Tuesday 2 September 2014

Doha Bank CEO wins ‘Life Time Achievement Award’

Doha Bank’s chief executive officer (CEO) won the ‘Life Time Achievement Award’ at a summit in India recently. The Global Summit 2014 on Business Excellence, under the theme ‘Business excellence through Boardroom best practices’ was hosted by the Ins


Nayef Al-Hajraf new Kuwait CMA chief

Kuwait's cabinet appointed former finance minister Nayef Al-Hajraf as chairman of its Capital Markets Authority, which regulates the stock market, state news agency Kuna said. He replaces Saleh Al-Falah, who had held the post since the CMA began operating in early 2011. Kuna


Watania wins approval for 60.53pc stake sale

Abu Dhabi-listed Islamic insurer National Takaful Company (Watania) said on Tuesday that UAE regulators had approved the sale of 60.53 percent of the firm to MB UAE Investments and an affiliate of MB. In a bourse filing, Watania said MB UAE Investments would acquire 51 per cent a


Infrastructure issues to be probed at key Bahrain forum

The preparations for the upcoming Bahrain Global Infrastructure Leadership Forum were discussed at a key meeting. Transportation Minister and Economic Development Board (EDB) acting chief executive Kamal Ahmed received event organiser CG/LA Infrastructure's president and chie


IILM lengthens tenors with 6-month sukuk issue

The Malaysia-based International Islamic Liquidity Management Corp (IILM) lengthened maturities in its Islamic bond programme on Monday by auctioning $400 million of six-month sukuk, its first sale of that tenor. The IILM, a consortium of central banks from Asia, the Middle East


Alkhabeer Capital, USAA acquire office portfolio in US

Saudi Arabia-based Alkhabeer Capital, a leading asset management and investment firm, has acquired Lake Pointe Center III and IV, in association with its investment partner USAA Real Estate Company. The investment is the latest transaction of Alkhabeer US Real Estate Income Fund

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