Financial Services - News
Al Baraka to host symposium on Islamic economics in Jeddah
(Arab News - 20/06/2013)
Al Baraka Banking Group will hold its 34th symposium on Islamic economics at Jeddah Hilton on July 17-18 to discuss a number of emerging banking and financial issues and transactions. Saleh Kamel, chairman of ABG’s board of directors, and Adnan Ahmed ...
Al Baraka Turk planning $200m sukuk
(Reuters - 19/06/2013)
Bahraini lender Al Baraka Bank's Turkish unit is working on the issue of a $200 million, 10-year subordinated sukuk, Al Baraka Turk general manager Fahrettin Yahsi told Reuters on Wednesday. Yahsi said the sukuk would be issued when market conditions ...
Mobile trading increasingly gains momentum amongst DFM investors
(Press Release - 18/06/2013)
Dubai Financial Market (DFM) mobile trading activity is steadily growing and gaining popularity amongst investors as a result of wide spread collaboration between DFM and its licensed brokerage firms which provides clients with simple and effective ...
Fitch Places BMB Investment Bank on Rating Watch Negative
(Press Release - 18/06/2013)
Fitch Ratings has placed BMB Investment Bank's Long-term Issuer Default Rating (IDR), Short-term IDR and Viability Rating (VR) on Rating Watch Negative (RWN). A full list of rating actions is at the end of this rating action commentary. KEY RATING ...
Investcorp buys 38% stake in KSA energy firm
(Reuters - 18/06/2013)
Bahrain-based Investcorp has bought a 38 percent stake in a Saudi oil and gas services company and expects to complete up to three more deals via its $1 billion Gulf fund in 2013, an executive at the firm said Monday. Investcorp is buying the stake in ...
Waha Capital invests in UAE healthcare
(Press Release - 16/06/2013)
Waha Capital PJSC (ADX: WAHA), a leading Abu Dhabi-based investment company, announced on Sunday its investment in the healthcare sector by acquiring Anglo Arabian Healthcare (AAH), a new healthcare group set up to own and operate hospitals, clinics, ...
DFM Welcomes UAE Market Upgrade to “Emerging Markets” status by MSCI
(Press Release - 12/06/2013)
Dubai Financial Market (DFM) today welcomed the Morgan Stanley Capital International (MSCI) annual market classification review to upgrade the MSCI UAE Index to “Emerging Markets” status. Essa Kazim, Managing Director and CEO, Dubai Financial Market ...
Taiwan trade delegation forges new Saudi links
(Arab News - 08/06/2013)
Some 200 Saudi businessmen met with the 25-member Taiwanese trade delegation at a local hotel here this week to discuss possible collaboration. “We consider Saudi Arabia as our biggest market in the region because of its big population and its robust ...
Muscat Finance names Bikram Singh as new CEO
(Times of Oman - 06/06/2013)
The board of directors of Muscat Finance has announced the appointment of Bikram Singh Rishi as the new chief executive officer (CEO) of the company in place of Ajit Engineer with immediate effect. The board extended its appreciation to Ajit, who served ...
Tunis Financial Harbour Featured At First Business & Finance Forum
(Press Release - 04/06/2013)
Tunis Financial Harbour (TFH), the commercial gateway to North Africa, today announced its participation in Business & Finance Tunisia 2013, the premier investment forum in the country attended by the Prime Minister of Tunisia, Mr. Ali Larayedh, the ...
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