Thursday 23 March 2017

Oman rating balances assets against oil reliance

Oman's Baa1 rating with a stable outlook reflects its high wealth levels and a still comparatively strong government balance sheet, balanced against credit challenges, including its heavy reliance on the oil and gas sector, Moody's Investors Service said in a report today.


IDB urges adoption of its PPP model

The Islamic Development Bank’s (IDB) first Public-Private Partnership (PPP) Forum held recently in Riyadh, Saudi Arabia has called for adopting its namesake model handle the challenges of socioeconomic development in the bank’s member countries. Dr Bandar Hajjar, pres


Falcon names new chairman, board members

Falcon Group, a Swiss private banking boutique, recently approved a new composition of the Board of Directors with Christian Wenger as the new chairman and three new Swiss Board members. This follows the stepping down of the previous chairman Lennart Blecher after almost 13 years


UAE’s Beehive enlists SRB for Sharia functions

UAE-based Beehive P2P, a leading online marketplace, has appointed Shariyah Review Bureau (SRB) to supervise its Sharia Supervisory Board, Certification and Sharia Audit functions for its P2P Islamic platform. Beehive P2P recently announced the regulation of its Sharia compliant


EFG Hermes concludes advisory on $105m IPO

EFG Hermes, a leading financial services corporation in the Middle East and North Africa, successfully concluded today its advisory on ENBD REIT’s $105 million initial public offering on Nasdaq Dubai. This morning, 254,401,340 shares including the 94,594,595 shares issued i


Bahraini firm eyes BMB stake

Bahraini firm AN Investment (ANI) is seeking to acquire up to 33.1 per cent of shares in Bahrain Middle East Bank (BMB), an investment bank listed on Bahrain Bourse (BHB), via an open offer to shareholders, reported the Gulf Daily News, our sister publication. To read fu


Dubai Ruler launches UAE Centennial 2071 plan

Vice President, Prime Minister and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum has launched ‘UAE Centennial 2071’, a long-term government plan aimed at setting future generations up for success and prosperity. The plan is based on the recent and crucial ke


Euromoney to launch first Emirates Conference in Sharjah

Euromoney Conferences has announced the launch of The Euromoney Emirates Conference 2017, the first Euromoney event to be held in the UAE. The conference will run on May 8 and 9 in Sharjah. Since the late 1970s, the company has organised a series of successful and


New CEO for Deutsche Securities Saudi Arabia

Deutsche Securities Saudi Arabia (DSSA), a CMA licensed securities firm wholly owned by Deutsche Bank AG, has appointed Tamim Jabr as chief executive officer. Effective immediately, Jabr takes over from Jamal Al Kishi, who as previously appointed chief executive officer for Deuts


ADIB launches new class of branch

Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has launched ADIB Express, a first of its kind class of digitally-enabled branch that combines the benefits of digital banking with a bespoke personalised service. The first branch, located in Dubai’s The Ranches Sou

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