Oman announces $20 bn extra liquidity amid Covid-19 outbreak
Oman’s central bank asked local banks to cut banking fees, adjust capital...
Middle East
Dubai Islamic Bank agrees to increase foreign ownership limit to 40%
Currently the foreign ownership limit in the bank is 25%...
Mubadala increases its ownership in Thailand’s Manora oil field to 70%
Mubadala acquired a 10% interest in the offshore block from Northern Gulf...
Abu Dhabi records real estate deals worth Dh58 bn in 2019
Deals includes sales and mortgages of lands, buildings and real estate units...
Mazoon Electricity rolls out prepaid meter service in Oman
Now customers in Oman can buy recharge tokens from multiple payment channels...
ADIB launches digital forex platform for better foreign exchange rates
The digital forex platform is an extension of ADIB Direct, an integrated...
Renewable energy investment in MENA to reach $35 bn in 2020
Currently, there are seven gigawatts of renewable energy projects in the region...
Dubai’s first KYC blockchain data-sharing platform goes live
The platform is launched by Mashreq Bank and Dubai International Financial Centre...
Saudi’s Esnad launches property management firm in Bahrain
The firm will provide end-to-end consultancy services targeting individuals, investors and corporates...
RAKBANK to join RippleNet to drive Philippine remittance footprint
RAKBANK will work with BDO Unibank to power remittance transactions throughout the...