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UAE Opens Borders with New Visa Options
For the first time, the UAE Cabinet has approved a number of new entry permits and visas that do not need a host or sponsor. People from around the world who are planning to visit the UAE– either for business, jobs, or pleasure – can now benefit from a variety of visa options. In addition, [&hel
Bahrain confirms Firm’s Talks to buy AC Milan for US $ 1.1 B
Bahrain’s government announced that a private equity firm based in the country is in “exclusive talks” to buy seven-time European champion AC Milan and become the Italian league’s first Middle East investor.Three days after news of the dealings emerged, Bahrain’s embassy to Britain
Bank Muscat posts Net Profit of RO 48.26 M for Q1 2022
Bank Muscat, the flagship financial institution in the Sultanate, has announced its preliminary unaudited results for the three months ended 31 March 2022. The Bank posted a net profit of RO 48.26 million for the period compared to RO 47.15 million reported during the same period in 2021, an increas
Rakuten Pay Online Payment Rolls Out on Uber Eats
Rakuten Group, Inc. and Uber Eats Japan Inc. announced the launch of a new collaboration integrating Uber Eats with Rakuten Pay’s online payment service, which utilizes the Rakuten ID system. Rakuten Pay will be available as an official payment method when ordering food and groceries on Uber Eats
Nexo and Mastercard launch First Crypto Backed Card
Crypto lender Nexo said it has teamed up with global payments company Mastercard to launch what it calls the world’s first “crypto-backed” payment card. It signals the latest move by crypto and incumbent financial networks to join forces as digital assets become more mainstream. Ne
GM Middle East Hits High Gear with 95% Reduction in Carbon Footprint
Through a series of green initiatives, GM Middle East is doubling down on decarbonization, saving 2,000 metric tons of carbon dioxide annually by 2024. By 2035, GM will have reduced CO₂ emissions by 24,000 metric tons in the UAE, equivalent to planting approximately 876,000 trees, also GM Middle E
Bank Muscat’s Contact Centre enhances Customer Experience
In line with its customer-centric vision of “Serving you better, every day”, Bank Muscat offers a large range of services through its Contact Centre, which is an important channel of communication for customers to get in touch with the bank whenever the need arises. As part of its customer-centr
Twitter’s Top Shareholder Elon Musk decides not to join Board
Twitter Inc’s biggest shareholder, Elon Musk, has decided not to join its board, Chief Executive Parag Agrawal said late on Sunday. Musk, who calls himself a free-speech absolutist and has been critical of Twitter, disclosed a 9.1% stake on April 4 and said he plans to bring about significant
3-year old wins BD 100 K Thimaar Quarterly Grand Prize
Ithmaar Bank, a Bahrain-based Islamic retail bank, presented the BD100,000 quarterly Thimaar grand prize for March to a three-year old Bahraini child, Husain Ali Mohamed.
Gulf States Push Yemen Peace Talks With US $ 3B Pledge
Gulf states pledged $3 billion to Yemen after the country’s president handed over powers to a transitional council, the latest effort by Saudi Arabia and its allies to disentangle themselves from a conflict that has hit their vital oil facilities. Saudi Arabia and the United Arab Emirates will eac