Business & Money | Sunday 9 July, 2023 8:53 am

Sharakah and Muscat Finance collaborate to drive SME growth and support Green initiatives

To empower SME growth and foster impact investment in Oman, Sharakah and Muscat Finance have joined forces through a Memorandum of Understanding (MOU). Ali bin Ahmed Muqaibal, CEO of Sharakah, and Hussain Al Lawati, CEO of Muscat Finance, signed the MOU in a ceremony. By harnessing...

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Business & Money | Saturday 8 July, 2023 8:19 am

UAE Banks Federation hosts seminar on future of open banking and finance

UAE Banks Federation (UBF), the sole representative and unified voice of UAE banks, organised a virtual seminar on the prospects of open banking and finance on the 22nd of June, 2023. Several experts from the financial technology and banking sectors and senior executives of member banks of the...

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Business & Money | Saturday 8 July, 2023 6:41 am

SAMA issues executive regulations for payments law

The Saudi Central Bank (SAMA) issued the executive regulations of the payments and payment services law to help enhance soundness and efficiency of the payment systems infrastructure in the Kingdom.   In its statement, SAMA said the relevant regulatory and supervisory frameworks...

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Business & Money | Saturday 8 July, 2023 12:44 am

Electrical Industries' subsidiary inks SAR 153 mln supply contract with Saudi Aramco

Electrical Industries Co.'s subsidiary Saudi Power Transformers Co. signed a contract with Saudi Aramco for the supply of transformers to the latter, according to a statement to Tadawul.   The SAR 153 million deal has a supply term of 20 months, said the...

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Business & Money | Friday 7 July, 2023 1:54 am

Farnek awarded FM contracts worth AED 356 million in H1 2023

Leading UAE-based smart and green facilities management (FM) company Farnek has secured a host of new and retained contracts, valued at more than AED 356 million during the first six months of 2023.    In total Farnek has been awarded 69 contracts, an average of eleven every...

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Business & Money | Friday 7 July, 2023 1:51 am

Forbes Middle East Unveils The Top 50 Women Behind Middle Eastern Brands For 2023

Forbes Middle East has revealed its highly-anticipated fifth edition of the 50 Women Behind Middle Eastern Brands list for 2023. This ranking unveils a captivating cohort of visionary women who are redefining the landscape for fashion, beauty, jewelry, accessories, footwear, and perfume. With...

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Business & Money | Friday 7 July, 2023 1:46 am

Azizi Developments accelerates digital transformation journey

Azizi Developments, a leading private developer in the UAE, is advancing rapidly in its digital transformation journey through the implementation of several new IT solutions, effectively enhancing its operational efficiency and raising the level of convenience, transpareny and overall service...

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Business & Money | Friday 7 July, 2023 1:41 am

Forbes Middle East Reveals The Top 20 Women Behind Middle Eastern Tech Brands For 2023

As MENA continues to evolve as a hub for visionary female founders igniting a technological revolution, Forbes Middle East has released its annual ranking of the most successful 20 Women Behind Middle Eastern Tech Brands for 2023. These remarkable entrepreneurs have not only established robust...

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Business & Money | Thursday 6 July, 2023 4:22 pm

KAPSARC Receives Two OPEC Awards for Research Accomplishments

The King Abdullah Petroleum Studies and Research Center (KAPSARC), a Riyadh-based advisory think tank, was honored with two awards during the 8th OPEC International Seminar held in Vienna on 5-6 July 2023. At the event, the Center received the 'Best Energy Research Institute Award' recognizing its...

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Business & Money | Thursday 6 July, 2023 10:59 am

Gulf Islamic Investments strengthens its presence in the Kingdom of Saudi Arabia through its acquisition of a CMA-licensed financial company

Gulf Islamic Investments (GII) expanded its operations in Saudi Arabia substantially in 2023 with the acquisition of a full investment licence from the Saudi Capital Market Authority (CMA) and the planned opening of a GII office in Riyadh this year.  A leading Shari’ah-compliant...

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