Al Hilal Bank offers USD500m additional Tier 1 sukuk capital
Al Hilal Bank has successfully priced USD 500 million Perpetual Additional Tier 1 sukuk certificates, marking the first Tier 1…
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Coutts appoints Team Leader for GCC
Coutts has announcesdthe appointment of Alex Liddle as a team leader for the GCC, effective 2 July 2014. Based in…
Conyers’ Dennis Ryan promoted to head of corporate services in Dubai
Conyers Dill & Pearman has announced the appointment of Dennis Ryan as head of corporate services in its Dubai office,…
Saudi bank launches USD2bn infrastructure fund
Saudi Arabia-based Islamic Development Bank has launched a USD2bn infrastructure fund that aims to invest in projects across the Muslim…
Moody’s: High-risk assets continue to dominate GCC insurers’ investment mix
Gulf Cooperation Council insurers continue to face investment risk given the dominance of high-risk assets in their investment mix, Moody's…
Mideast funds become more cautious on equities, finds survey
Middle East funds have become more cautious about investing in equities after sharp pull-backs in some markets underlined how high…
Key Turkey fund setback for Ithmaar Bank
Bahrain-based Islamic retail bank Ithmaar Bank has announced that its Shamil Bosphorus Modaraba fund would not achieve its investment objectives…
The main principles of Islamic treasury management
The day of a treasury function in an Islamic bank means having activities relating liquidity and foreign exchange management, i.e.…
Inovest names new CEO
Bahrain-based investment company Inovest yesterday announced the appointment of Nabeel Al Tattan as its new chief executive. Mr Al…
Abu Dhabi fund ADIA bullish on infrastructure, alternative investments
Abu Dhabi Investment Authority, one of the world's largest sovereign wealth funds, is bullish on infrastructure and alternative investments in…
Kuwait finance firm suggests trading oil in bitcoins
There have been a number of proposals in the past to trade oil and gas in another currency than the…
PBME-KHC sign Africa deal
Kingdom Holding Company (KHC), chaired by HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, and PineBridge Investments Middle East (“PBME”)…