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This marks a substantial growth compared to $1.05 billion in the same period in FY 2022/2023
Zarina, a small business owner and Dordoi Bazaar merchant, was able to access the global digital economy thanks to impactful Visa partnership.
21 banks will provide loans to small and midsize technology companies at a 1.75 percent interest rate under this program
A regional and global winner of the Visa Everywhere Initiative, fintech company Thrive Agric is digitally enabling smallholder farmers across Africa
Meanwhile, domestic credit saw a 5.8 percent annual increase to QAR1.26 trillion
The reserves surged by 14.4 percent
The global volume of digital wallets is forecasted to reach $12 trillion annually by 2028
Meanwhile, the value of cash deposits in the central bank reached AED15.466 billion in January 2024
The cash dividends are equivalent to 7.3338 fils per share
The demand for treasury bills remained robust this week, indicating investor confidence in the country's fiscal health
Assets grew by 0.8 percent
The financial support and land sale deal contributed to the NFA improvement
CBK has specified that this issuance will remain valid for a period of three months
The company achieved $1 billion net profit in 2023
A significant step forward in modernising Oman’s financial infrastructure, says CBO
The newest services include the cutting-edge immediate fraud solution, expanded network-agnostic fraud mitigation
Achieving sustainable development and supporting developing countries remains a priority
Supporting economic diversification in line with Oman Vision 2040
The new product tracks the EIBOR, providing investors a return of 0.5 percentage points above the benchmark's performance
Mubadala seeks to double its exposure in Asia by 2030
Digital transformation ushers shift in banking dynamics in the Gulf region
Eligible businesses on Al Reem Island will be exempt from the fees associated with obtaining an ADGM commercial license until October 31, 2024
Move marks significant step for CBDC ecosystem amid rising adoption
The bank reported a net profit of $141.34 million in 2023
