Tuesday 27 January 2015

Beltone, Arabiyya ink 5-year management deal

Beltone Private Equity, a private equity and venture capital investment firm and Egypt’s Arabiyya Istithmaraat (Arabian Investments) have signed a five-year management contract, a report said. Beltone will get two per cent of Arabiyya’s capital value and 10 per cent o


Ithmaar website bags top international awards

Ithmaar Bank, a Bahrain-based Islamic retail bank, has won two international awards for its website. In a statement, the bank said its website won two silver awards at the W3 Awards - the first in the general website category for the ‘Best Banking and Bill Payment’ we


BisB extends Visa partnership for 5 years

Bahrain Islamic Bank (BisB) has signed a strategic agreement with Visa, a global leader in electronic payments, to further enhance the bank's partnership with it for another five years. The agreement is part of the bank's endeavours to consolidate co-operation and efforts


Bahrain set to host key businesswomen's forum

The Bahrain Business and Professional Women's International Federation (BPW) announced it is gearing up to host the 63rd annual conference of Femmes Chefs d'Entreprises Mondiales (FCEM) - an association uniting women business owners from the world over. It includes five m


Kuwait cuts spending plan as oil prices hit exports

Kuwait's finance ministry has slashed spending and projected a big deficit in a draft budget for the next fiscal year, as plunging oil prices hit its export revenues. The draft budget for the year starting in April envisages spending of KD19.07 billion ($64.6 billion), down b


Masraf Al Rayan Q4 net profit up, hikes dividend

Masraf Al Rayan, Qatar's second-largest bank by market value, reported a 21.2 per cent rise in fourth-quarter net profit on Monday, beating analyst expectations and helped by lending growth. The increase continues a broadly-positive results season for lenders in the Gulf stat


Dubai Smart Government’s ePay services usage up 25pc

Recent statistics from Dubai Smart Government Department (DSG) have revealed that its ePay system for online payment of Dubai government fees witnessed a 25 percent increase from the previous year, in 2014, generating approximately Dh7 billion ($1.901 billion). The uptrend was ac


Mubasher offers MetaTrader4 platform

Mubasher Financial Services, a top financial institution, has launched the MetaTrader 4 platform (MT4), a well-known online trading platform designed to provide brokerage trade services to customers. The platform has established itself as the industry standard combining an intuit


Bahrain forum to focus on organisational culture

The Banking Association of Bahrain in partnership with 21st Century Consulting (21CC) is holding a seminar explaining why organisational culture matters and how to diagnose its alignment with strategy. The event will take place tomorrow (January 27) at Regency InterContinental Ba


Dubai Islamic eyes 20pc loan growth in 2015

Dubai Islamic Bank (DIB) expects loan growth to moderate to between 15 and 20 per cent in 2015 and is also targeting a reduction in its ratio of bad loans, its chief executive said on Sunday. Adnan Chilwan was speaking to reporters after the UAE's largest sharia-compliant len

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