Thursday 30 March 2017

IIFM, ISDA publish Islamic credit support deed

The International Islamic Financial Market (IIFM) and the International Swaps and Derivatives Association (ISDA) today published a new credit support deed for Islamic hedging transactions in response to global margin requirements for non-cleared trades. The ISDA/IIFM Wathiqah Ham


Dubai listings hit record high of over $50bn

Two Indonesian sukuk listings with a total value of $3 billion in Nasadq Dubai have raised the total nominal value of all Sukuk listed in Dubai above $50 billion for the first time, to a global record high of 52.06 billion. The Indonesian government is the largest issuer on the e


Joint $3bn fund to serve Saudi Arabia and Jordan

The formation of a new company that will run the Saudi-Jordanian Investment Fund was a milestone in the implementation of a project that would serve the interests of Saudi Arabia and Jordan, media sources quoted a senior official. The new company is a joint investment between Sau


UAE Exchange partners with Sri Lanka's eZ Cash

UAE Exchange, a leading global remittance, foreign exchange and payment solutions brand, has partnered with eZ Cash, Sri Lanka’s largest and pioneering mobile payment network managed by Dialog Axiata, for instant mobile wallet credit. With this service, Sri Lankan expatriat


Indosuez Wealth Management names new head of real estate

Indosuez Wealth Management has appointed Vincenzo Salari as its global head of real estate in the Markets and Investment Solutions Division (MIS). He will lead the group’s strategy for its real estate products and services, both internationally and locally, leveraging on In


Al Tamimi & Company launches tax practice

Al Tamimi & Company, a leading law firm in the Middle East, has established a dedicated tax practice covering the Middle East with the appointment of Shiraz Khan, senior tax advisor.   The global tax landscape has shifted significantly with governments in ma


AIM to highlight govt role in boosting business

The upcoming Annual Investment Meeting (AIM) in Dubai, UAE will feature a strategic platform to discuss the role of government in shaping a competitive business environment to attract investment, facilitate entrepreneurship and innovation. The event takes place from April 2 to 4


Dubai ‘could become first Blockchain powered city’

Dubai is rapidly moving toward implementing Blockchain technology, which offers speedy and cost-effective transactions, and reaching its target of becoming the first Blockchain powered city by 2020, a senior IT expert has said. Saeed Al Dhaheri, chairman, Smartworld, while addressing a


Tax reforms in focus at Deloitte conference

Deloitte recently organised its 10th annual Middle East Tax Conference in Dubait to update practitioners and clients on global and regional tax updates and tools.   The 2017 edition, held on March 22 and 23, aimed to help attendees in regaining a sense of control and keeping


BCFC shareholders to get 50pc cash payout

Bahrain Commercial Facilities Company (BCFC) general assembly has approved a cash dividend of 50 per cent or 50 fils per share, said a report in the Gulf Daily News (GDN), our sister publication. To read further, please visit

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