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Mashreq Bank, a leading financial institution in the United Arab Emirates, has tapped Diebold Nixdorf to streamline in-branch cash cycle management with the implementation of teller automation technology at selected UAE branches.
In combination with multivendor software, the cash recycling systems help to streamline operations, increase cash security and enhance the consumer experience through expedited service, a company press release said.
"The implementation of the teller technology and software is strategically designed to facilitate and cater to both our operational efficiency requirements as well as an improved consumer experience," Aref Al Ramli, head of digital banking and innovation at Mashreq Bank, said in the release.
"Diebold Nixdorf's quick and seamless implementation across our branches helped us take an immediate step forward in line with our mission to make banking a personalized, convenient and secure experience for customers."
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Saudi Aramco, the world’s biggest crude producing company, inaugurated an industrial park on Monday in Saudi Arabia's oil-rich eastern province that will cost $1.6 billion in its first phase, as the
Abu Dhabi National Oil Company (Adnoc) would be reducing crude oil allocations for January in line with the recent Opec decision to cut production to rebalance oil markets.
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