Thursday 11 February 2016

Finance House posts $16.7m net profit

Abu Dhabi-based Finance House, a leader in commercial and retail financing, financial services and investments, has reported a consolidated net profit of Dh61.7 million ($16.7 million) for 2015, slipping from Dh73.3 million ($19.9 million) achieved in 2014. Total Assets as of December


Tenmou event to boost startup ecosystem in Bahrain

Tenmou, Bahrain’s first ‘Business Angels’ organisation, hosted a high-profile social networking event entitled ‘Bahrain Womenpreneur’ at their offices.   Organised in collaboration with the Bahrain Businesswomen’s Society (BBS


International Islamic Trade Finance to open branch in Dubai

UAE Ministry of Finance has signed a deal with International Islamic Trade Finance Corporation, a subsidiary of the Islamic Development Bank Group, to establish a branch and start its operations in Dubai.   The agreement was signed by Obaid Humaid Al Tayer, Mini


Investcorp seeks more deals as H1 profit rises

Bahrain-based Investcorp will seek further opportunities to acquire businesses, its co-chief executive said on Wednesday, after the alternative investment fund posted a 12 per cent rise in first-half net profit. Investcorp bought the Hedge Fund of Funds business unit of US firm S


Measures to attract foreign investors to Dubai in focus

The measures being taken to attract more foreign investors to Dubai and the steps to achieve this will be among key highlights at the upcoming Dubai Forward.   The event will run from February 15 to 17 at Mina A’Salam Hotel.  


Investcorp posts 12pc rise in net income

Investcorp, a global provider and manager of alternative investment products, posted an increase of 12 per cent in net income to $50.9 million for the fist six months of its fiscal year (H1 FY16) ending December 31. The company had reported a net profit of $45.3 million during th


Bourses join global market rout; Egypt tumbles 2.8pc

Stock markets in the Middle East fell on Tuesday, erasing the prior session's gains, as risk appetite diminished following a slump in global shares. Egypt's main index tumbled 2.8 per cent to 6,004 points, erasing the prior session's gains as foreign funds redeemed sh


Takaud, BKIC partner to create secure tomorrows for Bahrainis

Takaud, a specialist provider of savings, investment, and pension solutions for the Middle East and North Africa (Mena) region, has joined forced with Bahrain Kuwait Insurance Company (BKIC) to protect the people of Bahrain and the region, by helping them take better care of their tomorrows.


DIFC arbitration centre appoints director, registrar

Dubai International Financial Centre's (DIFC) LCIA Arbitration Centre has appointed Mohamed ElGhatit as its director and registrar with effect from February 14.   The centre is operated by the DIFC Arbitration Institute (DAI) with the assistance of the Londo


Focus on impact of falling oil prices on regional firms

A line-up of leading financial experts will discuss the impact of sustained fall in oil prices on businesses in the region and beyong at a leading financial forum in Bahrain this month.   The fifth Euromoney GCC Financial Forum will take place on February 23 and

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