Wednesday 7 December 2016
 
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Raising funds for start-ups ‘still a challenge’

Raising funds in the Middle East remains challenging despite the great start-up ideas and the myriad opportunities that the region has to offer investors, according to accountancy and finance body ICAEW. This was the consensus during ICAEW’s Corporate Finance Faculty roundt

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Egypt’s renewable energy projects eye $3bn financing

A total of 30 international and local banks are preparing to negotiate with renewable energy projects to finance the second phase of the feed-in tariff projects with $3 billion, a report said. The banks include the International Financing Corporation (IFC), the European Bank for

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GCC banking ‘resilient to economic pressures’

Moody's Investors Service's stable outlook for 2017 on the banking sectors of the Gulf Cooperation Council (GCC) reflects the rating agency's expectation of their resilience to persistent economic and funding pressures. Moody's presentation, entitled "Banks -

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Qatar ‘offers clear strategy amid global flux’

Qatar offers a positive example of strong leadership and clear polices at a time when the global economy is passing through a period of high instability caused by geopolitical pressures, according to experts. More than 600 senior finance and banking executives attended The Euromo

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DHA to adopt new health insurance payment system

Dubai Health Authority (DHA) is set to adopt a new health insurance payment system that will improve transparency and quality of healthcare services in Dubai, UAE. Humaid Al Qatami, chairman of the board and director general of DHA, announced that the executive council has approv

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Bahrain WIBC draws over 1,300 financial experts

More than 1,300 leading regional and international players in the global finance sector are taking part in the ongoing World Islamic Banking Conference (WIBC) in Bahrain. The WIBC has established its reputation as the world’s largest and most influential gathering of intern

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ASBB launches new card payment service

Al Salam Bank-Bahrain, one of the pioneering Sharia compliant banks in the kingdom, recently launched its latest credit card payment gateway service channel in partnership with Benefit, Bahrain’s national electronic network for financial transactions. Customers will now be

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WorldRemit inks partnership deal with Xpress Money

WorldRemit, an online money transfer service, and Xpress Money, a global leading money transfer brand, have announced a partnership to open up new remittance routes across Africa and Asia. Through Xpress Money’s extensive agent partner network, WorldRemit customers will be

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Islamic finance assets grew 7pc to $2trn in 2015

Global Islamic finance assets grew 7 per cent hitting $2 trillion at the end of 2015, according to the Islamic Finance Development Report released at the World Islamic Banking conference (WIBC) 2016 in Bahrain. The fourth edition of the report from Thomson Reuters, the world'

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Nexus seeing continuous growth in 2016: CEO

Nexus Group, a major independent financial advisor in the region, recorded a 20 percent growth across its employee benefits and general insurance businesses in 2016, said the company’s CEO. Speaking at the firm’s Annual General Meeting, where the company commemorated

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