Friday 6 December 2019

Nasdaq Dubai welcomes $1.1bn IsDB green sukuk

Nasdaq Dubai yesterday (December 4) welcomed the listing of a €1 billion ($1.1 billion) green sukuk by Islamic Development Bank (IsDB), the multilateral lender which finances development across its 57 member countries.   It is IsDB’s first green sukuk


DMCC, Diamond Bourse of Italy discuss trade campaign

DMCC, the Government of Dubai Authority on commodities trade and enterprise, recently discussed its latest campaign to boost international diamond trade through Dubai with the Diamond Bourse of Italy. In conjunction with attending the Milan Coffee Festival, Ahmed Bin Sulayem, exe


EFG International opens advisory office in Dubai

EFG International, a global private banking group, is expanding its footprint in the Middle East with the establishment of a new presence in the Dubai International Finance Centre (DIFC) in Dubai, UAE. Having received the necessary regulatory approvals from the Dubai Financial Se


Gulf Islamic Investments exits Amazon's key German property

Gulf Islamic Investments (GII) today (December 5) announced an early exit of transaction worth $155 million of its 1 million sq ft of Amazon logistics centres in Dortmund, Germany on behalf of its investors. A leading UAE-based Islamic financial services company, GII said the str


Breakthrough insights unfold at WIBC in Bahrain

The ongoing World Islamic Banking Conference in Bahrain has witnessed over 1,000 delegates and experts, over 50 country representations, 98 partners and 60 high-profile speakers providing breakthrough insights for the growth of Islamic finance. The 26th anniversary edition of The


Ithmaar named fastest growing Islamic fintech bank

Ithmaar Bank, a Bahrain-based Islamic retail bank, was named Fastest Growing Islamic Fintech Bank at the World Islamic Banking Conference (WIBC) 2019. The prestigious award was presented by Central Bank of Bahrain (CBB) Governor, Rasheed Mohammed Al Maraj, to Ithmaar Bank chief e


Waha Capital exits AerCap with $10.8m stake sale

Waha Capital, a leading Abu Dhabi-based investment company, has recorded a net gain of Dh40 million ($10.88 million) through the divestment of its remaining stake in New York-listed AerCap Holdings NV. Waha Capital, which has been a shareholder in AerCap since 2010, has been redu


Arab Strategy Forum to feature global leaders

The upcoming Arab Strategy Forum in Dubai will feature former US Vice President Dick Cheney and former Foreign Minister of the People’s Republic of China, Li Zhaoxing set to lay out the future direction that US-China relations. The 12th edition, opening on December 9 at Rit


World Islamic Banking Conference opens in Bahrain

The 26th anniversary edition of The World Islamic Banking Conference (WIBC), the largest and most prestigious gathering of Islamic banking and finance leaders in the world, kicked off yesterday (December 3) in Bahrain. The conference is being held under the patronage of HRH Princ


NBB becomes first bank to launch Open Banking in Mena

National Bank of Bahrain (NBB) has set a significant benchmark in the region’s financial sector by becoming the first bank in Bahrain and the Middle East and North Africa to launch ‘Open banking’ solutions. Open banking refers to the practice of sharing financia

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