Tag: UAE

December 28, 2015 BY Maria Nikolova

China, UAE agree to establish RMB clearing hub

The internationalization of the Chinese currency keeps gathering pace, as the United Arab Emirates (UAE) and China have signed an agreement to establish a clearing hub for the Chinese Yuan or Renminbi, Xinhua reported on Sunday referring to UAE media sources. This will be the second RMB clearing hub in the Middle East after Qatar launched the…

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September 23, 2014 BY Mike Fox

SunGard reveals key requirements to help growth in the Islamic banking industry

New research undertaken by SunGard, one of the world’s leading software and technology services companies, has identified key requirements to support the growth of the Islamic banking industry. The survey also highlights the most important challenges faced by industry professionals today. SunGard surveyed 50 banking executives based in the UAE, Saudi Arabia, Qatar and Kuwait.…

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