Banking & Finance Qatar Central Bank issues first licence for digital payments By Pramod Kumar August 31, 2022, 5:37 AM Creative Commons The move is an initial step to include all companies providing digital payment services under the central bank's supervision. Qatar Central Bank has issued the first digital payment services licence to Ooredoo Money and iPay by Vodafone Qatar, the bank said in a tweet. This is an initial step to including all companies providing digital payment services under the central bank’s supervision. Last week, the bank launched the mobile payment service Google Pay, reiterating that all global digital wallet services for cards such as Apple Pay, Samsung Pay, and Google Pay are now accepted in Qatar. The move will enable visitors, especially during the World Cup, to process and complete their digital payments.
Energy Turkey to triple cross-border electricity links Turkey is aiming to triple its electricity interconnections with neighbouring countries and is set to supply power to Syria soon, a news report said. Ankara is currently supplying electricity to Iraq, Daily Sabah newspaper reported citing energy and natural resources minister Alparslan Bayraktar’s speech at a panel discussion at the International Renewable Energy Agency (Irena) […] 4 hours ago
Energy Oil prices remain near four-month highs above $80 Oil prices slipped at market open on Tuesday but remained near four-month highs as Chinese and Indian buyers sought new suppliers in the wake of the Biden administration’s toughest sanctions yet on Russian oil. Brent futures slipped 22 cents, or 0.27 percent, to $80.79 a barrel by 01:22 GMT, while US West Texas Intermediate (WTI) crude fell 16 cents, […] 3 hours ago
Construction Abu Dhabi buys stake in US power company for $500m A subsidiary of Abu Dhabi Investment Authority (Adia) will acquire a minority stake in Alpha Generation (AlphaGen), a US-based power infrastructure company, by investing $500 million, amid a surge in power demand. The investment is subject to regulatory approvals and is expected to close in the first half of 2025. AlphaGen, is owned by affiliates […] 3 hours ago
Energy Sale of enriched uranium announced by Saudi Arabia Saudi Arabia intends to export enriched uranium, the country’s energy minister, Prince Abdulaziz bin Salman, said on Monday. The announcement is the latest indication of Saudi nuclear ambitions. Saudi Arabia has long expressed an interest in developing a nuclear power sector and has engaged in talks with the United States over nuclear cooperation, which were […] 12 hours ago
