(ME NewsWire)-- Visa (NYSE:V), a global payments technology company, today announced expanded transaction processing capabilities in two state-of-the-art data centers in Singapore and the United Kingdom. The new global processing hubs will increase the speed, resilience and geo-diversity of Visa’s infrastructure, while strengthening the company’s ability to deliver new and more sophisticated ways to pay in today’s hyper-connected global economy.

“Commerce"...

Deustche Bank may shift about €300 billion (Dh177.14bn) from the balance sheet of its UK entity to Frankfurt as client trading and assets migrate to the continent following Britain’s decision to leave the European Union, according to a person familiar with the matter.

The project, dubbed 'Bowline', calls for trading in the German city to go live in September 2018 and for the assets to be moved over by March 2019, said the person,"...

(ME NewsWire)-- Mavenir, the leader in accelerating and redefining network transformation for Service Providers, today announced a new R&D and 5G Innovation centre of excellence in Ra'anana, Israel focused on 5G Network and Services solutions.

The next generation of the network infrastructure will be based on a common flexible infrastructure that supports applications with stringent quality of experience"...

I left the UAE in August 2016 after losing my job in a construction company. Before leaving I had two credit cards and a car loan from one bank, plus two more credit cards from other banks - one with an outstanding amount of Dh82,000 and another for Dh33,000. I could not return to Dubai due to some difficulties and family circumstances in my country but I want to close these credit cards to avoid any further issues while travelling in the near future. What can be done in my situation? How can I close or repay? Any chance"...

QNB Group, the largest financial institution in the Middle East and Africa, has recently commenced operations in the city of Mumbai, the economic capital of the Republic of India.

The start of the Group’s operations in the Republic of India comes in support of its vision to become a leading bank in the Middle East, Africa, and Southeast Asia by 2020, in addition to establishing"...

The Central Bank of Syria is circulating new 2,000-pound banknotes in all cities under the regime’s control, topping the previously largest denomination of 1,000 pounds and helping to shrink the wads of cash residents have been forced to carry because of the currency's devaluation since the ongoing civil war began in 2011.

Central Bank Governor Duraid Durgham said in a July 2 press conference in Damascus, “Given the worn"...

(ME NewsWire)-- Marc Firestone, Senior Vice President and General Counsel of Philip Morris International (NYSE/Euronext Paris: PM), today appeared as an invited witness before the Commission on Security and Cooperation to offer expert testimony in support of the Commission’s objective of addressing the security and economic threats posed by the illicit trade in tobacco. The hearing was held on Capitol Hill in Washington, D.C.

The"...

(ME NewsWire)-- Archer Daniels Midland Company (NYSE: ADM) announced today that it has completed its acquisition of a controlling interest in Industries Centers, which will now be known as ADM Israel.

“By combining ADM’s unparalleled global network with the experience and capabilities of Industries Centers, ADM Israel offers customers in Israel unequalled service, including end-to-end supply"...

Fintech investment is soaring. In 2016, global figures nearly doubled to $23.3 billion, from $12 billion in 2014. Yet, Europe and North America still account for a staggering majority of global fintech investment—$15 billion combined—with the Middle East laying claim to only 0.1 per cent. Nevertheless, movement is afoot. Fuelled by the growing influence of a millennial population and rising expectations for efficiency, transparency and accessibility, fintech initiatives are rapidly gaining purchase in the Middle"...