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Bank Muscat posts net profit of RO 51.30 million for Q1 2023

Bank Muscat posted a net profit of RO 51.30 million for the period compared to RO 48.26 million reported during the same period in 2022, an increase of 6.3 per cent.

80% consumers in Middle East embrace digital payments: Report

Consumers in the Middle East have also underlined the importance of strong values, with 80% saying they prioritized buying from businesses that act on causes they care about, a far higher proportion than the global average of 63%.

Dubai court orders KPMG to pay investors $231 million over Abraaj fund audit

The award is one of the largest ever against an accounting firm.

Oman’s EDO reduces borrowing costs on $2.5b loan

The move sets a new benchmark for EDO and represents a significant saving for the company.

Eid Al Fitr: Oman announces 5-day holiday, early salary

Both public and private sector employees will get a five-day weekend starting from Thursday, April 20.

UAE’s GDP doubled, foreign trade jumped 5 times in 17 years: Sheikh Mohammed

UAE's foreign trade jumped from AED415 billion to AED2,200 billion, and the GDP doubled to reach AED1,800 billion in the same period.

UAE ratification of MP14 boosts global fight against unruly passengers

Effective from 1 May, authorities in the UAE will have the jurisdiction to manage unruly and disruptive passengers that land in the country, irrespective of where the aircraft is registered.

Huawei looks to move Middle East HQ to Saudi Arabia: Report

The Chinese tech giant, is already in talks with Riyadh authorities to setup the HQ in Riyadh.

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