Dubai-based Mamo Pay looking to transform payment transfers
Dubai-based start-up Mamo Pay is looking to transform the way payment transfers are made. Founded by three former Google…
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Al-Roshood: Corona pandemic demonstrated the success of the flexibility of KFH's performance and strategy
KFH's comprehensive and proactive approach enabled it to manage the crisis effectively Covid-19 increases pressure on Kuwait's financial position and…
Kuwait’s KIPCO profits fall even as more people watch OSN at home
Kuwait Projects Company Holding reported a 78 percent drop in net profit last year to KD6.5 million ($21.4 million). …
Saudi Central Bank grants licenses to 2 more payment companies
The Saudi Central Bank (SAMA) announced the licensing of two payment companies as part of its efforts to achieve the…
Telegram Messaging App Raises $150 Million From Middle East Investors
Two Abu Dhabi-based funds have invested $150 million in messaging app Telegram, which has its global development centre in neighbouring…
NBK-Bahrain reports net profits of BHD 117.51 million (KWD 94.68 million) for 2020
Fardan: Our profits for 2020 is a testament to our resilience and quick adaptability to the challenges resulting from the…
Capital Intelligence affirms QIIB rating at ‘A’ with a stable outlook
Capital Intelligence affirmed QIIB's rating at ‘A’ with a stable outlook, which the bank said “reflects the strength of its…
Al Khaliji sees great value for shareholders, customers in merger with Masraf Al Rayan
Al Khaliji, which expects to merge with Masraf Al Rayan this year, finds a great deal of potential for its…
Fintech in action in Saudi Arabia
One of the impactful initiatives implemented by the Capital Market Authority under its chairman, Mohammed El-Kuwaiz, was the creation of…
Saudi-based Islamic Development Bank starts marketing dollar sukuk – document
Jeddah-based Islamic Development Bank started marketing on Tuesday five-year U.S. dollar denominated sustainability sukuk, or Islamic bonds, a document showed.…
Oman's Islamic Banking Growth to Continue Despite Pandemic
Oman's Islamic banking sector growth is likely to continue apace in 2021-2022 following strong momentum in 2020 despite the pandemic…
Qatar, Tunisia discuss trade relations
Minister of Commerce and Industry, H E Ali bin Ahmed Al Kuwari, met yesterday with H E Ali Kooli, Tunisian…