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Visa Welcomes the Nigerian Women’s Bobsled Team to Team Visa for the Olympic Winter Games PyeongChang 2018

November 16, 2017

Visa Welcomes the Nigerian Women’s Bobsled Team to Team Visa for the Olympic Winter Games PyeongChang 2018

Visa (NYSE:V) today announced the addition of three athletes who make up the Nigerian Women’s Bobsled Team to Team Visa, currently training to become the first ever African representatives, men or women, to qualify for the Olympic Winter Games in the sport of Bobsled. Together, Bobsled pilot Seun Adigun, and brakemen Ngozi Onwumere and Akuoma Omeoga, combine their elite track backgrounds to chase their"... Continue Reading

Gulf Bank Continues to Drive Operational Risk Reduction and Efficiency

November 15, 2017

As part of its ongoing commitment mitigating and preventing operational risk, Gulf Bank concluded another session in its series of training for its senior management. The training session, entitled “Internal Control Enhancement: Management Responsibility, Culture, and Oversight” was conducted by Fitch Learning at the JW Marriott hotel.

The"... Continue Reading

Kuwait banks told to examine Saudi accounts after arrests : Sources

November 14, 2017

Kuwaiti banks have been told by the central bank to provide account details relating to some Saudi Arabian nationals, sources familiar with the situation told Reuters on Monday.

The move follows the freezing of more than 2,000 domestic bank accounts"... Continue Reading

CBK policies helped banks in crisis after oil prices fall – ‘Mergers to create instability’

November 14, 2017

Several experts in economy affirmed that Kuwaiti banks escaped the major crises that hit the global financial system in previous years through the policy of Kuwait Central Bank, reports Al-Shahed daily.

In this context, economist Maitham Al-Shakhs stated that the banking sector is the most secure quarter in Kuwait at present, because"... Continue Reading

Credit growth steady at 3.2 pct in August – Household solid

November 13, 2017

Credit saw a moderate gain in August, though growth continued to slow on basis effects. The month saw a net gain of KD 193 million in credit, as growth eased to 3.2 percent year-on-year (y/y). Most gains came from solid household borrowing and from some business sectors. Private deposits bounced back following a couple of months of decline. Meanwhile, interest rates held steady.

Household"... Continue Reading

Bango Secures Victory Opening-up Egypt for App Store Carrier Billing

November 10, 2017

Bango Secures Victory Opening-up Egypt for App Store Carrier Billing

(AETOS Wire)-- Bango (AIM: BGO), the leading mobile payments company, announces expansion of its operations in Africa through a partnership with Victory Link in Egypt. As a result of the relationship, Bango app store and merchant partners can launch carrier billing across all three Egyptian mobile operators.

Egypt"... Continue Reading

KFH wins ‘Best Consumer Digital Bank in Kuwait 2017’ award – Product innovation awards for KFH and KFH-Turkey from Global Finance

November 9, 2017

Kuwait Finance House (KFH) won “Best Consumer Digital Bank in Kuwait 2017” Award from Global Finance Magazine in the Middle East Category.

Also, KFH and KFH-Turkey won Product Innovation (Al Nuwair Deposit), and Product Innovation (New Generation Credit Card) awards respectively in the category of The Innovators 2017"... Continue Reading

Kamco to revamp investment tech with Finastra

November 8, 2017

Kamco, an investment company in Kuwait with $10.4 billion in assets under management (AUM), has selected Finastra’s Fusion Invest platform. Finastra says Kamco “will integrate all investment management operations with Fusion Invest’s single-platform approach” front-to-back office. Khalid Owaida, SVP and head of IT at Kamco, says the company “recognised the need to invest” in new technology to support its growth ambitions. Finastra’s platform has the “flexibility, scalability and functionality” needed for this, he explains. The vendor can also advise Kamco on best practice due to its “proven investment management experience and global client base”....... Continue Reading

IDEMIA Launches Pakistan’s first EMV Certified Payment Cards Personalization Center

November 8, 2017

IDEMIA Launches Pakistan’s first EMV Certified Payment Cards Personalization Center

IDEMIA, the world leader in trusted identities for an increasingly digital world, supports financial institutions in Pakistan with their EMV (Europay Mastercard Visa) migration phase.

Oberthur Technologies, renamed IDEMIA following its merger with Safran Identity & Security (Morpho), has been operating a personalization center"... Continue Reading

Burgan Bank in early talks for $350m loan refinancing – New transaction could have three-year tenor

November 7, 2017

Kuwait’s Burgan Bank, the country’s third largest lender by assets, is in early discussions with banks for the refinancing of a $350 million loan due in December, sources familiar with the matter said on Sunday. The bank raised the original debt facility in 2015 with a group of seven banks, including regional and international lenders.

The"... Continue Reading

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