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FROM AROUND THE WORLD

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Emirates NBD recognized by world's enterprise data leader for delivering 'big data' regional first

Emirates NBD, a leading financial institution in the Middle East, is pleased to announce that it has received the “Best Big Data Implementation in Banking for Next Generation Analytics” Award from Infomatica, the world’s enterprise data management leader.




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Emaar records 30% growth in revenue to AED 17.390 billion (US$ 4.735 billion) and 28% increase in net profit in the first nine months of 2018

Emaar Properties PJSC (DFM: EMAAR) recorded a revenue of AED 17.390 billion (US$ 4.735 billion) in the first nine months of 2018, which is 30 per cent higher than the revenue of AED 13.351 billion (US$ 3.635 billion) during the same period in 2017,


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QNB brings SMEs together to promote e-Commerce

QNB, the largest financial institution in the Middle East and Africa, has recently organized a briefing workshop about QNB-Simplify e-commerce, an innovative cloud based platform that allows merchants to create their online shop




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FAB launches AI analytics portal for merchants in partnership with Al-Futtaim

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has launched a new portal powered by Artificial Intelligence (AI) and Machine Learning tools to deliver advanced analytics to merchants. FAB piloted the solution with Al-Futtaim


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KPMG: Tech spending by MEA smart cities to double in the next 4 years

Annual technology spending by smart cities in the Middle East & Africa (MEA) region is expected to double from $1.3 billion to $2.7 billion in the next four years, according to KPMG's "The Rise of Smart Cities – Digital Transformation in the Public Sector" report.


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KPMG survey: 46% of consumers Worry About Identity Theft and Hacking of Credit Card Information

Five out of 10 consumers, globally, are anxious about identity theft, while 77 percent are totally against their data being sold on, according to a study released today by KPMG International.




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EBRD becomes 6.25 percent shareholder in NLB

The EBRD has acquired a 6.25 per cent stake in Nova Ljubljanska banka d.d. (NLB), Slovenia’s largest bank




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BIAC shares Saudi Arabia's ambitious startup initiatives at Web Summit 2018

The Business Incubators and Accelerators Company (BIAC), a leading Saudi government company specialized in the establishment, operation and management of business incubators and accelerators


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TD Propels 10 Innovative Solutions Designed to Prepare Workers for an Inclusive Future

Today, TD announced the 10 recipients of the inaugural TD Ready Challenge. Each organization will receive CDN $1 million (USD $775,000) to help them scale their innovative solutions aimed at preparing Canadians and Americans for the economy of the future.




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«Saudi Re» aims to further expand its presence in Egypt’s market

Saudi Re for Cooperative Reinsurance Company (Saudi Re), the leading reinsurance company in the MENA region, is reinforcing its brand presence in Egypt ahead of the next year's busy reinsurance renewal season.


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The world's wealth will grow 26% in the next five years, up to 399 billion dollars

According to the report, wealth per adult has increased by 3.2%, raising world average wealth to a historic high of $ 63,100 per adult. Within this growth, the United States is the region that has contributed most to the world's wealth , with a total of 98 billion dollars, have added 6.3 billion dollars this year and maintain since 2008 an uninterrupted rate of growth of total wealth and of wealth per adult.


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Matteo Patrone new EBRD Managing Director, Eastern Europe and Caucasus

Matteo Patrone has been appointed EBRD Managing Director, Eastern Europe and the Caucasus.Based in Kiev,he will be responsible for the Bank’s operations and engagement in Ukraine,Belarus,Moldova,Armenia,Azerbaijan and Georgia.


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NOOR BANK WHITE PAPER HIGHLIGHTS GROWING IMPORTANCE OF BLOCKCHAIN, E-COMMERCE IN UAE TRADE FINANCE LANDSCAPE

Blockchain has the potential to transform trade finance in the UAE with faster shipping and settlement as well as a reduction in transaction costs, according to a new report by Noor Bank, one of the leading Shari’a-compliant banks in the UAE.


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Thailand Sustains Focus on Business Environment with Four Additional Reforms

Thailand carried out four key reforms last year to improve business regulations affecting small and medium-sized businesses, says the World Bank Group’s Doing Business 2019: Training for Reform report, released yesterday.


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BNP Paribas strengthens its social commitment worldwide

BNP Paribas has signed an agreement with UNI Global Union on seven subjects relating to fundamental rights at work and the establishment of a global social framework.


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Morgan Stanley Advisor Joins Bolton’s New York City Office

Nicolas Schreiber has joined Bolton Global Capital's New York City office. Schreiber, formerly with Morgan Stanley, manages $180 million in client assets. His international clientele includes high net worth individuals and institutions based in the US, Europe and Latin America.


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Digital Theft: The New Normal

The digital theft of just under 100 million records stolen from both the Office of Personnel Management and Anthem pales compared to the revelation that at least 500 million Yahoo accounts have been compromised—though one might argue that the impact is just as significant.


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Q&A with Fullerton Markets CEO Mario Singh

Question #1: Hi Mario, congratulations on winning the coveted award for Research and Education in Asia Pacific. Could you tell us a bit more about Fullerton Markets?


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International Business Magazine names SeABank as Most Favourite Retail Bank Vietnam 2018

SeABank was felicitated as the Most Favourite Retail Bank Vietnam 2018 by International Business Magazine, a Dubai, UAE based publication. This prestigious award has been bestowed because of excellent service this year in the Retail Banking Sector.






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30,000 Ukrainian households benefit from EBRD’s energy efficiency programme

The EBRD-managed programme supporting energy efficiency in Ukrainian homes has reached a milestone of investing over UAH 1 billion (equivalent of over €30 million). More than 30,000 Ukrainian households took out loans from local commercial banks which participate in the programme to invest in green technologies for their homes; of those, over 20 thousand projects have already been verified as eligible for investment grants.

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Asia:Role of CEOs is to create a "new legacy

The role of the insurance CEO today is to create new legacy, and this comes down to bringing in the right talent and building a conducive work environment, said Mr Chris Wei, Executive Chairman for Asia & FPI, and Global Chairman, Aviva Digital.

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INVESTBANK continues its CSR support for Autistic Students for the third year in a row

INVESTBANK, the leader in providing innovative banking solutions, continues to support children diagnosed with autism and their families, offering new scholarships and training opportunities

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Competitive Cities: A Local Solution to a Global Lack of Growth and Jobs

A new World Bank Group report analyzes what makes a city competitive and how more cities can grow their economies.

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Decisive, Coordinated Policy Actions and Strong Fundamentals Enhance Indonesia’s Economic Resilience

Policy and institutional reforms can help more Indonesians benefit from urbanization

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