Monday 20 August 2018

Rakez, Regus to offer business centre services

Ras Al Khaimah Economic Zone (Rakez) has partnered with Regus, the world’s largest workspace solutions provider, to offer first-class business services. The partnership entitles the economic zone’s new and existing clients to avail an exclusive Business Package, which


Adab launches first Islamic crypto exchange

UAE-based Adab Solutions recently created the First Islamic Crypto Exchange (FICE), a Shariah compliant crypto exchange. By adhering to the high moral requirements set forth by the Shariah community, the company will utilize the in-house Shariah Advisory Board to ensure that Isla


Top Islamic banking forum to draw over 1,200 experts

More than 1,200 global industry powerhouses, policy makers, innovators and stakeholders will be in Bahrain for the landmark 25th edition of the World Islamic Banking Conference (WIBC), three-day event being held in strategic partnership with the Central Bank of Bahrain. It is bei


Khalifa Fund calls applications for incubator

The Khalifa Fund for Enterprise Development has issued a final call out for applications for the fourth edition of ‘Ibtikari’ (My Innovation), an intensive six-month incubator aimed at helping Emiratis advance their technology start-ups. The deadline to apply is Augus


Moody's downgrades Turkey's long-term issue ratings

Moody's Investors Service has downgraded the Government of Turkey's long-term issuer ratings to Ba3 from Ba2 and changed its rating outlook to negative, concluding the review for downgrade that was initiated on June 1, 2018.    The senior unsecured


AlixPartners to oversee AGHF's separation from Abraaj Group

Gobal consulting firm AlixPartners said it has been appointed by investors of the Abraaj Growth Markets Health Fund (AGHF) to oversee the fund's separation from the UAE-based Abraaj Group to ensure its long-term success in delivering accessible, affordable and quality healthcare in develo


EMPG raises $50m as part of investment round

Emerging Markets Property Group (EMPG), the parent company of leading property portals in the Mena (Middle East and North Africa) and South Asia regions, has wrapped up a first close of $50 million as part of a substantially larger investment round. In addition to in th


UAE Exchange, Unimoni waive fee on Kerala fund remittances

Leading money transfer brands UAE Exchange and Unimoni have waived service fee on remittances to Kerala Chief Minister's Distress Relief Fund in the wake of the floods that has ravaged the Indian state of Kerala. The initiative which enables the global Indian diaspora to cont


APIC posts net profit of $8m for H1

Arab Palestinian Investment Company, a public shareholding investment company has achieved net profits after tax of $8.04 million in the first half of 2018, a growth of 2.14 per cent year on year. Net profits attributed to APIC shareholders amounted to $5.67 million in the first


BisB, Kingdom Properties sign deal for home financing

Bahrain Islamic Bank (BisB) has recently signed an agreement with Kingdom Properties Real Estate to provide property financing for potential residents of the Janayin Al Hamala Project in Bahrain. This will enable Bahraini nationals working in the kingdom to pay the down payment s

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