Archive for the Category ‘Banking’

Crédit Agricole Selects Gemalto for Large-Scale Deployment of Contactless EMV Payment in France

Crédit Agricole Selects Gemalto for Large-Scale Deployment of Contactless EMV Payment in France

AMSTERDAM – Tuesday, January 31st 2012 [ME NewsWire]   Banking Card That Facilitates Easier Payment and with Added Security Features is Also Certified By “Groupement d’Intérêt Economique – Carte Bancaire” (BUSINESS WIRE)– Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, announces it is behind Crédit Agricole’s large-scale deployment of contactless EMV banking cardsin [...]

QInvest Invests in the Landscaping Services Sector in Qatar

QInvest Invests in the Landscaping Services Sector in Qatar

Doha- Qatar – Sunday, January 29th 2012 [ME NewsWire] QInvest, Qatar’s leading Investment bank, has acquired 30.5% of Al Nakheel Agriculture and Trading Company W.L.L. and AG Middle East LLC (together the “Group”). Based in Doha, Qatar, the companies specialize in providing landscaping and related maintenance services to governmental, corporate and industrial customers. This acquisition [...]

Bank of America Reports Fourth-Quarter 2011 Net Income of $2.0 Billion, or $0.15 Per Diluted Share

Bank of America Reports Fourth-Quarter 2011 Net Income of $2.0 Billion, or $0.15 Per Diluted Share

Full-Year 2011 Net Income of $1.4 Billion, or $0.01 Per Diluted Share CHARLOTTE, N.C. – Thursday, January 26th 2012 [ME NewsWire] Strong Capital Generation With Tier 1 Common Equity Ratio at 9.86 Percent Global Excess Liquidity Sources Remain Strong at $378 Billion, up $42 Billion in 2011 Investment Bank Maintained No. 2 Global Ranking in [...]

The Islamic Bank of Asia Announces Two Strategic Appointments – Harish Parameswar as Head of Investment Banking & Saleh Al Nashwan as Chief Representative of Bahrain Representative Office

The Islamic Bank of Asia Announces Two Strategic Appointments – Harish Parameswar as Head of Investment Banking & Saleh Al Nashwan as Chief Representative of Bahrain Representative Office

Appointments underscore bank’s commitment to strengthen its merchant banking business and promote greater capital flows between the Middle East and Asia SINGAPORE & MANAMA, Bahrain – Thursday, January 26th 2012 [ME NewsWire] (BUSINESS WIRE)– The Islamic Bank of Asia (IB Asia) today announced two key senior appointments to drive the bank’s focus on investment banking [...]

Syncada Network Processed a Record $21 Billion in 2011

Syncada Network Processed a Record $21 Billion in 2011

MINNEAPOLIS – Wednesday, January 18th 2012 [ME NewsWire] (BUSINESS WIRE)– Syncada from Visa announced today that its global financial supply chain network processed more than $21 billion in payments during 2011, a substantial increase from 2010 and a record in annual payments for the company. “Creating efficiency in the financial supply chain has a direct, [...]

Gate2play launches 1st online payment aggregation system in Middle East

Gate2play launches 1st online payment aggregation system in Middle East

January 14th, 2012 Amman – Gate2Play, the regional company specialized in e-payments and online consultancy, launched the first integrated e-payment system in the region, accepting all types of credit and prepaid cards, bank transfers and other payment transactions made by users online or via their mobile phones. Gate2Play e-payment system offers a complete online payment [...]

Al Hilal Bank named ‘Best Retail Bank (GCC)’ at prestigious Islamic Business & Finance Awards

Al Hilal Bank named ‘Best Retail Bank (GCC)’ at prestigious Islamic Business & Finance Awards

December 19, 2011 Al Hilal Bank, a progressive Islamic bank, won as ‘Best Retail Bank (GCC)’ during the 6th edition of the prestigious Islamic Business & Finance Awards held recently in Dubai. This marks the fourth major industry recognition for the bank this year. Al Hilal Bank won the most number of votes under the [...]

iFOREX Reveals their New Forex Trading Two-Part Learning Guide

iFOREX Reveals their New Forex Trading Two-Part Learning Guide

ROAD TOWN, Tortola – Monday, December 19th 2011 [ME NewsWire] (BUSINESS WIRE)–iFOREX, a foreign exchange rates and currency trading provider, recently revealed the infographic of their two-part learning guide for traders new to the foreign exchange market. The new design incorporates simple to follow infographics and text as well as clear examples on how to [...]

UAE Exchange introduces FLASH in Nepal

UAE Exchange introduces FLASH in Nepal

Abu Dhabi, United Arab Emirates – Monday, November 21st 2011 [ME NewsWire] UAE Exchange joins hands with Bank of Kathmandu Nepal becomes the second country, after India, to experience FLASH “Account Credit is now a real time phenomenon in Nepal too.”, exclaimed Mr. Y. Sudhir Kumar Shetty, COO – Global Operations, UAE Exchange, while announcing [...]

Digital uptake will help fuel region’s above-average growth; Region to be new economic power, predicts TNS chief; TNS leads consumer & digital intelligence in Arabia

Digital uptake will help fuel region’s above-average growth; Region to be new economic power, predicts TNS chief; TNS leads consumer & digital intelligence in Arabia

Dubai, UAE November 2011: As buoyant growth shifts towards emerging markets, the GCC region looks set to emerge as the new economic power by 2020, according to Steve Hamilton-Clark, CEO of leading custom consumer research house, TNS MENA. “The GCC will see continuous development and show above-average growth at 3.9 per cent in 2012, compared [...]

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