Thursday 2 October 2014
 
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finance

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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Dana Gas wins $100m financing for Zora project

Dana Gas, the Middle East’s leading regional private sector natural gas company, has secured through its wholly owned subsidiary Dana Gas Explorations, a $100 million term facility for the Zora Field Development Project in the UAE.  

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IFSB–BIBF to debut ‘Islamic Finance Executive Programme’

The Islamic Financial Services Board (IFSB) and the Bahrain Institute of Banking and Finance (BIBF) are set to debut their joint IFSB-BIBF Islamic Finance Executive Programme (IFEP) series next month. The series, under the theme &

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Finance comparison site debuts in Bahrain

UAE-based finance comparison site compareit4me.com has launched "bahrain.compareit4me.com", for consumers in Bahrain. The website seeks to facilitate search, comparison and application for financial products such as bank

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Gunvor completes $420m Middle East loan

Gunvor Group has signed a $420 million secured uncommitted borrowing base facility, replacing a $400 million facility agreed in August last year, the company said in a statement. The funding is used to finance working capital needs incl

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Goldman Sachs plans debut sukuk issue for $500m

Goldman Sachs is reviving plans to raise at least $500 million with its first issue of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money. The US bank will mee

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Bahrain tops GCC in Islamic finance

Bahrain has been named the GCC's leading Islamic finance market and second out of 92 countries worldwide, for the second year in a row. This is according to the Islamic Corporation for the Development of the Private Sector-Tho

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Al Futtaim, Al Hail Orix to provide equipment finance

In a major boost to the UAE construction sector, two Dubai-based financial institutes -- Al Hail Orix and Al Futtaim Finance -- have joined hands to provide equipment finance solutions.   Al Hail Orix Finance is a joint ventur

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