Tuesday 26 May 2015
 
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UAE banks mull centralised Islamic finance board

The United Arab Emirates' bank industry association has discussed a proposal to create a centralised sharia board that would monitor Islamic banking, which could spur the growth of the industry. The central bank had proposed s

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Knauf opens $50m gypsum board factory in Egypt

Knauf, an international, family-owned company based in Germany, has opened a new gypsum board factory in Egypt with investments of $50 million, according to a report. The plant production capacity is 15 million sq m of gypsum, 90,

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Knauf opens $50m gypsum board factory in Egypt

Knauf, an international, family-owned company based in Germany, has opened a new gypsum board factory in Egypt with investments of $50 million, according to a report. The plant production capacity is 15 million sq m of gypsum, 90,

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Abu Dhabi's IPIC announces major board revamp

The UAE energy minister has been appointed the new managing director of Abu Dhabi investment fund International Petroleum Investment Company (IPIC) in a reshuffle of the board. Suhail Mohammed al-Mazrouei has been named managing d

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Thuraya appoints new board member

Thuraya Telecommunications Company, a leader in mobile satellite handheld solutions, has appointed Stephen O’Neill to its board of directors. O'Neill has 37 years of experience in the aerospace industry, principally invo

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Teen entrepreneurs design 'brain-booster game'

Teen entrepreneurs from the Bahrain Bayan School have designed a sell-out success word search board game, aimed at improving memory and concentration. The group of 12 students, aged 16, created Tornado Tiles as part of an InJAz Ba

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Takaful International appoints new board

New members have been elected to the Takaful International Company board, it was announced yesterday (April 8). The new chairman is Murad Ali Murad and Khalil Ebrahim Nooruddin is the vice-chairman, said a report in the Gulf D

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Nass Corporation appoints new director

Nass Corporation, a Bahraini public joint stock company, has appointed Hemant Joshi as a director on the board. Joshi's appointment was approved by the company's shareholders at the annual general meeting last week, said r

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Asry re-elects chairman, inducts new board members

Shaikh Daij bin Salman Al Khalifa has been re-elected chairman of the board of directors of Arab Shipbuilding and Repair Yard (Asry) and new board members have been inducted. Shaikh Daij, the representative of Bahrain, chaired the

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Sharia board to be set up in Bahrain for Islamic finance sector

Inconsistency in compliance with Sharia standards poses an existential threat to Islamic finance, Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj has said. According to Al Maraj, it was to prevent such an occurrence that t

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