Friday 24 September 2021

Dubai Economy issues over 5,800 new licences in August

Dubai Economy, the department of economic development for the emirate, has announced that 5,885 new licenses were issued during August, up 54% compared to the same period last year, when 3,829 licenses were given.    The Business Registration and Licensing


Sohar International seals strategic deal with Ooredoo

Omani bank Sohar International has signed a strategic agreement with Ooredoo (Omani Qatari Telecommunications Company), to provide affordable and convenient payment options for its credit card holders through its easy payment plan.    Following this new agr


500 Startups closes largest fund raised to date

500 Startups, one of the world’s most active venture capital firms, has announced the closing of a $140 million global flagship fund--the firm’s largest fund to date--bringing assets under management to $1.8 billion.     Now rebranded as 50


Oman Air Holidays, NBO offer 10pc off on travel packages

With travel restrictions being eased, Oman Air Holidays has partnered with National Bank of Oman (NBO) to offer cardholders a 10 per cent discount on packages and services.    Valid across an extensive network of domestic and international destinations, and


CBB issues guidelines for Phase Two of Bahrain Open Banking

The Central Bank of Bahrain (CBB) has directed all retail banks and financial institutions to implement the requirements for the second phase of the Bahrain Open Banking Framework (Bahrain OBF) by June 30 next year.   The first phase of the Bahrain OBF had been


NBB to provide funding for solar panels installation

The National Bank of Bahrain (NBB) is offering exclusive financing plans for its retail customers looking to make sustainable life choices by installing solar energy panels.    The offer is designed to enable applicants within the kingdom to contribute mean


Global banking sector market cap grows 40% from Q2 2020

In just 12 months between Q2 2020 and Q2 2021, the global banking sector's market cap has surged 39.62%, adding €2.1 trillion ($2.48 trillion) from €5.3 trillion to €7.4 trillion, according to data acquired by Finbold.   As a critical player i


ADFD to fund $6.5m modernisation of Mauritania fishing port

Abu Dhabi Fund for Development (ADFD) has signed an MoU with the Government of Mauritania to finance a major refurbishment and modernisation project valued at around AED24 million ($6.5 million).    The project is the Tanit Fishing Port, an artisanal fishin


Vopy Payments selects FSS Technologies

FSS (Financial Software and Systems), a leading global provider of integrated payment products and a payment processor, has been selected to work with Vopy Payments. The partnership is designed to support European digital commerce growth through a premium embedded finance approach.

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