Monday 28 July 2014
 
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finance

Finance House profit increases 8pc in H1

Finance House (FH) has registered a net profit of Dh61.2 million for the six months ended June 30, an increase of 8.3 per cent compared to Dh56.5 Million in the corresponding period last year.

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NBAD appoints syndicated finance head

The National Bank of Abu Dhabi (NBAD) has appointed Jonathan Macdonald as the managing director and head of Syndicated Finance.   Macdonald will lead NBAD’s loan underwriting, primary loan distribution, sec

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Islamic finance council to finalise 'strategic plan'

Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI), a global umbrella organisation of Islamic financial institutions, is set to finalise its Strategic Plan 2015-2018 by the end of the year.  

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BAB signs key finance research deal

The Bahrain Association of Banks (BAB) has signed a MoU with 21st Century Consulting (21CC) to jointly develop research in banking and finance. "One of the main objectives of a banking association is to produce research on th

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Wynyard wins Nonoo Exchange supply deal

Wynyard Group, a market leader in critical threat assessment and advanced crime analytics software for government, financial services and critical national infrastructure, has won a major contract from Bahrain's Nonoo Exchange Company.

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Islamic trade finance fuels GCC reinsurance demand

The spread of Islamic trade finance is boosting demand for sharia-compliant reinsurance in the Gulf, trade credit insurer Euler Hermes says, predicting the sector could eventually account for over a third of its business in the region.

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Expert to discuss financial institutions' evaluation

A leading financial expert will discuss the issue of evaluating the market price of banking institutions at a key luncheon meeting being hosted by The Bahrain Association of Banks (BAB) tomorrow (June 24). The BAB's quarterly

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KFH unit in Turkey mandates banks to issue sukuk

Turkey's Kuveyt Turk, owned by Kuwait Finance House, mandated banks for a sukuk issue, bankers told Reuters on Tuesday.   The bank has mandated KFH Investment as global coordinator and Citi, Emirates NBD Capi

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MBS, IMA extend collaboration deal

Manchester Business School Middle East Centre (MBS) and IMA (Institute of Management Accountants) have extended their regional agreement to continue developing accounting and finance professionals in business in the Middle East.  

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Islamic finance looks to shake off pricing hitch

Islamic finance has been one of the fastest-growing sectors in global finance but the industry has yet to shake off perceptions about high costs and complexity that are holding back some issuers. Sukuk, or Islamic bonds that follo

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