Tuesday 1 September 2015
 
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DMCC inks cooperation deal with Istanbul bourse

DMCC, the free zone authority on trade, enterprise and commodities in Dubai, UAE and Borsa istanbul, have signed a Memorandum of Understanding (MoU) to further enhance bilateral trade relations. The terms of the MoU state the two entities will collaborate to further enhance bilat

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SRB sponsors ethical finance forum in UK

Shariyah Review Bureau (SRB), the corporate world’s top brand for Sharia certification services, is participating as a sponsor at the three-day Global Ethical Finance Forum (GEFF) that opened in Edinburgh, Scotland today (September 1). “We are delighted to sponsor the

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GCC bankers gear up to discuss future of banking technology

More than 450 GCC bankers will come together next month at a leading banking technology and innovation event in Dubai this month.   The fifth Annual Middle East Banking Innovation Summit will take place on September 14 and 15 at the Sofitel, The Palm Resort and

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Beehive P2P platform wins Sharia certification

UAE-based Beehive, a leading online marketplace for peer-to-peer (P2P) finance, has been certified as a Sharia-compliant P2P finance platform by the Shariyah Review Bureau (SRB), a provider of Sharia advisory and audit services. The certification makes Beehive the first P2P platf

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UGB appoints acting chief executive officer

United Gulf Bank has appointed Hussain Lalani as its acting chief executive officer.   Lalani, who is currently the chief financial officer, has been with the bank since 2002, said a statement.   He has worked extensively in provid

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Islamic State announces new gold currency

Islamic Sate (IS) has announced the creation of a new currency in gold, silver and copper, featuring a world map, including the Americas, where the group said its reign will reach. The group said its own dinars and dirhams will hurt the dollar and the US financial system.  

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Tenmou launches key facility for hosting events

The launch of a new co-working space at National Bank of Bahrain Tower has been announced by Tenmou, Bahrain’s first angel investor. The space is meant to facilitate the hosting of events such as mentorship Mondays, and weekly and monthly sessions with Bahraini entrepreneurs, said a rep

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Takaud appoints new chief investment officer

Takaud, a specialist provider of savings, investment and pension solutions for the Middle East and North Africa (Mena) region, has appointed Johannes Van Der Dong, a renowned industry expert, as its chief investment officer.   With 15 years of experience in port

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Dubai conference to discuss FDI issues

The UAE Ministry of Economy is set to convene a high-profile conference of government and private sector representatives, to address several key foreign investment-related issues.   The sixth annual Investment Meeting (AIM 2016) will be held under the patronage

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Rising oil output boosts Saudi economic growth

Rising oil output boosted Saudi Arabia's economic growth to its fastest pace in over a year in the second quarter of 2015, data showed, but growth looks likely to slow in coming months as low oil prices make themselves felt.   Gross domestic product, adjuste

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