Friday 12 February 2016

EFG wins big at Mena Fund Manager Awards

EFG Hermes, a leading investment bank in the Arab world, has won prestigious awards Mena Fund Manager Awards recognizing its performance in 2015. The esteemed industry recognition also included a regional precedent of awarding the company the top “Mena Asset Manager”.


Qatar ‘will act to maintain liquidity if needed’

Authorities in Qatar will use fiscal policy and money market operations if needed to prevent low oil and gas prices from causing a liquidity crunch in the banking system, the governor of the central bank (QCB) was quoted as saying. Money market rates have risen sharply as flows o


Gulf Finance opens new office In Jeddah

Gulf Finance Saudi Arabia, a provider of Shariah-compliant lease and installment facilities to small businesses, has opened its new head office and branch in Jeddah, marking three years of operations in the Kingdom. The company first established a presence in Jeddah in 2012 and e


Visa launches open platform for developers

Visa has announced the launch of an open access platform which will offer software application developers access to industry leading payments technology, products and services by Visa. The new Visa Developer platform is designed to help financial institutions, merchants, and tech


Mashreq posts $653m net profit in 2015

Mashreq, one of the leading financial institutions in the UAE, said it has maintained a steady performance in 2015 amid difficult market conditions with a solid net profit of Dh2.4 billion ($653 million) over the previous year. Announcing the financial results for the year ending


12 nations sign Trans-Pacific Partnership trade deal

The Trans-Pacific Partnership, one of the world's biggest multinational trade deals, was signed by 12 member nations on Thursday in New Zealand, but the massive trade pact will still require years of tough negotiations before it becomes a reality.   The TPP,


Chamber aims to boost Bahrain-France relations

Business networking luncheons at the newly established French Chamber of Commerce and Industry in Bahrain (FCCIB) have kicked off with the first in the series being held at the Capital Club Bahrain in Bahrain Financial Harbour. In the presence of French Ambassador Bernard Regnaud-Fabre, FCCIB

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