Friday 12 February 2016

Takaud, BKIC partner to create secure tomorrows for Bahrainis

Takaud, a specialist provider of savings, investment, and pension solutions for the Middle East and North Africa (Mena) region, has joined forced with Bahrain Kuwait Insurance Company (BKIC) to protect the people of Bahrain and the region, by helping them take better care of their tomorrows.


DIFC arbitration centre appoints director, registrar

Dubai International Financial Centre's (DIFC) LCIA Arbitration Centre has appointed Mohamed ElGhatit as its director and registrar with effect from February 14.   The centre is operated by the DIFC Arbitration Institute (DAI) with the assistance of the Londo


Focus on impact of falling oil prices on regional firms

A line-up of leading financial experts will discuss the impact of sustained fall in oil prices on businesses in the region and beyong at a leading financial forum in Bahrain this month.   The fifth Euromoney GCC Financial Forum will take place on February 23 and


UAE likely to ratify federal debt law this year

The UAE is likely to ratify a law by the end of this year that will allow the federal government to issue bonds, after which the UAE would issue about Dh80 billion to Dh100 billion ($22 billion to $27 billion) worth of debt, a senior finance ministry official said. "I expect


Italy law firm hires SRB to structure Islamic bond

Nctm Studio Legale, a leading law firm in Italy, has hired Shariyah Review Bureau (SRB), a global Sharia advisory company, to help it structure an Islamic bond. Under the agreement, SRB will collaborate with Nctm to help structure and certify the mini-bonds in light of Sharia gui


Sustainability business practices in focus at Abu Dhabi forum

Sustainability practitioners from every sector are set to share their sustainability practices at an upcoming forum in Abu Dhabi, UAE.   The Abu Dhabi Sustainable Business Leadership Forum will take place on February 17 and 18 at Rosewood Abu Dhabi.


Dubai private sector slows down in January

Dubai’s private sector experienced the slowest overall improvement in business conditions for almost six years in January, according to latest data. The continued slowdown in the overall performance registered 50.7 on the headline seasonally adjusted Emirates NBD Dubai Econ


BBK profit rises 6.2pc to $141m

Bank of Bahrain and Kuwait has reported 6.2 per cent rise in net profit at BD53.2 million ($141 million) for the year ended December 31 when compared with BD50.1 million for 2014, with earnings per share of 50 fils as against 47 fils earlier. In a statement, the bank said its board of directo


VCBank announces 9.06pc dividends to shareholders

Bahrain-based Venture Capital Bank (VCBank) has announced dividends to its shareholders totalling 9.06 per cent for last year. In a statement, the bank said the dividends comprise effectively 2.52 per cent in cash and 6.54 per cent in bonus shares on their existing holdings (inclusive of 0.93


Bahrain, Russia in new bilateral relations deal

Bahrain and Russia has pledged a new era in bilateral relations. His Majesty King Hamad and President Putin agreed to build on the strong ties as they held official talks at Bocharov Ruchei presidential residence in the Black Sea resort of Sochi, said a report in the Gulf Daily News (GDN)

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