Sunday 7 February 2016

$900bn investment to boost GCC insurance sector

A surge in insurance activity with a growth in gross premiums is expected to unfold across the GCC over the next five to 10 years, said Central Bank of Bahrain (CBB) executive director of financial institutions supervision Abdul Rahman Al Baker. Talking to the Gulf Daily News (GDN),


Sri Lanka to step up Bahrain trade links

Bahraini investors were yesterday (February 2) urged to look into the “potentially untapped” markets of Sri Lanka that could promise high returns and boost economic and commercial ties between the two countries. This was highlighted by Sri Lankan Industry and Commerce Minister Ris


More central bank rate cuts coming before any hike

Global interest rates are likely to go even lower before they rise as financial market volatility and the specter of deflation raise fresh doubts about central banks' ability to fulfill their mandates, policymakers and economists said. With markets in turmoil and talk of furt


Oman assures dollar peg will stay

Oman remains committed to the peg of its rial currency against the US dollar, the head of the central bank said on Tuesday, after the rial dropped to its lowest level in the forwards market for a decade. Low oil prices are hurting Oman's state finances and depleting its forei


Emirates NBD's $2.1bn brand valuation wins top spot

Emirates NBD has secured a spot among the top 100 global banking brands with a brand valuation of $2.186 billion, in The Banker’s annual brand valuation league table.   The valuation ranked Emirates NBD as the UAE’s most valuable banking brand with a


ADFD inks loan deal for Caribbean power plant

Abu Dhabi Fund for Development (ADFD) has inked a Dh55 million ($15 million) loan agreement with Saint Vincent and the Grenadines to set up a geothermal power station in the southern Caribbean country. The agreement, between ADFD and St Vincent and the Grenadines, was signed betw


Middle East Insurance Forum opens in Bahrain

The 12th annual Middle East Insurance Forum (MEIF) opened today (February 2) in Bahrain with 400 delegates from across the region to discuss new strategies to assess the direction of the industry and chart new ways for its growth. Opening the historic forum to a packed audience a


Qatari banks ‘face weakening profitability in 2016’

Qatar's banks are likely to face tightening liquidity, slackening credit growth, and weakening profitability during 2016, according to a Standard & Poor's Ratings Services report. Although the drop in hydrocarbon prices and the Qatari government's streamlining of


Bahrain forum gathers ME insurance powerhouses

Insurance leaders from across the Middle East gathered today (February 2) at the 12th annual Middle East Insurance Forum (MEIF) in the Gulf Hotel Bahrain.    With the strategic support of the Central Bank of Bahrain, MEIF 2016 hosted 400 insurance leaders t


DME sets multiple records in January

Dubai Mercantile Exchange (DME), a major energy futures and commodities exchange in the Middle East, has announced a set of records for January including a new record for physical delivery volumes of 27.3 million barrels for March loading. The Exchange also registered four succes

 < 1 2 3 4 5 6 7 > 

calendarCalendar of Events