Friday 24 October 2014
 
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finance

Tesco chief to quit over finance blow

The chairman of Britain's biggest grocery chain, Tesco, resigned after the company reported a bigger than expected hole in its finances and said accounting transgressions went back further than initially thought. Tesco, Britai

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Islamic finance grows twice as fast as traditional banks

Islamic finance is growing at twice the rate of the traditional banking industry in its core markets, which include Malaysia, Indonesia, Turkey and the GCC countries, according to an expert. The industry currently boasts $1.6 tril

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New trade finance solution in focus at Bahrain forum

A new trade finance solution not yet available in the Middle East is catching on fast in Western financial markets, it has emerged. Bank Payment Obligations (BPOs) is a payment instrument that's less risky than an open-account

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Ittihad, Irish firm set up aviation finance JV

Ittihad International Investment of Abu Dhabi, UAE, and Aviation Finance Company of Dublin, Ireland, have formed a joint venture that will bring finance and leasing solutions to the aviation industry in the Middle East, North and East Africa and

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Khaleeji Commercial signs $18m finance deal

Khaleeji Commercial Bank (KHCB), a Bahrain-based Islamic retail bank, has signed a new corporate financing deal for a new specialist hospital in the kingdom. Under the agreement, the bank will provide BD7 million ($18 million) finance f

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Business, trade finance link in focus at Dubai summit

The linking of business with international trade finance will be the focus of discussion at a top trade finance summit set to take place in Dubai next month. The Global Trade Finance and Industrial Development Summit will run from

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BIBF-Thomson Reuters study Islamic finance growth

Bahrain Institute of Banking and Finance (BIBF) is collaborating with Thomson Reuters to study the knowledge dimension of the Islamic finance industry through the ICD Thomson Reuters Islamic Finance Development Indicator (IFDI) 2014.

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Islamic finance in focus at Bahrain conference

More than 1,300 high-level industry professionals from over 50 countries will take part in major Islamic banking conference in Bahrain. The the 21st annual edition of the World Islamic Banking Conference (WIBC 2014) will be held u

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Menatelecom boosts fibre optic network

Menatelecom, an investment subsidiary of Kuwait Finance House-Bahrain, has made significant investments in the kingdom for enhancement of its nationwide fibre optic network to businesses. The business solutions provider did not gi

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Islamic finance issues to be probed at Dubai forum

Bahrain’s His Majesty King Hamad and His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa have been invited by UAE Vice-President, Prime Minister and Ruler of Dubai Shaikh Mohammed bin Rashid Al Maktoum to attend the 10th

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