Tuesday 13 October 2015

Key indemnity research launched in Bahrain

A research project aimed at enhancing understanding of the professional indemnity (PI) clause in contracts and how it impacts clients, consultants and contractors has been launched by the Project Management Institute – Arabian Gulf Chapter (PMI-AGC) Bahrain. During the project’s k


CFA Society Bahrain appoints new board

CFA Society Bahrain, an association for local investment professionals, has announced the appointment of a new board following an election at the annual general meeting. The new board for the next two years is led by Mahmoud Nawar as president with Ali Al Moulani as vice-president, Nada Jamsh


SMEs playing ‘vital role in global value chains’

As global value chains have become a dominant feature of today’s global economy, there is growing evidence that the nature of trade is changing, according to World Trade Organisation (WTO) deputy director-general Yonov Frederick Agah. Speaking during a panel discussion at the First Annu


Markets may be near turning point

Currencies, stocks and bonds appear to be at a turning point, according to the latest Reuters polls from around the world, with the size and nature of forecast changes suggesting worries are building about the health of the global economy. The latest sharp revisions to currency,


GCC states maintain spending despite low oil

Governments in the Gulf Cooperation Council (GCC) are maintaining capital investment spending to support economic activity, despite rising fiscal pressures from falling oil prices, a Standard & Poor's Ratings Services report said. “However, should oil prices fall mu


Qatar National Bank Q3 net profit up 6.1pc

Qatar National Bank (QNB), the largest lender in the Gulf Arab region, reported a 6.1 per cent increase in third-quarter net profit on Wednesday, beating analysts' forecasts. The bank reported a net profit of QR3.11 billion ($854.11 million) in the three months to Sept. 30, u


Saleh Binladen quits as Alkhabeer Capital chairman

The Board of Directors of Alkhabeer Capital, a leading asset management and investment firm based in Saudi Arabia, said it has accepted the resignation of Saleh Mohammed Binladen as the company's chairman. The board also announced the appointment of Musaad Mohammad Aldrees as


Xpress Money offers chance to witness cricket legends in Dubai

Xpress Money, a leading money transfer brand, is offering a once in a lifetime opportunity to witness cricket legends Sachin Tendulkar and Wasim Akram in association with the exclusive event 'Cricket & Beyond,' as part of its ongoing campaign ‘#beyondborders.’


NBAD tops as bookrunner for GCC bonds, sukuk

National Bank of Abu Dhabi (NBAD) has been ranked number one bookrunner of bonds and sukuk in the GCC for the first nine months of this year, according to data compiled by Dealogic.‎   This marks the first time a Middle-Eastern bank has been top ranked in th


Banque Saudi Fransi Q3 net profit rises 10.2pc

Banque Saudi Fransi, a lender part-owned by Credit Agricole, posted a 10.2 per cent rise in third-quarter net profit on Wednesday as total operating income increased. The kingdom's sixth-largest bank by assets made a profit of SR1.02 billion ($272.1 million) in the three mont

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