UAE Food and Water security office renews collaboration agreement with Islamic Development Bank

Dubai: – The UAE government has revitalised its collaboration with the Islamic Development Bank in relation to the International Center for Biosaline Agriculture (ICBA) – a centre that enhances food security through research and development (R&D) into biosaline agriculture in marginal environments.

Through the UAE Food and Water Security Office, the government has renewed its agreement with the Islamic Development Bank, with the new terms focused on R&D into food production from areas that suffer from limited resources.

The agreement was renewed during a virtual ceremony held on Sunday, November 29, 2020 and attended by Her Excellency Mariam Almheiri, Minister of State for Food and Water Security; H.E. Dr Bandar bin Mohammed bin Hamza Hajjar, President of the Islamic Development Bank Group; and several officials and representatives from both entities.

Renewing the agreement effectively extends collaboration on the management and operation of ICBA for another five years. The agreement includes

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Deutsche Bank mulls over two-day remote working week following COVID-19 pandemic

Deutsche Bank is considering offering some staff the opportunity to work from home two days a week permanently. 

The COVID-19 pandemic forced organizations worldwide to move staff to remote work models with barely any notice. Working from hastily-created home offices for months on end, however, has raised questions as to why remote work setups can’t be more common in the future — and some companies are asking the same questions themselves. 

It is not known when offices will be deemed safe enough for full teams to occupy them again — and in the meantime, this means shift patterns, reduced workforces, virtual meetings, and remote work which has become the new ‘normal’. 

For Deutsche Bank, the current work trends may impact future policies, including the option for some staff to only come into the office three out of five days in a working week.

People familiar with the matter told Bloomberg

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Google Pay revamps with new focus on managing bank accounts and finances

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Google is pushing further into personal finance.


Angela Lang/CNET

Google wants its software to become the center of people’s financial lives. The search giant on Wednesday said it’s overhauling its Google Pay service, which lets people pay for stuff using their phones, and extending the focus to online banking, shopping and loyalty programs.

It’s partnering with a handful of banks and financial institutions to create “a new mobile-first bank account,” called Plex, managed through the Google Pay app. Starting next year, institutions including Citi, BBVA and the Stanford Federal Credit Union will offer the Plex accounts, which come with no monthly fees or overdraft charges. 

Google hopes to lure people to its software with the promise of a better user experience. It said its artificial intelligence will make it easier to search through purchases. For example, it will show you a charge from a taqueria if you search for something

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Google Expands Pay App With Bank Accounts and Debit Card

Alphabet’s Google  (GOOGL) – Get Report said it expanded its Google Pay app to enable users to open back accounts, pay friends and manage budgets.

 The updated application debuted Wednesday. 

Alphabet partnered with Citi  (C) – Get Report and Stanford Federal Credit Union to launch the mobile bank accounts with plans to add 11 new partner institutions in 2021. 

“Along with our bank partners, we were looking to make banking more relevant for the mobile-first generation,” Caesar Sengupta, general manager of payments at Google, told CNBC Wednesday. 

“It will help our partners make banking more approachable to that generation, and not only make it more relevant, but make it more fun.”

Google will have so-called Plex checking and savings accounts, which have no monthly fees, overdraft charges or minimum-balance requirements. 

People who sign up for Google bank accounts can request a physical debit card, which will

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Matthew Remo, Director of Strategy and Development at Peapack-Gladstone Bank Recognized as NJBankers Rising Star

Matthew Remo, Vice President, Director of Strategy and Development

Matthew Remo, Vice President, Director of Strategy and Development

Bedminster, NJ – ( NewMediaWire ) – November 17, 2020 – Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:  PGC) and Peapack-Gladstone Bank are proud to announce that NJBankers recently recognized Matthew Remo as a “Rising Star” of the New Jersey banking industry at its virtual awards ceremony held on November 5, 2020.  The NJBankers Rising Star Award is granted to bankers, under the age of 40, to recognize their achievements in the Garden State banking industry.  Award winners exhibit the characteristics of true leaders and are outstanding professionals, mentors, teachers and colleagues who support bank and industry initiatives.  Mr. Remo has continuously exemplified strong leadership skills and professionalism throughout his career.  Most recently during these unprecedented times, he played a vital role in the execution of the Bank’s Small Business Administration Paycheck

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Cloud service: RBL Bank selects Amazon Web Services to drive digital transformation

RBL Bank has selected Amazon Web Services (AWS) as its preferred cloud service to drive digital transformation. At present, around 40 per cent of the bank’s mission-critical applications are on the cloud, a top official of the bank told BusinessLine.

Stating that the cloud journey at RBL began 12 months back with the setting up of the cloud environment and a secure landing zone, Sankarson Banerjee, Chief Information Officer – RBL Bank, said the bank has been investing in technology tools and platforms to offer agile, reliableand superior solutions.

The bank first migrated its corporate website to AWS cloud and with the experience gained initiated a 10-in-10 project (a complete migration of 10 applications in 10 days). Then, in September last, the bank took the plunge by migrating actual production workloads to the cloud. “At present, close to 72-73 workloads (mission critical applications) have been moved to AWS; we will

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ASCO SIGMA LT Simplify Load Bank Networking for Distributed and Space-Limited Applications

FLORHAM PARK, N.J., Nov. 12, 2020 /PRNewswire/ — ASCO Power Technologies, the world’s leading provider of critical power solutions, is highlighting the availability of its SIGMA LT Load Bank Control System. SIGMA LT is the industry-leading solution for quickly networking compact and portable ASCO 2000, 3000, and 5000 SERIES load banks.

Compact, moveable load banks are used where conventional units cannot pass or fit, such as through small elevators, on building rooftops, and in building basements. These units are also used whenever heat loads must be spatially distributed, such as tests of cooling systems in data centers. Because these applications use multiple load banks, the SIGMA LT control system streamlines the connection, monitoring, control, and data logging of load bank networks during electrical and cooling system tests.

The SIGMA LT solution enables users to network many load banks together to provide high capacity electrical testing. For cooling system tests,

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How Capital One became the first fully cloud-enabled US bank

  • The pivot to the cloud is a major IT transformation that many companies are still grappling with. 
  • Capital One just became the first US bank and one of the only major Fortune 500 corporations to be fully cloud-enabled after exiting its last physical data center, Business Insider can exclusively reveal. 
  • “Many companies might underestimate how comprehensive a transformation this is,” Melanie Frank, the bank’s vice president of technology, said.
  • “It was a cultural shift for us just as much as it was a technology journey,” she added. 
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The pivot to the public cloud is one of the most drastic IT changes to hit corporate America in the past decade. 

But despite all the enthusiasm over cloud computing, the reality is many firms still operate brick-and-mortar data-storage facilities. There are many reasons for this, including concerns over security, the cost

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