Saturday 4 July 2015
 
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Investcorp gets new finance head

Investcorp, a Bahrain-based alternative investment firm, has hired Tony Robinson as its chief financial officer effective from July 1. Robinson re-joins the company from Bahrain's sovereign fund Mumtalakat, replacing Rishi Kapoor who will become co-chief executive on the same

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Dubai Holding names new managing director, CEO

Dubai Holding, the investment vehicle of the emirate's ruler, has promoted two members of management to the roles of managing director and chief executive, the company said. CEO Ahmad Bin Byat has been promoted to vice-chairman and managing director, according to a statement

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MasterCard names country manager for Bahrain

MasterCard, a leading global payments and technology company, has appointed Khaled Abdulkarim as the country manager for Bahrain. Abdulkarim joins MasterCard with 13 years of experience and an extensive track record in the banking industry in the kingdom, said a statement from th

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Accounts institute gets new president

The Chartered Institute of Management Accountants (Cima), the world’s leading professional body of management accountants, has elected Myriam Madden as president for the forthcoming year following the annual general meeting held earlier this month. Madden is an expert in fi

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French group buys $150m stake in KHC

Kingdom Holding Company, the Saudi Arabian investment firm chaired by billionaire Prince Alwaleed bin Talal, said a group of French companies led by a state-backed investment fund have agreed to invest $150 million in the company. Aeroports de Paris, insurer AXA and construction

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Gulf stocks open lower on militant attacks, Greece

Gulf stock markets fell in early trade on Sunday after militant attacks in Kuwait and Tunisia killed a total of 66 people last week, and because of concern about the Greek debt crisis. The main Dubai stock Index sank 1.8 per cent. Heavyweight Emaar Properties lost 2.5 per cent an

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HSBC Oman in deal to sell Pakistan business

HSBC Bank Oman has agreed to sell its banking business in Pakistan to Meezan Bank, a sharia-compliant Pakistani lender, it said on Sunday. The deal, which is subject to regulatory and other approvals, is expected to be completed during the second half of 2015, the bank said in a

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Barwa Bank Q1 profit up 4pc to top $57m

Barwa Bank, a leading Shari’ah-compliant service provider in Qatar, has posted a net profit of QR209 million ($57.3 million) for the first quarter of 2015, as against QR 201 million for the same period last year, marking an increase of four per cent. Total assets jumped by

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Kingdom Holding, CDC set up $400m fund

Saudi Arabia's Kingdom Holding Company, the investment firm owned by billionaire Prince Alwaleed bin Talal, has joined hands with French group Caisse des Dépôts International Capital (CDCIC) to set up a $400 million fund. The investment vehicle will be be jointly

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JP Morgan names Mena cash equity sales head

JP Morgan has hired Shakir Iqbal as head of cash equity sales for the Middle East and North Africa (Mena) and frontier markets, the US bank said on Thursday. Iqbal, previously director of Mena and frontier market equity sales at Bank of America Merrill Lynch, will be based in Dub

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