Thursday 27 July 2017
 
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GIB wins retail banking licence in Bahrain

Gulf International Bank (GIB), a leading bank in the Middle East region, said it has been granted a conventional retail banking licence by the Central Bank of Bahrain. Bahrain-based GIB is owned by the governments of the six GCC c

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GIB wins retail banking licence in Bahrain

Gulf International Bank (GIB), a leading bank in the Middle East region, said it has been granted a conventional retail banking licence by the Central Bank of Bahrain. Bahrain-based GIB is owned by the governments of the six GCC c

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DFSA offers Innovation Testing Licence for FinTech firms

The Dubai Financial Services Authority (DFSA) has announced that it will allow financial technology (FinTech) firms to apply for a class of financial services licence referred to as an Innovation Testing Licence (ITL). This initia

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DFSA launches licence initiative for fintech firms

The Dubai Financial Services Authority (DFSA) has today announced that it will allow financial technology (fintech) firms to apply for a class of financial services licence referred to as an Innovation Testing Licence (ITL).  

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Dubai Islamic Bank unit wins Kenya licence

Dubai Islamic Bank,  the largest Shariah compliant lender in the UAE, said its Kenyan subsidiary, DIB Bank Kenya, has been granted licence by the central bank to carry out operations in the east African nation. With this appr

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Lebanon to go ahead with offshore gas licensing round

The Lebanese government is set to continue the first round of oil and gas tenders and award the contracts to the winning companies based on transparent standards, said a report, citing a senior minister.   Minist

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Zain Saudi Q4 net profit surges 7pc to $303m

Zain Saudi Arabia, a leading telecommunications provider in the kingdom, has registered a gross profit of SR1.14 billion ($303 million) in the fourth quarter, up 7 per cent over SR1.06 billion ($282 million) for the same period in 2015.

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Oman plans one-stop-shop for mining licence

Oman’s Public Authority for Mining (PAM) is planning to set up a one-stop-shop facility for investors applying for a mining licence, said a report. The proposed facility will become a part of the new mining law, and is expec

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Port Services Corp licence for Muscat port extended

Port Services Corporation (PSC) has agreed the terms of a deal with the government to continue the operation and management of Port Sultan Qaboos in Muscat for an additional year beyond the expiry of the current licence on December 31, said a re

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Saudi Arabia to award cargo operator’s licence

Saudi Arabia's General Authority of Civil Aviation (GACA) is set to issue a request for proposal (RFP) in February to award the second cargo operator’s licence at King Khalid International Airport in Riyadh, said a report.

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