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Rakbank and cloud computing firm Sage on Tuesday announced a partnership that will see Sage’s VAT-accredited accounting software offered to the bank’s business customers across industries.
Dhiraj Kunwar, Rakbank’s managing director of Business Banking, said, “Many SMEs face difficulty in the accounting and cash flow management aspect of their business, especially with the implementation of the VAT. Rakbank’s partnership with Sage will offer our business banking customers new features that meet all their VAT and accounting needs.”
A survey by Sage indicated that 37 per cent of small and medium-sized enterprises (SMEs) struggled most with accounting.
The National Bank of Ras Al Khaimah on Wednesday reported a slight drop in its second-quarter net profit as non-interest income dropped and operating expenses climbed amid challenging market conditio
The National Bank of Ras Al Khaimah (RakBank) and FC Barcelona have announced a strategic regional partnership for three years extendable by another two years whereby RakBank has become the official
RakBank, a leading bank in the UAE, has partnered with Xpress Money, a major money transfer brand, to offer convenient money transfer services to RakBank customers through the bank’s remittance servi
Bank Nizwa, represented by two of its Board Members, Sami Al Dhugishi and Ishaq Al Maouli along with Chief Executive Officer, Khalid Al Kayed, participated in the 2nd Islamic Financial Services Board
Times of Oman
The sharp decline of the Turkish lira in recent weeks has triggered speculation in banking circles that Emirates NBD stands a chance to renegotiate its deal to acquire Denizbank as the valuation has
Abu Dhabi-listed Eshraq Properties reported a first-half net profit of Dh14.8 million, compared to a loss of Dh0.32 million in the first half of 2017. The property firm said in a press statement that
Damac Properties has signed a landmark agreement with Radisson Hotel Group (RHG) to develop and launch the ‘Radisson Hotel, Dubai Damac Hills’, its first, newly launched Radisson-branded property wor
The Gulf Today
Abu Dhabi National Oil Company for Distribution (Adnoc Distribution) has reported that net profit for the six months ended June 30, 2018, increased by 18 per cent to Dh1.124 billion ($306 million) co