GCC Business News

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Dubai Culture signs MoU with UAE Ministry of Economy

1 month ago | gccbusinessnews.com | Shilpa Annie Joseph

The Dubai Culture and Arts Authority (Dubai Culture) has signed a Memorandum of Understanding (MoU) with the UAE Ministry of Economy to strengthen collaboration on enhancing the nation’s intellectual property (IP) framework. This partnership aims to support sustainable development and amplify the impact of the cultural and creative industries, recognizing IP as a key pillar for economic growth and innovation.
Ajman DoF and Ajman Bank to strengthen digital finance

1 month ago | gccbusinessnews.com | Arya M Nair

The Department of Finance in Ajman has signed a strategic partnership agreement with Ajman Bank, to strengthen digital financial integration, reduce bureaucracy, and improve the effectiveness of financial operations while delivering high-quality financial services.
Careem Pay expands remittance service to Jordan

1 month ago | gccbusinessnews.com | Arya M Nair

Careem Pay, the digital payments platform within the Careem app, has expanded its remittance service to Jordan, allowing UAE residents to send money directly to bank accounts in Jordan quickly and at competitive rates.
Saudi EXIM Bank inks MoUs with Tajikistan's State Unitary Bank and AFESD

1 month ago | gccbusinessnews.com | Shilpa Annie Joseph

The Saudi EXIM Bank has signed two memoranda of understanding (MoUs) with the State Unitary Enterprise Industrial and Export Bank of Tajikistan and the Arab Fund for Economic and Social Development (AFESD). The agreements, signed during the 2025 Islamic Development Bank (IsDB) Group Annual Meetings held in Algeria, aim to expand strategic cooperation and enhance access for Saudi non-oil exports to promising international markets.
NCC and Singapore Ministry of Law unite on legal research

1 month ago | gccbusinessnews.com | Arya M Nair

Saudi Arabia’s National Competitiveness Center (NCC) and Singapore’s Ministry of Law have signed a memorandum of cooperation to enhance the legal and regulatory frameworks in both countries. The agreement, signed in Riyadh by Minister of Commerce and Chairman of the National Competitiveness Center Dr. Majid Al-Kassabi and Singapore’s Minister of Law, Edwin Tong, is part of broader efforts to drive sustainable economic growth and improve global competitiveness.
Muzn Islamic Banking signs MoUs to support key real estate projects

1 month ago | gccbusinessnews.com | Shilpa Annie Joseph

NBO Muzn Islamic Banking has signed two Memoranda of Understanding (MoUs) with Sohar Real Estate Development to support the Hai Majd Project and Zain Property Development to support the Husn Al Zain Project. The agreements enable Muzn Islamic Banking to provide Sharia-compliant home financing solutions to eligible customers purchasing properties developed under the Sorouh Initiative for Integrated Residential Neighborhoods.
CTM360 to strengthen cybersecurity capabilities of Fawry

1 month ago | gccbusinessnews.com | Arya M Nair

CTM360, a globally recognized leader in Digital Risk Protection based in Bahrain, has partnered with Fawry, Egypt’s leading fintech company, to strengthen its cybersecurity capabilities and protect its digital ecosystem from evolving online threats. The collaboration is a key step in Fawry’s commitment to strengthening its digital defenses and ensuring a safer online experience for its customers and partners.
Dubai Humanitarian and ASEAN emergency response efforts

1 month ago | gccbusinessnews.com | Arya M Nair

Dubai Humanitarian and the ASEAN Coordinating Centre for Humanitarian Assistance on Disaster Management (AHA Centre) have signed a Letter of Intent (LoI) in Siem Reap, Cambodia, marking a major milestone in enhancing joint humanitarian action across Southeast Asia. The agreement sets the foundation for strategic cooperation between the two entities to bolster emergency preparedness and response efforts across the ASEAN Member States impacted by natural disasters and other humanitarian crises.
Boursa Kuwait wins 'Best for Sustaining Communities – Middle East' award 2025

1 month ago | gccbusinessnews.com | Shilpa Annie Joseph

Boursa Kuwait was awarded the ‘Best for Sustaining Communities – Middle East’ award for 2025 by Global Finance as part of the magazine’s Sustainable Finance and Investment Banking Awards ceremony. Global Finance’s recognition of Boursa Kuwait reaffirms the company’s unwavering commitment to the highest standards of environmental, social, and governance (ESG) implementation and reporting and adopting them within its operational framework.
Ahlibank opens dedicated branch for Al Nukhba and Exclusiv clients

1 month ago | gccbusinessnews.com | Shilpa Annie Joseph

Oman’s ahlibank has inaugurated a new branch featuring dedicated service centers for the ‘Al Nukhba’ and ‘Exclusiv’ individual private banking segments. The new branch is strategically located on 18th November Street in Muscat, and has been equipped to the highest banking standards to meet the expectations of the bank’s premium clientele. This initiative offers an exceptional banking experience that combines privacy, comfort, and excellence in the range of services and products provided.