Thursday 31 July 2014

CBB unveils new rules for microfinance firms

The Central Bank of Bahrain (CBB) has released a new set of rules specifically tailored for microfinance institutions.   The rules for microfinance institutions are part of the Volume 5 of the CBB Rulebook, developed specific


Mideast solar industry ‘needs legal framework’

The Middle East solar industry requires a solid legal framework to be considered a global player in the development of solar energy solutions, said an expert. Dr Michael Kraemer, senior associate of law firm Taylor Wessing and a m


UAE, Korea in Intellectual Property talks

Senior officials from the UAE Ministry of Economy and the Korean Intellectual Property Office (Kipo) recently held a crucial meeting to discuss the setting up of an advance framework of co-operation in the field of Intellectual Property.


Dubai, Dallas ink free zone deal

Dubai Airport Freezone Authority (DAFZ) said it has signed a MoU with the Dallas/Fort Worth (DFW) International Airport, operator of the DFW Airport Foreign Trade Zone thus creating a framework for a collaborative alliance between t


Bahrain set to become ME insurance hub

Bahrain is gearing up to become the regional centre for the multi-billion dollar insurance industry. It has all the regulatory framework in place to meet global standards as the regional boom stimulates a new vibrancy in the sector, an int


Islamic banking sector on roll

The Islamic banking industry is fast becoming a force to be reckoned with, but there are still major obstacles to the development of fully-fledged Sharia-compliant capital markets, bankers were told. The industry also faces the challenge o

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