Thursday 18 December 2014

Digital currency in focus at Bitcoin event in Dubai

Local and international leaders in the rapidly expanding digital currency space are set convene at a conference in Dubai, UAE, this week. The Dubai Bitcoin Conference will take place on December 12 and 13 at the Dubai International Financial Center (DIFC). Recently


ADGM forms panel to back regulatory framework

Abu Dhabi Global Market (ADGM), the international financial centre in the UAE capital, formed an expert panel of 16 financial institutions to develop of the draft regulatory framework, which will govern the operations of institutions licensed to operating from ADGM. It has also a


Global Islamic investment forum set for launch

Bahrain Economic Development Board (EDB) and the Islamic Development Bank (IDB) have announced the Global Islamic Investment Gateway, an initiative offering Islamic investment opportunities in some of the world’s fastest growing economies. The event, set to take place in Ma


Sico announces key management appointments

Securities & Investment Company (Sico), licensed by the Central Bank of Bahrain (CBB) as a conventional wholesale bank, has announced two new senior management appointments. Anantha Narayanan, who joined Sico in 2008 as the head of internal audit, takes over as chief operatin


Al Habtoor says no decision yet on listing

Dubai family-owned conglomerate Al Habtoor Group has cast doubt over plans for an imminent initial share sale but expects revenues to more than double over the next five years helped by strong local economic growth, its chairman said on Tuesday. Speculation around a flotation of


Investment Dar eyes second debt-for-assets deal by March

Investment Dar, the Kuwaiti firm best-known for its stake in luxury carmaker Aston Martin, hopes to complete a second debt-for-assets deal with creditors by the end of March, it said in a bourse statement on Tuesday. The sharia-compliant firm had said last month that it had recei


Sustainability in Islamic finance in focus at CFA event

CFA Institute and CFA Society Emirates, the local UAE member society of CFA Institute, hosted a presentation to share new global and local insights on the concept of sustainability in Islamic finance and conventional sustainable, responsible and impact investing. It addresse


UAE to activate China currency swap soon

The central banks of the United Arab Emirates and China aim to activate their 35 billion yuan ($5.7 billion) currency swap agreement soon, a senior UAE central bank official said on Tuesday. The agreement, designed to facilitate two-way trade and investment, was originally signed

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