched a smart electronic application for Kuwaiti clients trading in the US Stock Exchange for equity sale and purchase and trading in options contracts. Through this innovative application, which has been developed using the latest technology in the field, NBK Capital offers a direct […]


Alghanim Industries scoops award for payment process project

Alghanim Industries, one of the largest privately-owned companies in the Middle East and founded in Kuwait, has been recognised at the Adam Smith Awards 2018. Representing Alghanim Industries, Richard Quinlan, Corporate Controller, Sonal Gupta, Head of International Accounts and Pramod Bhattiprolu, Senior Manager, Corporate Treasury received the award for the Best in Class Treasury Solution […]


EQUATE recognised for developing top Middle East treasury solution

Integrated financial systems have earned EQUATE Petrochemicals Company, a global producer of petrochemicals that operates in Kuwait, the award for ‘Best in Class Treasury Solution in the Middle East’ at the Adam Smith Awards 2018 organised by Treasury Today. Through the efforts of EQUATE’s treasury, the world’s second largest producer of ethylene glycol went from […]


Gulf Bank launches new branch manager scheme at tech university

Gulf Bank has launched its Branch Manager Program at the PACE centre, part of the Gulf University for Science and Technology (GUST) in Kuwait. The tailored programme aims to enhance Gulf Bank’s retail banking branch managers’ holistic banking skills by expanding their knowledge of the wider banking landscape to better serve the banks’ customers. It […]


Digital Banking: Does it have a future with no passwords?

Is the future of digital banking a password free one? The ways in which banks are authenticating their users is evolving at speed thanks to technological developments. Marwan Elnakat, Digital Banking Director for the CISMEA region at Gemalto, tells us what the future holds. Please enter your password, it says. It seems like a simple […]


WaveX selects ArabianChain’s Blockchain-based Smart Contracts

Award winning UAE start-up paves the way for regional entrepreneurs to innovate via blockchain WaveX, an award-winning start-up and renewable electricity trading and p2p solar panel financing platform, is the first UAE-based start-up to utilise ArabianChain’s blockchain based Smart Contracts and Development Studio. As a start-up with a platform established to allow trade of energy […]


Mashreq Bank signs agreement with payment provider TSYS

TSYS has announced that it has signed a software licensing and services agreement with UAE leading financial institution Mashreq Bank. TSYS will provide Mashreq with its core PRIME Issuer and Acquirer payments platform – and surrounding modules and services – to enhance the bank’s customer-centric experiences for its cardholders and merchants. Mashreq is an award-winning […]


Manufacturing and banking to drive big data and business analytics market

According to the latest Worldwide Semiannual Big Data and Analytics Spending Guide from International Data Corporation (IDC), worldwide revenues for big data and business analytics (BDA) will grow from $130.1 billion in 2016 to more than $203 billion in 2020. “The availability of data, a new generation of technology, and a cultural shift toward data-driven […]


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