Mastercard has entered into a strategic partnership with the real-time payment solutions company, ProgressSoft, to ease the integration of Mastercard Cross-Border Services and accelerate cross-border remittances across the Middle East and North Africa. With Mastercard Cross-Border Services, financial service providers can seamlessly process digital payments leveraging its global network through a single connection. Furthermore, these
The latest Economic Insight report for the Middle East, commissioned by ICAEW and compiled by Oxford Economics, reveals the UAE economy is close to fully recovering losses brought about by the pandemic and last year’s energy price slump. Higher oil output, loosening of COVID-19 restrictions and the recent start of the delayed Expo 2020 Dubai
GMG—a global well-being company retailing, distributing and manufacturing a portfolio of leading international and home-grown brands across sport, food and health sectors—has announced that the company will have the official rights to manage, distribute,and retail the Nike brand in Egypt and Iraq starting in Q3 2022 through its sports vertical, GMG Sports. The expansion of
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE and the leading powerhouse in the world of Islamic Finance, today announced plans to offer customers membership of the Trade Club Alliance (TCA)–an innovative international digital business networking platform, offering Corporate and SME clients a wealth of relevant trade expertise and the opportunity to
Cathay Pacific Cargo is launching Click & Ship, its new digital booking platform, progressively across its network starting this month. Click & Ship promises booking transparency and speed, day and night. Customers in the Middle East, particularly in UAE and Bahrain can view prices and capacity, and book cargo with instant confirmation in just three
Following an unprecedented economic shock caused by the sudden global health crisis, mergers and acquisitions (M&A) activity stopped in its tracks in 2020. However, the segment has since rebounded strongly, with deals soaring in volume and value in 2021, according to a new report by Boston Consulting Group (BCG)in collaboration with Germany’s Professor Sönke Sievers
The Austrian National Tourist Office held a travel workshop in Dubai today to shed light on the latest travel updates to Austria and the reasons that put the European country on top of the travellers’ lists. The event, organized in collaboration with Emirates Airline and 13 Austrian partners representing tourist boards, companies, and hotels, was
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