Wednesday 5 August 2015
 
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finance

Tamkeen, Ithmaar Bank expand finance scheme portfolio

Bahrain's labour fund Tamkeen and Ithmaar Bank have signed an agreement to add BD10 million ($26.3 million) to their joint enterprise finance scheme portfolio as part of efforts to provide financing solutions for enterprises to meet their ne

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Emirati women ‘more likely to work in banking’

Emirati women are more likely than their male counterparts to consider a position in banking and finance (29 per cent versus 11 per cent), found a major survey on Emiratisation. The ‘Emirati Employment Report’, by Oxfo

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Saudi issues $4bn bonds to finance budget deficit

Saudi Arabia has issued bonds worth SR15 billion ($4 billion) to local banks this year to finance its budget deficit, its central bank governor was quoted as saying by Al-Iqtisadiya daily on Friday. The bonds will help pay for a b

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CIBAFI-World Bank pact to boost Islamic finance

Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions, and the World Bank yesterday signed a memorandum of understanding (MoU) aimed at helping foster the devel

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Arabtec names new CFO in key shake-up

Arabtec, the Dubai-listed construction company, has accepted the resignation of three senior members of staff as part of a reorganisation, it said on Wednesday. It accepted the resignation of Iyad Abdalrahim, group chief financial

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New Finance selects SRB to oversee operations

New Finance, a Kazakhstan-based Islamic microfinance company, said it has selected Bahrain-based Sharia Review Bureau (SRB) to transform, certify and oversee a number of its sharia-compliant product and operations. As a sharia adv

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Council strengthens role in Islamic financial services

A new strategy will see Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI) strengthen its role as an advocate for the Islamic financial services industry with international standard-setting organisations and regu

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KFH Bahrain signs $30m project finance accord

An agreement to fund the construction of the first phase of a new $30-million commercial development in Bahrain's Janabiya area has been signed between Kuwait Finance House - Bahrain (KFH-B) and First Bahrain Real Estate Development Company.

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Investcorp gets new finance head

Investcorp, a Bahrain-based alternative investment firm, has hired Tony Robinson as its chief financial officer effective from July 1. Robinson re-joins the company from Bahrain's sovereign fund Mumtalakat, replacing Rishi Kap

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Al Falak to offer services to Saudi’s banking, finance segement

Al Falak Electronic Equipment and Supplies Company, a leading IT and communications solution provider, is offering its ICT-based services to Saudi Arabia’s banking and finance segment. The services to be offered include the

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