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Omani banks seek merger to create $7bn giant

Omani banks seek merger to create $7bn giant

The wave of consolidation among banks in the Gulf is spreading to Oman from Saudi Arabia, the United Arab Emirates and Qatar.

Oman Arab Bank said on Thursday it’s seeking a merger with Alizz Islamic Bank, in a move that may create a lender with assets of about $7 billion. The bank approached Alizz to explore the possibility of a "strategic c

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Dubai launches world's first virtual charity foundation

Dubai launches world's first virtual charity foundation

The Islamic Affairs & Charitable Activities Department, in corporation with Dubai Future Foundation, has developed two artificial intelligence (AI) projects - the Virtual Charity Foundation and Virtual Ifta.

The Virtual Charity Foundation is the world’s first charity institution that allows donations to be routed directly from donor to b

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UAE University works on skin moisture device to monitor health

UAE University works on skin moisture device to monitor health

UAE University (UAEU) has revealed that one of its research teams has developed a moisture monitor for the human skin, which can be used without surgery to monitor human health.

The initiative analyses the condition of the skin through remote sensing techniques, state news agency WAM reported.

Researcher Dr Najah Abu Ali, member of the Network

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UAE firms told they have until Monday to submit tax returns

UAE firms told they have until Monday to submit tax returns

The UAE's Federal Tax Authority (FTA) has warned companies that Monday is the final deadline for submitting tax returns and paying due taxes for the tax period that ended on April 30.

It also announced the release of eight educational awareness videos targeting businesses, introducing them to the simple four-step procedure for submitting tax

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Etihad's stadium naming deal in Melbourne set to end

Etihad's stadium naming deal in Melbourne set to end

The Etihad Stadium in Melbourne, Australia will be renamed the “Marvel Stadium” when Etihad’s deal comes to a close in August, it was announced on Thursday.

The move comes after a new eight-year naming rights deal was struck with Walt Disney Abu Dhabi, which will also see a Marvel retail store installed at the grounds.

“This partnership will allow

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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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