Banking & Finance
Emirati Dirham included in Buna payment platform

The Emirati Dirham (AED) has been included in the soon to be launched Buna, a multi-currency payment platform affiliated with the Arab Monetary Fund.
The Emirati Dirham’s inclusion follows that of the Jordanian Dinar and the Saudi Riyal, along with the US Dollar and Euro among other initial currencies to be included on the payment platform.
The platform allows for clearance and settlements of cross-border payments in eligible Arab and international currencies across the Arab region and beyond, with links to major trade partners.
It also enhances compliance screening capabilities, in line with industry standards and in compliance with international sanctions and Anti-Money Laundering and Countering Financing of Terrorism, AML/CFT, requirements, as well as all relevant international standards and requirements. Additionally, the platform applies all currency-specific sanctions required by the relevant authorities of the potential currencies. Commercial banks who meet participation eligibility criteria, which include rigorous compliance requirements, will be able to participate in the platform.
-
Banking & Finance3 days ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
OER Magazines2 months ago
OER, April 25
-
Renewables1 month ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Business2 months ago
St. Petersburg International Economic Forum 2025 unveils its Business Programme
-
Leaders Speak1 month ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, May 25
-
OER Magazines1 month ago
OER, May 2025
-
Banking & Finance2 months ago
How is National Bank of Oman Working Towards Creating a Robust Fintech Ecosystem?