Thursday 2 July 2015
 
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IFSB issues Microtakaful regulation draft

The Islamic Financial Services Board (IFSB) has issued the Exposure Draft of its joint paper with the International Association of Insurance Supervisors (IAIS). The ‘Issues in Regulation and Supervision of Microtakaful (Isla

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Saudi Airlines unit eyes $752m from IPO

Saudi Ground Services Company, a unit of national carrier Saudi Arabian Airlines, has set the price for its 30 per cent initial share sale at 50 riyals ($13.3) per share, a statement from the company's financial adviser said on Thursday.

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Saudi Airlines unit eyes $752m from IPO

Saudi Ground Services Company, a unit of national carrier Saudi Arabian Airlines, has set the price for its 30 per cent initial share sale at 50 riyals ($13.3) per share, a statement from the company's financial adviser said on Thursday.

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Spending rethink 'vital for subsidy cuts plan'

Bahrain’s government has been asked to justify its planned public spending in the budget for 2015 and 2016, as parliament and the Shura Council seek alternatives to subsidy cuts. Both chambers of the National Assembly yester

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Alternatives to subsidy cuts urged in Bahrain

Alternatives to subsidy cuts must be found as Bahrain seeks to rein in public spending, a joint meeting of MPs and Shura Council members announced yesterday (May 24). Shura Council financial and economic affairs committee chairman

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Enoc in bid to buy out Dragon Oil’s minority shareholders

Emirates National Oil Co (Enoc) went public with an offer to buy out minority shareholders in Dragon Oil, saying talks with a committee set up by the Turkmenistan-focused oil explorer had not yet produced the endorsement it believed its ‘f

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EFS Facilities plan listing on Dubai bourse

EFS Facilities Service (EFS) plans to take its UAE business public, with the company targeting the end of this year or the start of next year for a listing on the Dubai bourse, its group chief executive said yesterday (May 7). Dis

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New water sports facilities on the way in Bahrain

Public water sports and fishing facilities are being planned for the Manama coastline in Bahrain. The Capital Trustees Board is spearheading the initiative, which would mean water sports enthusiasts no longer have to join private

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Tour to promote public transport in Bahrain

A bus tour through Muharraq and Manama in Bahrain this weekend hopes to encourage more people to switch to public transport. Members of the public are being invited to take part in the tour, organised by the Muharraq Communal Soci

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New public park plans unveiled for Bahrain

Plans have been unveiled for an impressive public park featuring a reservoir, boulevard, sculptures by Bahraini artists and other facilities in Hamad Town. It will cover an area of 60,000 sq m and initial designs also include a tr

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