GFH announces the appointment of executive Chairman and new capital program

Gulf Finance House B.S.C. (GFH) today announced the appointment of Esam Janahi as Executive Chairman and the launch of a new capital program. Read more

IBQ announces Ramadan credit card promotion

• Banking offshore could offer you tax efficient accounts and investments, depending on your situation.

IBQ announced today its new credit card promotion for the holy month of Ramadan. This is IBQ’s fourth consecutive promotion since the launch of its merchant partner programme in 2009. The programme brings together a cross section of retail merchants offering customers choice as well as value. Read more

Middle East and GCC region sees major increase in number of candidates sitting the CFA examinations

CFA Institute Announces June 2010 Worldwide CFA Exam Results

CFA Institute announced today that 42 percent of 111,731 current and aspiring investment professionals worldwide passed the June 2010 CFA exams, bringing them one step closer to earning the distinguished CFA charter. Read more

Bahrain Financial Harbour repays US$134M Sukuk facility

Bahrain Financial Harbour Holding Company B.S.C. (c) (“BFHHC”), whose owners, Emar Bahrain (“Emar”), agreed to purchase Gulf Finance House’s (“GFH”) 49.88% investment in BFHHC in June 2010, announced today it has fully repaid a US$134 million sukuk facility arranged by Liquidity Management Centre (“LMC”) which was used to finance the construction of the Financial Centre within Bahrain Financial Harbour. Read more

Collinson Group launches Lloyds Broker

Priority Collection is delighted to announce that it now has direct access to in-house Lloyds services as a result of the launch of Collinson Insurance Brokers Ltd. by its parent company, The Collinson Group.

Through this new facility, Priority Collection is able to provide a wide range of insurance products to existing and new clients, with significant cost benefits for large volume products. Read more

Western Union Commits $100,000 to Flood Relief Efforts in Pakistan

To help the victims of Pakistan’s natural disaster of heavy rains and flooding affecting upwards of 14 million people, The Western Union Company (NYSE:WU), today announced a number of disaster relief efforts in support of Pakistan, including: grants; consumer, Agent and employee donation programs; and a no transfer fee* initiative when sending money to Pakistan from the U.S., UK and select countries in the Middle East, in cooperation with our Agents. Read more

LLOYDS Banking Group provides $15M to support RSS growth in Middle East

Lloyds Banking Group’s corporate markets team in Aberdeen has provided $15m million in extra credit facilities to Rental Services & Solutions Ltd (RSS) in order to support the power and cooling service provider’s growth plans. Read more

International Islamic Trade Finance Corporation ITFC Supports Intra OIC Trade

The International Islamic Trade Finance Corporation, ITFC, a member of the Islamic Development Bank Group, announced that it carried out 36 trade finance operations with a total value of $1.253 billion in favour of 16 countries during the first half of 1431 (2010). Read more

Abu Dhabi Finance partners up with Tamouh

Abu Dhabi Finance, today announced the details of its partnership with Tamouh Investments LLC, one of the main master developers in Abu Dhabi. Under the agreement, Abu Dhabi Finance will become a preferred mortgage lender when Tamouh starts selling its real estate developments to end users. Read more

Complinet to Host the Fifth GCC Regulators’ Summit in Abu Dhabi

Complinet, a leading provider of connected risk and compliance solutions and part of Thomson Reuters, is pleased to announce that the Fifth Gulf Cooperation Council (GCC) Regulators’ Summit will take place in Abu Dhabi on February 16 and 17, 2011, under the auspices of the Emirates Securities & Commodities Authority.

The summit will be inaugurated by the United Arab Emirates’ Minister of Economy, H.E. Sultan Bin Saeed Al Mansoori, as well as H.E. Abdullah Al Turifi, the chief executive officer of the Emirates Securities and Commodities Authority (ESCA). Read more

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