Tuesday 16 September 2014
 
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Accounting

Customers' interests ‘top priority for banks’

Too often over the past five years the interests of customers at banks have been neglected as bank management has focused on bonuses and share price, said the Governor of the from Central Bank of Bahrain (CBB). If banks neglect customers'

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New markets eye Islamic finance push

The global financial crisis has created a lot of interest around the world in Islamic finance and not only in Muslim countries, said an expert. The potential from new markets will help Islamic finance to spread a lot wider and grow, accord

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Chartered accountants discuss key issues

The Bahrain Chapter of the Institute of Chartered Accountants of India (BCICAI) joined hands with Deloitte & Touche Middle East to host a workshop on International Financial Reporting Standards (IFRS) in the Kingdom. The workshop, held

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AAOIFI proposes Islamic accounting changes

The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) has proposed more detailed accounting standards for real estate while increasing disclosure for Islamic banks' investment accounts. The move by the Bahrai

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Qatar says no big spending in next FY budget

Qatar's state budget for next fiscal year will be roughly the same size as the current year's budget, finance and economy minister Youssef Kamal said on Monday. 'It will be the same size as the prevailing budget, maybe a little

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Release of Qatar budget delayed: QNA

The deadline for releasing Qatar's state budget for the coming fiscal year will be pushed back to the end of May because of changes to the government's accounting system and the way it prepares budgets, Qatar's state news agency said. QNA

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Experts discuss accounting challenges

Challenges facing accountants and auditors were probed at a key seminar on 'Emerging opportunities and challenges' held at the Gulf Hotel in Bahrain. More than 300 people attended the event organised  by The Bahrain Chapter of the Ins

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Wade Adams picks Causeway for project software

Leading project development and construction company Wade Adams has selected top IT firm Causeway as vendor for its project accounting software. “We recognised a need to tighten the cost management on projects to help maintain our profitab

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Etihad to outsource to Kale Consultants

UAE-based Etihad Airways will outsource the accounting of passenger and cargo revenues to aviation accountancy specialist, Kale Consultants, from April 2012. James Rigney, Etihad Airways’ chief financial officer, said: “Revenue accounting

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Citigroup Q3 net up, boosted by accounting gain

Citigroup reported higher third-quarter earnings on Monday as the bank set aside less money to cover bad loans and recorded an accounting gain banks can take in turbulent markets. Investment banking fees dropped as the European debt crisis

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