Tuesday 28 April 2015

Takaud targets $1bn wealth management portfolio

Bahrain-based savings and pensions provider Takaud has launched a wealth management platform targeting a portfolio of more than $1 billion in three years. The company's chief executive Luc Metivier told a press conference at the Capital Club Bahrain that the service was meant


Tadhamon Capital exits from aviation equipment fund

Tadhamon Capital has announced an early exit from and liquidation of the 'Tadhamon Aviation Equipment Fund' delivering dividends to investors. Proceeds from the exit were not disclosed, said a report in the Gulf Daily News (GDN), our sister publication.


Itqan to add brokerage, PE fund to services

Saudi Arabia's Itqan Capital, an Islamic investment firm, plans to develop a sharia-compliant brokerage arm and is nearing the launch of a $200 million education private equity fund, its chief executive told Reuters. Investment firms in the kingdom are poised to see an uptick


Bahrain real GDP to grow at 4pc, despite challenges

Bahrain's real GDP growth is projected to be around four per cent mark over the coming two years, despite the challenging macroeconomic environment, according to an Economic Development Board (EDB) report. The latest Bahrain Economic Quarterly issued by EDB says in October la


Dubai Financial Market net profit plunges 69pc

Dubai Financial Market (DFM), the Gulf's only listed stock exchange, reported a 69 per cent drop in first-quarter net profit on Sunday as trading volumes fell. The firm, which runs securities trading in Dubai, made a net profit of Dh67.7 million ($18.4 million) in the three m


Top Indian bank opens office in UAE

Yes Bank, India’s fifth largest private sector bank, has announced its international foray by launching its first overseas representative office in Abu Dhabi, UAE. The office was inaugurated by Sheikh Nahayan Mabarak Al Nahayan, the UAE Minister of Culture, Youth, and Socia


Investcorp names Kirdar as new chairman

Bahrain-based Investcorp, a leading alternative investment firm, has appointed Nemir Kirdar as the chairman of its board of directors, effective from July 1. Kirdar will replace Abdul-Rahman Salim al-Ateeqi, who will retire as chairman at the end of the current fiscal year on Jun


UAE to host WTO meeting

UAE will host an important meeting of the World Trade Organisation (WTO) focusing on reforms of the global trading system on October 28, during the Global Trade Development Week (GTDW) in Abu Dhabi. Organised in partnership with the UAE Ministry of Economy, the roundtable meeting


ADCB names new head of government clients

Abu Dhabi Commercial Bank (ADCB) has appointed Saoud Mohammed Al Jassem as the new head of Government Clients Division for Dubai and the Northern Emirates (DNE). In his new role, Saoud will lead the development of the Abu Dhabi lender’s relationships with the governments of


Bahrain workshops to help young entrepreneurs

Bahrain will host workshops on franchising businesses, vocational training and farming next month, as part of a major drive to help young entrepreneurs, a report said. Organised by the Capital Governorate, The Manama Entrepreneurship and Youth Empowerment Week starts on May 7 and

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