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Tariffs: GCC banks face limited direct impact; oil prices keyUS tariffs are likely to only have small direct effects on GCC bank operating environments, but indirect impacts due to lower oil prices and weaker global economic activity, which could lead to lower government spending, will be key, Fitch Ratings says. GCC ex More… |
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PwC Middle East expands Manama hubPwC Middle East, one of the world’s leading professional services firms, has announced a strategic expansion to its Manama office to strengthen its capacity to provide multi-sector advisory and operational services to clients both locally and across neighbouring markets integrating with More… |
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Oman Investment Bank appointment new Acting CEOThe Board of Directors of Oman Investment Bank has appointed Mohamed Sultan Salim Al Habsi as Acting Chief Executive Officer of the bank. This appointment represents a key step in the bank’s leadership transition and underscores its ongoing commitm More… |
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United Carton Industries announces IPOUnited Carton Industries Company (UCIC), the largest corrugated carton manufacturer in the Middle East and North Africa region, on Tuesday announced its intention to proceed with the initial public offering (IPO) and the listing of its ordinary shares on the Main Market of the Saudi Exchange. More… |
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Lazard expands into UAE with office in Abu DhabiLazard, one of the world's preeminent financial advisory and asset management firms, has announced its strategic expansion into the United Arab Emirates, establishing Abu Dhabi as the financial advisory main office for the country, subject to regulatory approval. More… |
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Quarterly net profits of GCC firms see drop in Q4, 2024Quarterly net profits reported by companies listed on GCC exchanges continued to decline, reaching a three-quarter low level during Q4-2024, according to a Kamco Invest report. Aggregate profits during the quarter declined by 5% q-o-q to reach $57. More… |
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PayPal, TerraPay partner to expand cross-border paymentsPayPal, a global digital payments and commerce platform, today announced a strategic partnership with TerraPay, a leading global money movement company, to enable real-time fund transfers for PayPal customers across the Middle East and Africa. This partn More… |
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Visa enables money transfers by mobile number in BahrainVisa, a global leader in digital payments, has introduced Visa+ service in Bahrain, allowing users to send money to Visa cardholders within GCC using only recipient’s mobile number. The innovative service, made available through Benefitpay, is avai More… |
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National Finance signs partnership with IFC to advance sustainable financeNational Finance, a leading finance company in Oman, has entered a partnership with the International Finance Corporation (IFC), a member of the World Bank Group, to advance sustainable finance in Oman. This collaboration was formalised during a signing More… |
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KKR appoints General Petraeus as chairman of Middle EastKKR, a leading global investment firm, today announced that it is expanding its presence in the Middle East including the appointment of General David Petraeus as Chairman of KKR Middle East. It will also establish a dedicated investment team in the region led More… |
