Tuesday 21 April 2015

UAE Exchange ties up with Filipino bank

UAE Exchange, a leading global money transfer and foreign exchange brand, has tied up with Philippine’s Rizal Commercial Banking Corporation (RCBC), to offer remittance services in real time. Now Filipinos, living outside their homeland and who have an account in RCBC, can


Investcorp eyes long-term plans in Turkey

Mohammed Al-Shroogi, president of Bahrain-based Investcorp’s Gulf Business, recently discussed the company’s latest investments and long-term plans in Turkey with Tayyip Erdogan, President of Turkey. Erdogan and Al-Shroogi also discussed the overall investment landsca


Bahrain 'a vibrant, low-cost gateway to GCC'

Bahrain’s Economic Development Board (EDB) has reported continuing success in positioning Bahrain as a vibrant high-value, low-cost gateway to the GCC. The EDB said it sponsored and took part in the Fund Forum Asia held last week in Hong Kong, said a report in the Gulf


GFH to terminate GDR

Bahrain-based Gulf Finance House has announced that it has decided to terminate its Global Depository Receipt (GDR) programme and has initiated procedures to delist the GDR from the London Stock Exchange (LSE). "After careful deliberations and given that there has been virtu


Region Africa and Middle East summit opens in Dubai

The Region Africa and Middle East (RAME-2015) conference of the Switzerland-headquartered International Federation of Freight Forwarders Associations (FIATA) opened today (April 19) at the InterContinental Dubai Festival City. The two-day event was inaugurated by Sheikh Ahmed bin


UAE issues rules to protect minority shareholders

The United Arab Emirates Securities and Commodities Authority has issued new rules to protect minority shareholders, including regulations covering halts to trading in companies' shares, it said on Sunday. The changes include a provision saying no company has the right to hal


Saudi stocks jump on market opening to foreigners

Saudi Arabia's bourse surged in early trade on Sunday after the regulator said it would open the bourse to direct foreign investment from June 15. The main index rose 3.9 per cent to 9,614 points, breaking minor technical resistance at the late March high of 9,377 points and


New Zealand PM to lead trade mission to UAE

New Zealand Prime Minister John Key will lead a business delegation to the United Arab Emirates on  April 26. “The visit is an opportunity to strengthen and grow trade and business links between the United Arab Emirates and New Zealand. A key priority for me will be ta


Bahrain bank offers $100m for women’s projects

Bahrain Development Bank (BDB) has allocated $100 million for HRH Princess Sabeeka bint Ibrahim Al Khalifa's portfolio for supporting women's trade activities, said a top official. Secretary-General of the Supreme Council for Women (SCW) Hala Al-Ansari was speakin


Arab fund, World Bank in pact to boost finance sector

The Arab Monetary Fund and the World Bank Group (WBG) yesterday (April 18) signed an enhanced partnership framework to support countries in the Arab region in developing their economies and financial markets. This initiative will include collaboration on joint strategies for prom

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