LPTIC, Libya's leading postal, telecommunications and information technology company, has consolidated several Libyan-owned shareholding in mobile and fixed-line network operating companies in sub-Saharan Africa.
Almost 70 per cent of Middle Eastern wealth is transferred overseas, an expert has warned.
To attract this wealth, Islamic asset managers need to compete with institutions overseas by providing both attractive yields and a superio
Bentley Systems, a leading company dedicated to providing comprehensive software solutions for sustaining infrastructure, has launched its AssetWise APM V7.3, an enhanced version of the firm’s asset performance management offering.
UAE-based asset management company Elitizam Asset Management Group has launched its new group of companies to offer integrated property solutions and facility services in the UAE, with plans to expand across the region.
Mumtalakat does not plan to sell off any assets this year and would pursue business projects as usual, its top official has said.
The sovereign wealth fund's chief executive Mahmood Al Kooheji said this during a keynote interv
National Bank of Oman (NBO), the sultanate's third-largest lender by assets, is expecting to increase lending by between 10 per cent and 12 per cent this year, its chief executive was quoted as saying by the Oman Tribune.
Total assets of 34 Bahrain-domiciled banks are estimated to have grown five per cent last year, suggesting the start of a new phase of sustainable growth and increasing profitability, found a new research.
According to The Bahrain
Assets of 34 Bahrain-domiciled banks have grown by $568 million to $154.046 billion at the end of the first half of this year, the Bahrain Association of Banks (BAB) said.
This indicates a consistent upward trend, according to BAB
Libya's self-proclaimed prime minister has warned that attempts by a rival government in the east to assert control over the oil industry could escalate the political conflict dividing the Opec member state a
Dubai is changing its financial rules in an effort to attract more asset managers - particularly those serving the richest and most risk-tolerant investors, such as hedge funds and private equity funds - to base themselves in the emirate.