back to top
Search

Oman grants payment service provider licence to two top firms

The Central Bank of Oman (CBO) announces the granting of Payment Service Provider (PSP) license to two non-banking financial entities (fintech companies)

Market

The CBO has granted PSP license to Oman National Engineering and Investment Company (ONEIC) and Oman Investment and Finance Company (OIFC); the two companies will soon launch their first smart electronic services.

The license was granted as these companies fulfill the conditions and conform to the legislation and laws in the Sultanate of Oman.

This step aims to enable institutions operating in the technology sector to carry out their activities and expand the scope of their work with ease by benefiting from successful global and regional experiences in this sector.

Latest

Market

Two in three eye career moves amid Saudi Arabia’s booming hiring market as 66% of professionals plan a switch

0
The Kingdom is experiencing a dynamic shift driven by...
Technology

American chipmaker Intel hits Chinese clients with further limitations to export advanced AI chips

0
Intel has informed Chinese clients it will now require export licenses for certain advanced AI chips, marking the latest escalation in U.S. restrictions on semiconductor trade with China.
Technology

Nvidia faces $5.5 billion blow as U.S. curbs AI exports to China

0
The announcement sent shockwaves through markets, slashing Nvidia's shares...
Technology

94% of enterprises in UAE bet on AI to drive significant expansion, with half expecting rapid ROI, says the latest SAP report

0
UAE enterprises are increasingly placing artificial intelligence (AI) at...
spot_img

Don't miss

Market

National Life and General Insurance Company: Delivering value beyond insurance to customers

0
Oman’s largest insurer NLGIC is on course to become a regional multi-line, multi-country giant delivering value beyond insurance to the customers.
Innovation

AI central to UAE’s economic diversification, says COP28 President-Designate

0
AI will contribute to the UAE’s net zero strategic initiative by 2050 and help unlock advances in climate progress, says H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology.
Market

Economic growth in GCC to more than halve in 2023: World Bank report

0
However, the GCC growth will still outperform the wider Middle East and North Africa region, forecast to grow by 3% in 2023, down from 5.8% growth in 2022.
Technology

KitchenomiKs aims to transform on-demand food economy in Oman

0
KitchenomiKs cooks up dainty on-demand delicacies, tossing in emerging technologies, yummy multi-brand choices and seamless delivery.
Market

Real estate sector in GCC experiencing ‘profound transformation’: Expert

0
The real estate sector in the GCC region is...
spot_imgspot_img

Two in three eye career moves amid Saudi Arabia’s booming hiring market as 66% of professionals plan a switch

businessadmin -
The Kingdom is experiencing a dynamic shift driven by higher salary expectations, expanding sectors, and a national drive to hire more Saudi talent. According to...
Read more

Dubai’s Mall of the Emirates announces Dh5 billion expansion adding 20,000 square meters and key infrastructures

businessadmin -
The Mall of Emirates expansion plans to add 100 new stores and 20,000 square meters of space to its already sprawling footprint. Owned by Majid...
Read more

Dubai real estate sector sees $38 billion of sales in Q1

businessadmin -
The latest data from fäm Properties shows that the Q1 figures came close to the all-time record of AED147.2 billion posted in Q4 2024,...
Read more

Categories

Most recent

Most popular

Business Plus © - All rights reserved | Powered by TAS Media Group