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MEA Finance

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Mashreq appoints new Group Head of Technology, Transformation and Information

Mashreq Bank has appointed Alexander Raiff as its new Group Head of Technology, Transformation and Information, starting on 1st April 2022. Alexander is a seasoned technology...

GFH shareholders approve $60 million dividend in cash and bonus shares

GFH Financial Group concluded its Annual General Meeting (AGM) for the financial year ending 31 December 2021. Shareholders approved the Board of Directors’ recommendation...

DDCAP Groupâ„¢ supports Boubyan Bank to complete its Digital Deal Automation Project

Through the application of their award-winning Sharia’a compliant financial technology, ETHOS AFP™ (ETHOS), DDCAP Group™ (DDCAP) supported Boubyan Bank in the successful implementation of Boubyan’s...

Geidea announces expansion into UAE with Magnati partnership

Geidea announced that it has expanded its operations into the United Arab Emirates and will offer an extensive suite of value-added services and seamless...

MENA Payments Modernization: catching up and forging ahead

Payments modernization has become a crucial component of the digital transformation trend sweeping the banking world – and there are rich rewards for the...

Banking as a Service gains unstoppable momentum according to Finastra research

At its Finastra Forum flagship industry event in Dubai, Finastra today unveiled a market assessment report: ‘Banking as a Service: Outlook 2022 | Paving...

Nearly 9 in 10 people in the Middle East report increased use of digital payments in the past year

According to the Kaspersky Digital Payment survey, 93% of respondents from the Middle East reported an increase in their use of e-wallet and mobile...

NBK launches sustainable financing framework

National Bank of Kuwait (NBK) launched its Sustainable Financing Framework as it continues to build a market-leading position in sustainable development, enabling and promoting responsible...

Mashreq Bank launches NEOPAY to consolidate and grow its leadership in the digital payments space across the region

Mashreq Bank has completed the transition of its existing payments business into a new, wholly owned subsidiary, IDFAA Payment Services LLC, with a brand...

BankDhofar becomes the first Omani bank to raise a SOFR linked Dual Tranche Syndicated Term Facility

BankDhofar announced that it had successfully raised USD 400 million dual tranche syndicated term facility linked to Secured Overnight Financing Rate (SOFR). The syndication...

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