Tuesday 26 May 2015
 
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Islamic asset managers 'need to boost services'

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

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Bentley launches process safety, risk management software

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.

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Elitizam launches new group of companies

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. A cor

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Mumtalakat 'has no plans to sell assets'

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

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NBO expects 10-12pc lending growth in 2015

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. Ahme

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Bahrain banks' assets increase 5pc

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

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Bahrain banks' assets register steady growth

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

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Struggle over Libya's oil risks breaking up country: rival PM

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

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Dubai ‘changing rules to attract asset managers’

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.

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Court extends freeze on Batelco's ex-India partner

A British court has indefinitely extended a worldwide freeze on assets of Batelco’s former Indian investment partner Siva Limited and its chairman Chinnakannan Sivasankaran. The Bahrain-based international telecommunications group

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