KFH-Bahrain in key Islamic finance talks
Manama, November 26, 2010
Kuwait Finance House (KFH) - Bahrain received a high-level delegation from the Republic of Ingushetia, which was part of the old Soviet Union, and discussed co-operation on Islamic finance.
The delegation included Deputy Prime Minister and Finance Minister Musa Chiliev and Economy Minister Visit Aushev.
The meeting focused on co-operation on Islamic finance in particular and investments as well as joint ventures in general between Bahrain and the republic which has a population of 600,000.
'I am very pleased to meet such a high- level delegation from a very friendly country,' said KFH-Bahrain managing director and chief executive officer Abdulhakeem Alkhayyat said.
'The two countries have many common characteristics such as population and the size of the economy. 'We are looking forward to co-operation with Ingushetia,' he added.
Chiliev and his delegation were in the kingdom to take part in the Bahrain World Economic Forum.
'There are a lot of investment opportunities in our country, particularly in the fields of construction, agriculture and Islamic finance services,' said Chiliev.
'We have made some very interesting contacts for the future at this event,' he said.
'Ingushetia is one of the young republics looking to the Middle East to develop business.'-TradeArabia News Service
More Finance & Capital Market Stories
- BIBF signs deal with Palestinian institute
- Bahrain’s GDP set to expand 12pc
- KFH-Bahrain rebrands priority banking
- Bank Nizwa wins top Islamic bank award
- Qatar labour costs may jump: IMF
- Kuwait Q3 trade surplus hits $23bn
- Dubai trade growth up 7.6pc to $362bn
- Deloitte appoints new managing director
- Al Ramz tops UAE trading in Feb
- IFC in $150m loan deal with Bank Audi
- SME funding focus for Abu Dhabi forum
- Insurance House posts second year of profit
- ETF global assets hit record $2.44 trillion
- Bahrain firms plan IPOs
- Serbia wins $1bn Abu Dhabi loan
- Key equity banker resigns from Saudi Fransi
- DMCC to boost Islamic commodity trade with tie-ups
- IDB, KIA units to invest in Morocco
- First Gulf to set up $1bn sukuk in Malaysia
- Singapore’s UOB Bullion and Futures joins DGCX
- Infrastructure investment ‘key to growth’
- BKIC declares 30pc dividend
- StanChart profit falls 16pc in 2013
- Veteran Saudi banker to head AMF
- Dubai World prepays $284m to creditors
- EFG-Hermes sells Damas stake to Mannai
- Ultra rich number to grow 35pc in Mideast
- Saudi IPO market 'set for big year'
- RAK 'exploring' ceramics unit stake sale
- Bahrain Bourse wins key UK award