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Tag Archives: Finance

EAB Appoints New Head of Private Banking

Finance African Brains Wikimedia

Fadi Halout has joined Europe Arab Bank (part of the Arab Bank Group) as Head of Private Banking and a member of the Bank’s Executive Committee. Europe Arab Bank has Private Banking centres in London, where the Bank has its Head Office, plus Paris and Cannes, providing a range of personal banking services to high net worth clients from the …

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Fitch Affirms Islamic Development Bank at ‘AAA’; Outlook Stable

Finance African Brains Wikimedia

Fitch Ratings has affirmed the Islamic Development Bank’s (IsDB) Long-Term Issuer Default Rating (IDR) at ‘AAA’ with a Stable Outlook. The Short-Term IDR has been affirmed at ‘F1+’. The trust certificates issued by IDB Trust Services Ltd with the benefit of a guarantee provided by IsDB have also been affirmed at ‘AAA’. The ratings reflect the intrinsic strengths of IsDB, …

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What will be the Uber of the banking sector?

A woman registers her palm on a PulseWallet, a point-of-purchase device, during the 2014 International Consumer Electronics Show (CES) in Las Vegas, Nevada, January 8, 2014. REUTERS/Steve Marcus
Reuters/Steve Marcus

Disruptive technology is the big buzzword in the business world right now. TripAdvisor has revolutionised the travel sector, Airbnb has opened up the room renting market and Uber has turned the taxi business on its head. None of these companies own major assets or infrastructure, but they have changed how their industries work and rewarded their inventors with sizeable fortunes, …

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AlHuda CIBE introduces complimentary Advisory Services during the month of Ramadan

al huda

Free Information and Services will be provided on Islamic Banking & Finance, Zakat, and Halal Food in the Holy month of Ramadan. Lahore – In the Holy month of Ramadan, AlHuda Centre of Islamic Banking & Economics (CIBE) initiates a special free desk to deliver free Shariah advisory and consultancy services internationally. This desk includes an expert and renowned panel …

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MoF organises workshop for the launch of the ‘HH Sheikh Mohammed bin Rashid Al Maktoum Fund to Finance Innovation’ pilot phase

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE

As part of its commitment to support the federal government’s directives with regards to innovation, the Ministry of Finance ( MoF ), organised earlier this month, a workshop for the launch of ‘HH Sheikh Mohammed bin Rashid Al Maktoum Fund to Finance Innovation’ pilot phase, at its premises in Dubai. The fund was announced during ‘UAE Innovation Week’ and is …

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Strong first quarter for QInvest

qinvest

Revenue increased by 36% to QAR 102 million (US$ 28 million) Net Profit increased by 34% to QAR 37 million (US$ 10 million) Doha – QInvest , Qatar’s leading private investment group and one of the world’s prominent Islamic financial institutions, today announces a strong start to the year, with an increase of 36% revenues for the first quarter to …

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Banking Leaders Herald “New Era” for Saudi Arabian Economy

Finance African Brains Wikimedia

First Day of Euromoney Saudi Arabia Conference Welcomes 1,600 financiers and investors from around the World; Ministers Outline Plans to Support Saudi Vision 2030 On-Stage Riyadh, Kingdom of Saudi Arabia – More than 1,600 leading financiers, investors and business people met in Riyadh today at The Euromoney Saudi Arabia Conference to hear from senior government ministers about Saudi Arabia’s strategy …

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Mashreq Qatar launches Biometric Banking

mashreq

Advanced fingerprint recognition technology introduced as part of enhanced suite of features offered on the Snapp mobile banking application. Doha – Continuing its legacy of innovation in digital banking, Mashreq, one of the leading financial institutions in the GCC, has announced the launch of biometric security for mobile banking in Qatar, allowing its customers to use their fingertips as password. …

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The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with Export-Import Bank of India to increase bilateral co-operation and explore the feasibility of extending a commercial line of credit

icd

A Memorandum of Understanding (MoU) was signed between the Islamic Corporation for the Development of the Private Sector (ICD) , the private sector arm of Islamic Development Bank (IDB) Group and Export-Import Bank of India (EXIM Bank), a specialized financial institution, established under an Act of the Indian Parliament, wholly owned by the Government of India with a mandate to …

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Bahrain Asset Managers Association to host roundtable on promoting Kingdom as international hub for SPVs

Finance African Brains Wikimedia

Key industry and economic players including CBB and EDB to take part Manama – The Bahrain Asset Managers Association (BAMA) today announced that it will host a high level panel discussion on the 29th March 2016 on “Special Purpose Vehicles (SPV) and Corporate Entities Component in Investment Banking & Asset Management”. The event is being held in cooperation with the …

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