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More from Banking
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DIFC to gradually reopen businesses from Wednesday
Offices and retail outlets will operate with certain restrictions and health protocols
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Millennials like to deal with robot bankers
Nordea's robot adviser, Nora, played a crucial role in helping the bank through COVID-19
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UAE Exchange Centre finally starts on refunds
Many transactions had been delayed for two months as company seeks a way out
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Deutsche Bank asks top managers to forego a month’s pay
CEO Christian Sewing has resumed his plan to cut 18,000 jobs that had been put on hold
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UAE banks among top performing in GCC: KPMG
GCC banks are well positioned to weather the current challenges
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Saudi banks’ credit profiles likely to weaken
Asset-quality issues and lower profitability will put pressure on capital buffers
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India trims interest rate to a flat 4%
With second successive cut, central bank expects to offset sharp contraction of economy
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GN Focus
Expats switch to LuLu Money for superior money transfer
Simple and secure, LuLu Money mobile app enjoys a high rating with a user base of 600,000
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GN Focus
Pandemic accelerates the shift to digital
Sonny Zulu, Head of Retail Banking, Standard Chartered Bank, UAE
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Update
Eid holidays for banks in UAE announced
Banks holiday starts from 29 Ramadan (22 May) to 3 Shawwal
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GN Focus
‘Convenience and speed are foundations of QuickRemit'
Rohit Garg, Executive Vice President Remittances at Mashreq
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How do negative interest rates work?
Britain sold a bond with a yield below 0% for the first time on Wednesday
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UK borrows at negative interest rate
Negative rates point to the prospect of a severe global recession caused by coronavirus
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GN Focus
Tap and pay gains momentum in the UAE amid pandemic
Eight in ten UAE consumers prefer contactless payments during Covid-19
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Turkey and Qatar in currency deal to aid the lira
Central banks of both countries agree to triple their swap deal to $15 billion
