Dubai: Oman’s banking sector is set to roll out a national payment card under the direct supervision of the Central Bank of Oman (CBO), marking a major milestone in the country’s financial and digital payments journey. The initiative is designed to provide consumers and businesses with a secure, seamless, and convenient payment experience, while reducing […]
BENEFIT introduces business account feature on BenefitPay to enhance merchant payments in Bahrain
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has unveiled a new feature on BenefitPay application, following a directive issued by the Central Bank of Bahrain to allow merchants to seamlessly add and manage business accounts. This new feature is designed to support single-owned commercial registrations, enabling them to […]
Khaleeji Bank and eTijwaal partner to offer eSIMs for travellers
Manama, Kingdom of Bahrain: Khaleeji Bank, one of Bahrain’s leading Islamic banks, has announced a strategic partnership with the eTijwaal App, a leading digital platform providing eSIM services for travellers. This collaboration aims to deliver seamless and convenient connectivity solutions to the bank’s clients during travel, as well as enjoy exclusive cashback offers of up to […]
Al Baraka Islamic Bank Signs Strategic Partnership with Dhaman to Boost Trade Finance Capabilities
Manama, Kingdom of Bahrain: Al Baraka Islamic Bank Bahrain, one of the leading Islamic banks in the Kingdom of Bahrain, has recently announced the signing of a significant strategic partnership agreement with the Arab Investment and Export Credit Guarantee Corporation (Dhaman). The agreement will enable the Bank to expand its international banking partnerships and provide […]
Geneva-headquartered Swiss bank BCP Secures DFSA Licence to Launch Full Branch in Dubai
Dubai, UAE – BCP (Banque de Commerce et de Placements), the Swiss Bank headquartered in Geneva, announces today a significant milestone in its Middle East growth strategy: the transformation of its Dubai Representative Office into a fully operational Branch, following the successful acquisition of a Category 4 licence from the Dubai Financial Services Authority (DFSA) within […]
National Bank of Oman (NBO) Launches Direct Debit E-Mandate to Streamline Recurring Payments
Muscat: The National Bank of Oman’s (NBO) Direct Debit E-Mandate offers secure and automated recurring payment solutions for both corporate and retail customers. It reflects the bank’s commitment to provide convenient, flexible, and efficient digital banking experiences while driving innovation in the Sultanate’s financial sector. Aligned with the Central Bank of Oman’s efforts to modernize payment […]
Dubai Rental Disputes Center and Dubai Police enhance smart digital payment system
Official visit highlights innovation in advancing electronic integration of judicial systems Dubai, UAE: The Dubai Rental Disputes Center today welcomed a high-level delegation from Dubai Police, led by H.E. Major General Hareb Muhammad Al Shamsi, Acting Commander-in-Chief of Dubai Police. The visit was attended by His Excellency Judge Abdulqader Mousa Mohammed, Chairman of the Rental Disputes […]
ADRA issues 5,930 new economic licences to Emirati Women Entrepreneurs
Abu Dhabi: The Abu Dhabi Registration and Licensing Authority (ADRA), the Abu Dhabi Department of Economic Development’s (ADDED) arm to develop and regulate the business sector, has announced the issuance of 5,930 new economic licences to Emirati women entrepreneurs in a year, reaching 21,115 licences by end of June 2025, showcasing the effectiveness of initiatives to […]
Verto Launches Atlas Suite to Transform Cross-Border Payments Across Africa
This allows customers to enjoy faster, more reliable, and compliant financial services across multiple currencies and markets. Verto, a leading B2B global payments platform, has launched The Atlas Suite, a next-generation set of API-first embedded finance solutions designed to simplify cross-border payments. With a single multi-currency payment API, financial institutions, online marketplaces, e-commerce platforms, and […]
Sheraa launches Sharjah Women Impact Fellowship to Scale Women-Led Ventures in the UAE
Registration closes on October 5th. A 16-week program bringing together 12 women founders to scale their ventures and broaden their impact. AED 500,000 equity-free grant by the family of the late Dr. Mahmoud Fikri to support women founders to scale ventures that benefit society. Sheikha Bodour Al Qasimi: We are entering a new phase of empowerment, […]