Sunday 28 May 2017

Now pay RTA fines in instalments via ADCB

The Roads & Transport Authority (RTA) in Dubai has teamed with the Abu Dhabi Commercial Bank (ADCB) in launching an initiative enabling motorists to pay for their RTA fines and seasonal parking card rates in easy instalments. It involves the offering, through the ADCB, of interest-


Ria Money Transfer launches GCC, India expansion

Ria Money Transfer, claimed to be the third largest money transfer company in the world and subsidiary of Euronet Worldwide, has announced its expansion and ramp-up in the GCC countries. The company has more than 50 key business partnerships in the banking and financial services


UK’s Future Thinking opens new Dubai office

UK-based Future Thinking, a top data-driven business intelligence consultancy, has teamed up with its sister agency GemSeek for a new Dubai office, rolling out their combined offering for the Mena region. The new office, based at the Jumeirah Lakes Towers, will be led by Abhi Roy


Mobile remittances from UAE to Kenya up 14pc

Xpress Money, a global money transfer brand, has seen a 14 per cent increase in remittances from the UAE that culminate onto mobile wallets in Kenya in the last 2 years. The brand forecasts an additional increase of 5 per cent by the end of 2017. Mobile payments ar


Oman’s PEIE inks $129m facility with BankDhofar

Oman’s Public Establishment for Industrial Estates (PEIE) has signed financial facility worth RO50 million ($129 million) with Bank Dhofar for several infrastructure projects undertaken by the PEIE in its industrial estates, a report said. “Moreover, the agreement rep


Bahrain business confidence index gains in Q2

The business confidence index in Bahrain has amounted to more than 19.91 positive points in the second quarter of 2017, according to a survey conducted by the Information & eGovernment Authority (iGA). The survey measures indexes of investors’ confidence, evaluate the c


Boeing signs defence, commercial deals with Saudi

Boeing has signed several defence and commercial agreements with Saudi Arabia, bolstering their partnership and creating thousands of jobs in both the US and Saudi Arabia during a visit by US President Donald Trump to the kingdom. President Trump and Secretary of State Rex Tiller


Alabbar buys key stake in top venture capital firm

Mohamed Alabbar, founder and chairman of Dubai-based Emaar Properties, has acquired a non-controlling stake in Middle East Venture Partners (MEVP), a leading venture capital firm in the region. The move is aimed at creating one of the leading venture capital investment platforms


Mastercard opens Levant HQ in Amman

Mastercard, a leading technology company in the global payments industry, has established its Levant headquarters in Amman, Jordan, coming closer to partners in Jordan, Lebanon, Iraq and Palestine. This follows the recent inauguration of its offices i


Sico launches online trading platform

Securities & Investment Company (Sico), licensed by the Central Bank of Bahrain as a conventional wholesale bank, has launched a Mena-wide online brokerage trading platform – ’sicolive’.  This seamless and secure multi-functional service will enable cli

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