Banking & Finance

Diebold Nixdorf (NYSE: DBD), a global leader in driving connected commerce for the banking and retail industries, announced today that Bankmed is the first to deploy its new DN Series^TM self-service solution in Lebanon. Bankmed is also the first bank in Lebanon to introduce cash recycling and will install new ATMs at Beirut - Hariri International Airport to facilitate currency exchange. The new installation includes lobby and through-the-wall ATMs offering a 19-inch multi-touchscreen with cash recycling and check deposit.

Ajman Bank has been at the forefront of development of UAE Nationals by providing them outstanding growth opportunities with critical roles in higher management. One of the organisation’s pivotal achievements has been significant progress in Emiratisation and growing number of nationals in leadership positions. In line with its objectives, Ajman Bank has announced the promotion of three senior executives.

Ajman Bank has announced the launch of its latest branch in Dalma Mall that boasts state-of-the-art design and cutting-edge digital banking and payment solutions. With it comes the installation of the first compact cash Automated Teller System (ATS). The solution, provided by the Innovation and technology service provider CNS Middle East (Computer Network systems) will increase the flexibility of bank processes by efficiently simplifying and accelerating cash transactions, thus giving staff more time to focus on customer care.

Bank of Beirut CEO Salim Sfeir Saturday was unanimously elected as chairman of the Association of Banks in Lebanon.

Dr. Sfeir told reporters after his election that the ABL will seek to further cooperate with the government, and urged authorities to coordinate with the ABL on any new taxes that may affect banks.

Ten months down the line, businesses in the country have embraced the new law positively, syncing well with the economic rhythm

The United Arab Emirates was one of the first countries in the Gulf Cooperation Council (GCC) to implement Value Added Tax (VAT) on Jan 1, 2018. Ten months down the line, businesses in the country have embraced the new law positively, syncing well with the economic rhythm.

All praises for the first-of-its-kind program

• Move to reinforce Abu Dhabi’s local and global economic position
• Platform enables customers to complete government transactions without visiting services centers

The Abu Dhabi Smart Solutions and Services Authority (ADSSSA) formally launched its ‘Abu Dhabi Government Digital Payment platform’ (ADPay) at GITEX Technology Week 2018, which was recently held in Dubai.

LGB BANK, Lebanon’s leading Bank, has won the Excellence Award in Trade Finance from the World Union of Arab Bankers (WUAB).

Al Dhaheri Jones & Clark (ADJC) provides clarity on process and the importance of filing returns

As businesses across the UAE gear up to file Value Added Tax (VAT) returns on June 28^th 2018, Al Dhaheri Jones & Clark (ADJC) provides clarity on process and the importance of filing returns.

Tally Solutions, a leading international accounting and compliance software provider has introduced an Infographic to guide freelancers in the UAE comply with Value-Added Tax (VAT) regulations seamlessly.