Monday 25 October 2021

Sohar International partners with Saudi Exim Bank

Sohar International, a leading bank in Oman, recently signed an agreement with Saudi Export-Import Bank to establish a framework of cooperation between the banks for the furtherance of their respective mandates. Signing the memorandum of understanding (MoU) and representing Saudi


Policies key to post-pandemic recovery in Mena: IMF

The Mena region’s post-pandemic progress and the policies that can help secure a more sustainable, inclusive recovery, said the International Monetary Fund (IMF) in a new report. The Middle East & Central Asia Regional Economic Outlook report was launched during an expe


UAE backs joint GCC action to increase trade exchange

The UAE is committed to supporting joint GCC action in various development fields as it is a steady policy of the country and a main driver for enhancing economic and commercial partnerships amongst GCC member states, said a top official. Dr Thani bin Ahmed Al Zeyoudi, the UAE&rs


Lower oil output ‘to affect GCC GDP recovery in 2021’

GCC economic growth witnessed a downward revision of 20 bps for 2021 to a growth of 2.5% on the back of lowered forecast for oil GDP for the region by 130 bps to a marginal growth of 0.3%, a report said. Non-oil GDP forecast was raised by 30 bps to 3.8% and a faster recovery in 2


5,000 participants for Future Investment Initiative

The upcoming fifth edition of Future Investment Initiative to be held under the theme “Invest in Humanity”, in Riyadh, Saudi Arabia from October 26-28 will bring together more than 2,000 missions and 5,000 participants. The 5th edition will discuss ways to invest in c


5th EU-GCC Business Forum concludes at Expo 2020

Businesses and government leaders from the European Union and the GCC came together at the 5th EU-GCC Business Forum that focused on how to drive the post-pandemic recovery in the EU and the GCC towards a green and digital transition. The event took place at Expo2020, Dubai, UAE


Saudi Arabia rolls out smart initiatives at Expo 2020

Saudi Arabia’s finance ministry has launched an initiative to implement global financial practices across the government sector as well as Fatoorah, an e-invoicing project at Expo 2020 Dubai. These initiatives come at a time when Saudi Arabia is showcasing the Kingdom&rsquo


NBB wins Gold Accreditation from Investors in People

The National Bank of Bahrain (NBB) has been awarded the ‘We Invest in People’ Gold accreditation from Investors in People, a UK-based, non-profit accreditation body.    The bank joins 17% of select organisations internationally who have received


Benefit wins top honours at Smart Cities Summit Bahrain

Benefit, a key fintech and electronic financial transactions services firm in Bahrain, said it has won the ‘Smart Finance Award’ for one of its key application at the recently held Smart Cities Summit Bahrain 2021.    The 5th edition of the summ


AIB signs education financing deal with Gulf University

Al Baraka Islamic Bank (AIB), has signed an agreement with Gulf University to provide education financing for students who wish to enrol at the university.   The ceremony which was held between both entities at Al Baraka’s headquarters, was attended by Fat

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