Business

CBB grants first BNPL license to Tamara Bahrain

Manama, The Central Bank of Bahrain (CBB) has granted Tamara Bahrain the first Buy Now Pay Later (BNPL) license to operate in the Kingdom.

Tamara is a payment platform headquartered in Saudi Arabia with operations in the United Arab Emirates and Kuw…

Hyundai Motor, Saudi foundation sign MoU for smart city project

Seoul, Hyundai Motor Group said Tuesday it has signed an initial pact with a Saudi Arabian foundation for cooperation in a smart city project.

The South Korean automotive group and Misk Foundation signed a memorandum of understanding (MoU) for a par…

Council of Arab Central Banks 48th meeting kicks off in Cairo

The 48th ordinary session of the Council of Arab Central Banks and Monetary Authorities’ Governors kicked off Tuesday here with the participation of Governor of the Central Bank of Kuwait (CBK), Basel Al-Haroon.

During his speech in the opening sess…

Oil rises on Middle East supply risks

Oil prices rose on Monday, affected by increasing concerns about a possible disruption in supply from the Middle East region, after Israel intensified its attacks.

By dawn today, Brent crude futures for November delivery rose 16 cents, or 0.22%, to $…

PM monitors efforts to secure petroleum supplies for power plants

Prime Minister Mostafa Madbouly held a meeting on Monday 30/9/2024 to discuss efforts to ensure a consistent supply of petroleum products for power plants.

Attending the meeting were Minister of Electricity and Renewable Energy Mahmoud Essmat, Minist…