Friday 29 August 2014

Doha Bank CEO wins ‘Life Time Achievement Award’

Doha Bank’s chief executive officer (CEO) won the ‘Life Time Achievement Award’ at a summit in India recently. The Global Summit 2014 on Business Excellence, under the theme ‘Business excellence through Boardroom best practices’ was hosted by the Ins


Nayef Al-Hajraf new Kuwait CMA chief

Kuwait's cabinet appointed former finance minister Nayef Al-Hajraf as chairman of its Capital Markets Authority, which regulates the stock market, state news agency Kuna said. He replaces Saleh Al-Falah, who had held the post since the CMA began operating in early 2011. Kuna


Watania wins approval for 60.53pc stake sale

Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) said on Tuesday that UAE regulators had approved the sale of 60.53 percent of the firm to MB UAE Investments and an affiliate of MB. In a bourse filing, Watania said MB UAE Investments would acquire 51 per cent a


Infrastructure issues to be probed at key Bahrain forum

The preparations for the upcoming Bahrain Global Infrastructure Leadership Forum were discussed at a key meeting. Transportation Minister and Economic Development Board (EDB) acting chief executive Kamal Ahmed received event organiser CG/LA Infrastructure's president and chie


IILM lengthens tenors with 6-month sukuk issue

The Malaysia-based International Islamic Liquidity Management Corp (IILM) lengthened maturities in its Islamic bond programme on Monday by auctioning $400 million of six-month sukuk, its first sale of that tenor. The IILM, a consortium of central banks from Asia, the Middle East


Alkhabeer Capital, USAA acquire office portfolio in US

Saudi Arabia-based Alkhabeer Capital, a leading asset management and investment firm, has acquired Lake Pointe Center III and IV, in association with its investment partner USAA Real Estate Company. The investment is the latest transaction of Alkhabeer US Real Estate Income Fund


IFSB- FSI organise seminar on liquidity risk in Doha

A major conference on the liquidity risk in the banking sector is set to take place in Doha in October. A seminar on liquidity risk in Islamic and conventional banks will be organised by the Islamic Financial Services Board (IFSB) and the Financial Stability Institute (FSI), in the lig


Gold rates near two-month low

Gold edged down on Monday, hovering near its lowest in two months on a firmer US dollar and speculation of an eventual increase in US interest rates that could hurt the metal's appeal as a hedge against inflation. After falling nearly two per cent last week, bullion attracted buyin


Bahrain businesses vow day's income for Gazans

Business across Bahrain have pledged to donate a day's revenue as part of a humanitarian campaign to raise funds for the besieged population of Gaza. Private clinics and health centres make up the majority of participants - with Al Mansoori Dental Clinic and Dr Suha Murbati D


Bahrain plans to cut public debt

Bahrain has planned to slash public debt and boost state revenues to bolster development. The government's financial policies took centre stage as the Cabinet convened for its weekly meeting yesterday (August 24). Chairing the session, His Royal Highness Prime Minister Prince

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