Saturday 23 May 2015

Jordan sees 3.8pc growth despite regional wars

Jordan's economy is robust despite spillover violence along its borders from wars in Syria and Iraq, the central bank governor said on Friday, and will meet its IMF-approved target this year. Weak oil prices that have cut the current account deficit to about 9 per cent have p


Oman Insurance Company appoints new chief

Oman Insurance Company (OIC) has appointed Christos Adamantiadis as its chief executive officer to replace Patrick Choffel who ends his successful four-year tenure next month. Abdulaziz Abdulla Al Ghurair, chairman to the OIC board thanked Choffel, said: "The board and I are


Taqa to raise $3.5bn five-year loan

Abu Dhabi National Energy Co (Taqa) is looking to raise a $3.5 billion loan as it seeks to consolidate a number of existing debts into one facility with a lower rate of interest, three sources aware of the matter told Reuters on Thursday. The firm joins other Gulf-based companies


Arab Banking Corp finances key jet leasing transaction

Bahrain-based Arab Banking Corporation (ABC) has provided a financing facility to Oman Brunei Aviation Leasing Company (OBALC). The facility is for the purchase of two new B737-900ER aircraft leased to Oman Air, said a report in the Gulf Daily News (GDN), our sister publ


Sustainability in investing discussed at Bahrain event

Major trends and issues relating to sustainability in investing and Islamic finance and sukuk came up for discussion at a key event in Bahrain. Organised by CFA Institute and CFA Society Bahrain, the fourth of a series of regional seminars for investment and financial professiona


Bahrain-Germany trade increases by $48m

Bahrain-Germany bilateral trade increased by about $48 million during the first four months of the year, Bahrain Chamber of Commerce and Industry (BCCI) chief executive Nabeel Al Mahmood has said. Speaking on the sidelines of the "German Breakfast and Catalogue Show" at


Bahrain workshop to focus on liquidity risk

The General Council for Islamic Banks and Financial Institutions (CIBAFI), a global umbrella of Islamic financial institutions, has announced it is holding a technical workshop on liquidity risk management next month. The workshop is scheduled to be held at the Four Seasons Hotel


BIBF-DinarStandard to launch key programme

Bahrain Institute of Banking and Finance (BIBF), in partnership with DinarStandard, is launching the world's first training programme on the Convergence of the Halal Market Economy and Islamic Capital next month. The course is scheduled to be held on June 7 and 8 at BIBF, sai


Gap between rich and poor 'is widening'

The widening gap between haves and have-nots in much of the developed world not only raises concerns about the fraying social fabric - it's also dramatically holding back economic growth, according to a new global study. Far from a rising tide lifting all ships, income inequa


Bahrain inflation drops 0.6pc in April

The consumer price index in Bahrain dropped by 0.6 per cent to 122.8 points last month compared with 123.6 in March last year. The index had risen by 2.2 per cent last month to 122.8 points, from 120.1 in April last year, said a report in the Gulf Daily News (GDN), our s

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