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ZAWYA-PRESSR: Ottu collaborates with Mastercard to empower global and regional enterprises to scale effortlessly across the GCC with local payment methods

Ottu, a regional fintech, has partnered with Mastercard to enhance digital commerce in the GCC. The collaboration integrates Mastercard Merchant Cloud with Ottu's expertise, offering businesses in Kuwait, Qatar, Bahrain, and Oman access to diverse payment methods. This partnership aims to streamline digital payments, providing advanced features like fraud detection and authentication tools. Ottu's OPMS optimizes online payment experiences, paving the way for a scalable digital payments landscape across the GCC.

Zawya·
US
MA
-0.49%
Zawya·
US
MA
-0.49%

Exxon Mobil's new facility opens, Yan Jinyong: The petrochemical industry's transformation requires adaptation and innovation | Lianhe Zaobao

Exxon Mobil's new oil and gas recovery facility in Jurong Island has opened, enhancing the competitiveness of its Singapore plant. Deputy Prime Minister Janil Puthucheary officiated the opening, calling it the result of a decades-long investment of SGD 30 billion. The petrochemical industry faces challenges such as global overcapacity, changing demand patterns, and net-zero emissions, requiring adaptation and innovation. The new facility was built during the pandemic, integrating the manufacturing base with 22 new reactors and 150 kilometers of pipelines

Zaobao·
US
XOM
-0.89%
Zaobao·
US
XOM
-0.89%

ExxonMobil’s latest Singapore facility signals that innovation can continue amid global challenges: DPM Gan

ExxonMobil has launched a new facility on Jurong Island, Singapore, which converts heavy residues from crude-oil refining into lower-sulphur fuels and higher-value lubricant base stocks. Despite global challenges and planned workforce reductions, the facility signifies ongoing innovation and long-term value creation. Deputy Prime Minister Gan Kim Yong highlighted the importance of adapting to global overcapacity, shifting demand patterns, and the green transition. The facility aims to strengthen Singapore's energy and chemicals sector and support the shift to speciality and performance products.

Businesstimes·
US
XOM
-0.89%
Businesstimes·
US
XOM
-0.89%

Walmart, other retailers object to Visa and Mastercard settlement

Major retailers, including Walmart, are urging a federal judge to reject a proposed antitrust settlement with Visa and Mastercard. They argue the deal allows excessive fees and offers little benefit to large merchants. The settlement, announced in November, aims to end two decades of litigation by reducing swipe fees by 0.1 percentage point for five years. Critics claim it lacks meaningful reforms and could harm ongoing litigation and antitrust claims.

Reuters·
US
V
-0.27%
US
MA
-0.49%
Reuters·
US
V
-0.27%
US
MA
-0.49%

Healthcare Payer IT in 2026: Digital Prior Authorization, Enforceable Transparency, and Outcomes-Driven Platforms Spark a New Acquisition Race

The healthcare payer IT sector is set for significant changes in 2026, driven by CMS compliance deadlines and cybersecurity expectations. Key developments include modernization of payer interoperability, digital prior authorization, and transparency operations. Payers are prioritizing IT investments to improve operational efficiency, member engagement, and compliance. Regulatory mandates such as CMS-0057-F and Transparency in Coverage are shaping technology focuses, including FHIR-based interoperability and price transparency. Cybersecurity and AI/ML expansion are also critical areas, with a focus on fraud prevention and member engagement.

Acceswire·
US
UNH
-0.22%
Acceswire·
US
UNH
-0.22%
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