Remittances by foreign workers in UAE reaches Dh78 billion

The UAE Central Bank announced that the same figure reached Dh40.8 billion during the second quarter of 2017, an approximate increase of 10 per cent, compared to Dh37.1 billion in the first quarter of the same year. According to the bank's data ... ( read original story ...)

Fujitsu backs Lebanese bank in digital growth

Japan-based Fujitsu, a leading ICT company, has announced a new contract with BBAC, a top bank in Lebanon, to drive its enhanced digital transformation at the 10thFujitsu World Tour 2017 being held in Dubai, UAE. Fujitsu will support BBAC in a full data ... ( read original story ...)

MIDEAST STOCKS-Banking shares support Saudi in early trade

DUBAI, Sept 28 (Reuters) - Banking shares helped take the Saudi index slightly higher in early trade on Thursday after news that the government has priced a $12.5 billion international bond issue, while the rest of the region was mixed. The sovereign bond ... ( read original story ...)

Is the bitcoin bubble about to burst?

says one hedge fund manager and bitcoin fan ... while bra baroness Michelle Mone has said she will accept bitcoin as payment for lavish Dubai flats. Outside the financial world, bitcoin remains little understood. Notably, Google’s auto-complete ... ( read original story ...)

UAE tops world in efficiency of govt spending index

Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, presented this achievement to Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE and Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the ... ( read original story ...)

FAB Named Leading Corporate for Investor Relations in the UAE

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has been named Leading Corporate for Investor Relations in the UAE at the 2017 Middle East IR Association (MEIRA) Annual Conference, which ... ( read original story ...)

Building the bank of tomorrow

Financial institutions in the UAE must go on the offensive and use digital technology to build the bank of the future, as technology is already enabling new-age innovators to come up with solutions that will disrupt the whole industry. “All institutions ... ( read original story ...)