Monday 1 September 2014

China to buy larger share of GCC exports

Gulf Co-operation Council (GCC) export to China is growing in Saudi Arabia, Qatar, UAE and Oman and is set to increase in Kuwait next year, according to an expert. A deal announced in mid-August between Kuwait Petroleum Corp (KPC) and China’s Sinopec to double the amount of


New margin trading rules take effect in Bahrain

New market rules that allow margin trading and non-Bahraini brokers to trade will come into effect from today (September 1) at the Bahrain Bourse (BHB). A key provision is that non-Bahraini brokers licensed by capital market regulatory institutions in their domiciles can trade at


BFH names new chief executive

The Bahrain Financial Holding (BFH) Company and the Financial Centre Development Company have appointed Ahmed Ebrahim Al Moataz as the new chief executive and board member of BFH. The two companies are the developers of the Bahrain Financial Harbour (BFH), a fully integrated wate


Mumtalakat training push for executives

Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of Bahrain, has launched the Mumtalakat-Insead International Directors Programme, in partnership with international business school Insead. It is a corporate governance training initiative for its nominee directo


BFC opens 39th outlet in East Riffa

Bahrain Financing Company (BFC) has opened a branch in East Riffa, which expands the money transfer and foreign exchange group's retail network to 39 locations. Located close to the International Medical City Hospital on Baynah Avenue, the branch will cater to local residents


GFH rating raised by Capital Intelligence

Capital Intelligence (CI), the international credit rating agency, has raised the Long-Term Rating of Gulf Finance House (GFH) to ’BB’ from ‘BB-‘ and confirmed GFH’s Short-Term Rating at ‘B’.  The outlook for GFH’s ratings revert to &l


Al Khaliji appoints new group CEO

Al Khaliji Commercial Bank has announced the appointment of Fahad Abdulla Al Khalifa as group chief executive officer. In making the announcement on behalf of the Board, Sheikh Hamad Bin Faisal Bin Thani Al Thani, chairman and managing director, said: “Al Kh


French President meets Alwaleed in Paris

French President François Hollande and Prince Alwaleed Bin Talal, chairman of Kingdom Holding Company (KHC) of Saudi Arabia, recently discussed bilateral investment issues at a meeting in Paris. The two leaders met at the French presidential palace the Elysee on August 29,


Emaar Properties to launch malls unit IPO in Sept

Emaar Properties will launch an initial public offer to sell at least 15 per cent of its shopping malls and retailing unit on Dubai's main stock market in September, and plans to list the shares in October. The emirate's largest real estate developer will offer 30 per cen


Saudi market opening 'set to attract growth capital'

As Saudi Arabia moves ahead with plans to open up the domestic capital markets to global investors, it is very likely that the kingdom will be seriously considered for an inclusion in various emerging markets indices, said an industry expert. Any new inclusion in an emerging mark

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