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Economist Impact and Mastercard study reveals that Middle East and Africa is a fertile ground for the growth of super-apps

Economist Impact and Mastercard study reveals that Middle East and Africa is a fertile ground for the growth of super-apps

Super-apps offer a single location from which a consumer can engage in diverse commercial transactions, from calling a cab to paying an electricity bill Wide-ranging study by Economist Impact, the research and analysis arm of The Economist Group, commissioned by Mastercard Middle East and Africa reveals that super-apps have emerged as a business model with

BLOM Lebanon PMI November 2021

Month of November posed uncertainty to the situation in Lebanon. New Lebanese-GCC diplomatic crisis erupted when several Gulf countries recalled their ambassadors and Saudi Arabia, a key export market for Lebanon, banned imports of Lebanese products. This crisis has aggravated tensions within the new Cabinet as well as weighed on the Lebanese manufacturing and tourism

Banque BEMO offers cedar trees to Lebanese abroad “Back to our Cedar Roots” Initiative

Beirut, November 22, 2021: Lebanon is facing the most difficult challenge in its modern history with a collapse of trust in its values, its institutions and its future leading to massive emigration, unemployment, escalating poverty and loss of hope. Banque BEMO, through its recently launched initiative “Back to our Cedar roots”, aims at restoring pride

WorldRemit launches money transfer service to Lebanon

Global payments company expands with Cash Plus to mark entry into Lebanon Customers will be able to send money to Lebanon from countries including France, Canada, the UK, Germany, Australia, and the US Lebanese recipients will be able to collect money transfers from 140 Cash Plus outlets countrywide Beirut, Lebanon – November 2021 – Leading

AlRajhi Bank Chairman & Saudi Labor Minister’s Racketeering Referred to National Anti-corruption Commission & Financial Market Authorities

Washington, D.C. – Nazaha, Saudi Arabia’s National Anti-Corruption Commission, has been given whistleblower evidence that implicates Ahmed S. AlRajhi, the country’s current Minister of Human Resources and Social Development, and his brother, Abdallah S. AlRajhi, Chairman of the world’s largest Islamic bank, in a billion-dollar plan to defraud hundreds of investors through embezzlement, racketeering, forgery,

BLOM Lebanon PMI October 2021: Output and new orders slip further into decline in October

During the month of October, the majority of politicians voted for election next March 2022 despite the president’s office refusal of holding the parliamentary elections around two months ahead of scheduled date for logistical reasons. Moreover, Lebanon’s talks with IMF are expected to officially start in November, followed by much needed monetary aid. In this

Partnership between OMT and AUB

The American University of Beirut (AUB) and OMT signed a new partnership agreement giving AUB students access to more than 1,200 OMT locations across Lebanon to pay their admission fees. During the signing ceremony, AUB President Dr. Fadlo Khuri stated, “This is a dark moment in the history of this country that AUB has been