Gulf Cooperation Council

Pluto Partners With Mastercard on Payment Options in GCC Region 
Pluto Partners With Mastercard on Payment Options in GCC Region 
November 30, 2023  |  B2B Payments

Pluto, a provider of financial corporate spend management solutions in the United Arab Emirates (UAE), has partnered with Mastercard to provide B2B payment solutions in the Gulf...

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Lulu Group Raising $2.72 Billion to Reposition Business for IPO
Lulu Group Raising $2.72 Billion to Reposition Business for IPO
August 10, 2023  |  Investments

Abu Dhabi-based LuLu Group International, which owns one of the largest hypermarket chains in the Middle East, is reportedly raising 10 billion dirhams (about $2.72 billion)...

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Bahrain Gets Permission to Join Gulf Region Payment System
Bahrain Gets Permission to Join Gulf Region Payment System
May 01, 2023  |  Payment Methods

Bahrain is set to join other Persian Gulf region countries in a unified payments/settlement system. The country’s Shura Council approved the move this weekend, according...

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Steve Madden to Expand GCC Footprint via Joint Venture
Steve Madden to Expand GCC Footprint via Joint Venture
January 30, 2023  |  Retail

Apparel Group and Steve Madden have entered into a joint venture. The Dubai-based retail group has signed an agreement with the U.S. fashion company to...

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Banks Help Power Foreign Real Estate Investing in London
Banks Help Power Foreign Real Estate Investing in London
December 19, 2022  |  Real Estate

A weak pound sterling is making London a prime target for GCC real estate investing. And there are plenty of banks in the city ready...

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Tech and Capital Markets Reform Fuel GCC IPO Boom
Tech and Capital Markets Reform Fuel GCC IPO Boom
November 29, 2022  |  Market Conditions

It’s been a dry year for initial public offering (IPO) volume around the world. But while most stock markets have experienced a decline in both...

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Mobile is King as Digital Payments Gain Ground in GCC
Mobile is King as Digital Payments Gain Ground in GCC
November 07, 2022  |  Mobile Payments

Between growing smartphone penetration, the proliferation of new FinTech solutions and a growing shift from cash to digital payments, the Gulf Cooperation Council (GCC) region...

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Remittance Marketplace Model Unlocks Payments Innovation for GCC Expats
Remittance Marketplace Model Unlocks Payments Innovation for GCC Expats
November 04, 2022  |  Cross-border Payments

As elsewhere, in the Gulf Cooperation Council (GCC) region, the remittance market has traditionally been dominated by a few major players. According to Amir Fardghassemi,...

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Weak Pound Makes UK Tech Investment Bargain for Gulf Sovereign Wealth Funds
Weak Pound Makes UK Tech Investment Bargain for Gulf Sovereign Wealth Funds
October 30, 2022  |  Investments

Sovereign wealth funds (SWFs) of the Gulf Cooperation Council (GCC) are emerging as major centers of economic gravity whose movements affect the entire world, so...

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