Bank Dhofar makes offer to acquire 100% of competitor Ahli Bank
Oman’s second-biggest lender by market value, Bank Dhofar, has withdrawn its merger offer for Ahli Bank and put a new…
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UAE Central Bank removes insurance company’s board of directors
The UAE Central Bank has removed the board of directors of an insurance company operating in the country, as it…
OQ explores significance of internal auditing to boost governance
OQ, the global integrated energy group, is commemorating Internal Audit Awareness Month, observed worldwide in May each year. This initiative…
AI in finance to inject Dh103b into UAE’s GDP by 2035
Artificial Intelligence in the financial sector is expected to inject Dh103 billion into the UAE’s economy by 2035 as the…
Mastercard and Foloosi launch Click to Pay in UAE
Mastercard has launched Click to Pay in collaboration with payment service provider (PSP) Foloosi, who has rolled out the innovative…
Boubyan launches “Premium” account for its high-net-worth clients
The new account offers clients access to a variety of services both inside and outside Kuwait Al-Doub: A wide range…
Banking sector is central in supporting development
Qatar International Islamic Bank CEO, Dr. Abdulbasit Ahmed Al Shaibei emphasised the importance of the axes that will be addressed…
UAE Central Bank License Enables Checkout.com to Offer Services to Merchants in the Middle East
Payments service provider Checkout.com has obtained a Retail Payment Services license from the Central Bank of the United Arab Emirates. …
Qatar hopes to attract foreign asset managers through its new market-making program
Qatar is set to attract foreign asset managers as its sovereign wealth fund dedicates up to 1 billion Qatari riyals…
Abu Dhabi ADNOC and TAQA award sustainable water project worth up to $2.4bln
Abu Dhabi National Oil Co. and Abu Dhabi National Energy Co. PJSC has awarded a sustainable water supply project estimated…
UAE Central Bank removes entire board of directors of insurance company
The Central Bank of the UAE has removed the entire board of directors of an insurance company operating locally and…
Saudi Arabia’s banking sector set for further gains
Following a boom last year, Saudi Arabia’s banking sector is set for further gains in the coming years, according to…