Monday 22 May 2017
 
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finance

Nine foreign firms ready to fund Iran plane purchase

Nine financial institutions from Europe and Asia have expressed their readiness to fund Iran's purchases of planes from Airbus and Boeing, a report said. According to deputy minister of Roads and Urban Development for Internat

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Omran, QNB ink JW Marriott project finance deal

Oman Tourism Development Company (Omran) has signed a finance deal of OMR38 million with QNB Oman for the development JW Marriott Hotel within the Oman Convention and Exhibition Centre (OCEC), part of phase one of the Madinat Al Irfan Urban Deve

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AlBaraka Türk wins $213m financing

AlBaraka Türk, one of the pioneers in the field of interest-free banking in Turkey, has reported the success of its syndicated Murabaha financing facility. Due to the oversubscription, Albaraka Türk has decided to increa

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Dunia reports $19.9m profit for 2016

Dunia Group, an Abu Dhabi-headquartered finance company, today reported a full year profit of Dh73.1 million ($19.90 million) for 2016. This included Dunia Finance reporting a net profit of Dh71.3 million and Dunia Services report

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KPMG to focus on financial management at seminar

KPMG in Bahrain, as part of its initiatives to support the development of Small and Medium Enterprises (SMEs), will host the Entrepreneurs Forum seminar on March 14 at the Gulf Hotel, Bahrain. Under the theme ‘the importance

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UAE 'plans 5pc VAT across the board'

The UAE plans to implement a 5 per cent value added tax (VAT) rate across the board from January next year, a senior official was quoted a saying. "There might be areas where we will adopt the zero-rated but currently, as the

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UAE 'plans 5pc VAT across the board'

The UAE plans to implement a 5 per cent value added tax (VAT) rate across the board from January next year, a senior official was quoted a saying. "There might be areas where we will adopt the zero-rated but currently, as the

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Etihad gets top recognition for historic Sukuk

Etihad Airways has been awarded the Islamic Deal of the Year by Global Transport Finance for its debut Sukuk. The Abu Dhabi-based airline successfully completed a Sukuk issuance raising $1.5 billion in November 2016 – the la

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ICD to implement new Islamic finance model

The Islamic Corporation for the Development of the Private Sector (ICD) has signed an agreement with AlHuda Center of Islamic Banking and Economics (CIBE) to implement its new banking model. The Islamic Corporation for the Develop

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RAK gears up for key finance and investment forum

Ras Al Khaimah Finance & Investment Forum (RAKFIF), the new platform for uncovering business investment opportunities and set-up in RAK, is gearing up for a successful first edition next month. Taking place on December 13 and

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