Tuesday 28 April 2015
 
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finance

Sanad raises $90m in syndicated deal

Sanad Aero Solutions, a wholly-owned subsidiary of Abu Dhabi’s Mubadala Development Company, has raised $90 million in financing through a consortium deal with three industry leading banks, increasing its financings to $600 million.

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Tamkeen, BDB add $52m to joint finance portfolio

A new agreement between Bahrain’s labour fund Tamkeen and Bahrain Development Bank (BDB) has added BD20 million ($52.7 million) to their joint enterprise finance portfolio, taking the scheme's corpus to BD170 million. Th

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Amlak Finance targets May for trading restart

Dubai-based Islamic mortgage lender Amlak Finance has said it provisionally plans to resume trading on the Dubai Financial Market (DFM) in May. Shareholders approved the proposal during its annual general meeting on Thursday and a

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Takaud hosts Recruitment Open Day

Bahrain-based Takaud, a specialist savings, investments and pension provider for the Mena region, hosted a Recruitment Open Day yesterday (April 14), which attracted hundreds of potential applicants. The 30 new roles have been cre

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Red Sea Housing appoints new CFO

Saudi-based Red Sea Housing Services Company (RSHS), a leader in modular housing solutions, has appointed Prabhakar Kesavan, an industry veteran, as its new chief financial officer. In his new role, Kesavan will oversee the financ

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Sharia-compliant dispute resolution mechanism 'vital'

A leading Islamic finance expert has called for the creation of a Sharia-compliant dispute resolution mechanism at the global level with participation from all countries active in Islamic finance. According to Malaysia-based Islam

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Islamic finance ‘faces several key challenges'

The Islamic finance system faces several key challenges if it is to unlock its huge potential and develop safely, the International Monetary Fund (IMF) said. Islamic finance - the provision of financial services in accordance with

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BIBF signs deal with Malaysian Islamic finance academy

Bahrain Institute of Banking and Finance has signed a memorandum of understanding with Malaysia's International Shariah Research Academy for Islamic Finance. Signed by BIBF academic studies and Islamic finance studies centre h

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BIBF signs deal with Malaysian Islamic finance academy

Bahrain Institute of Banking and Finance has signed a memorandum of understanding with Malaysia's International Shariah Research Academy for Islamic Finance. Signed by BIBF academic studies and Islamic finance studies centre h

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Middle East firms face rising costs

Companies in the Middle East and North Africa are facing rising costs to fight financial crime, with more than half reporting a climb of higher than 25 per cent in the past two years, according to a survey. In a region where the r

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