MP threatens to grill Ghunaim if 3 major issues not addressed KUWAIT CITY, Sept 28: MP Mohammed Hayef Al-Mutairi on Sunday threatened to grill Minister of Communications Abdulrahman Al-Ghunaim if he fails to take tangible steps to address three major issues concerning his ministry. Al-Mutairi asked the minister to take decisive steps to start the […]
KUWAIT, Sept 24 (KUNA) — Islamic investment companies have surpassed conventional institutions, with 48 Sharia-compliant investment companies up to the end of July compared to 45 conventional ones. According to a KUNA analysis of statistics published by the Central Bank of Kuwait, however, the volume of assets managed by Islamic companies still remained less than […]
Bahrain teacher ‘insulted Islam’ www.oranous.org/Image/Icon/Prophet%20Mohammad.jpg MANAMA: An American woman was referred to the court yesterday by the Public Prosecution after being charged with insulting the Prophet Mohammed. The woman, who works as a teacher at a private university in Bahrain, was said to have been reported to the university management by a student, who […]
By John Irish DUBAI, Aug 27 (Reuters) – Three Gulf Arab banks will launch a specialised bank to finance infrastructure projects, an agriculture firm and a hospitality fund as rapid growth in the Middle East and North Africa lures billions in new investment. The consortium aims to set up three new Islamic financial […]
http://cache.daylife.com/imageserve/0eTW6pseMSc1S/340x.jpg MANAMA – Women abandoned by their husbands in Bahrain broke their silence and staged two sit-ins earlier this month to highlight the legal challenges they faced in getting their marriage annulled. Their cases have now been taken up by the Women’s Union when some of these women approached it last week, […]
Call to review women’s rights By REBECCA TORR http://cache.daylife.com/imageserve/04t1aKp7NI5su/340x.jpg BAHRAIN could be forced to pass a family law and other new regulations if the country lifts reservations it has to a UN convention on discrimination against women, say campaigners. Bahrain joined the Convention on the Elimination of all forms of Discrimination against Women (CEDAW) […]
Bahrain to host global Islamic banking forum Aug 18th, 2008 | By Sindh Today http://www.homesgofast.com/Bahrain/images/Bahrain_real_esate.jpg Dubai, Aug 18 (IANS) Bahrain will host the 15th annual World Islamic Banking Conference (WIBC), the largest gathering of Islamic finance leaders in the world, Nov 23-25. The event will help shape new growth strategies in the increasingly global market […]
Gardner Finance Expands Middle East Presence With Strategia http://eworldwire.com/pressreleases/18811 “We are truly pleased about Gardner’s expansion into strategically important Middle Eastern markets. Strategia has been known to us already for some time, and we are convinced that the company has the right basis to introduce our products successfully in the region,” said Michael Laznicka. About […]
Lawmaker wants ban on entry of homosexuals http://tinyurl.com/68el7zhttp://tinyurl.com/68el7z Staff Report Published: July 27, 2008, 22:36 Manama: A lawmaker demanded that the government immediately deny entry to homosexuals to eliminate indecency in Bahraini society. Brotherhood MP Mohammad Khalid told Gulf News on Sunday the government should implement a parliamentary proposal approved early this year by […]
Arcapita acquires $1.3 billion Singapore real estate portfolio By: Staff Writer Portfolio is made up of industrial properties, including 39 blocks of flatted factories, 12 amenity centers and three multi-tenanted business park buildings. portfolio is made up of industrial properties, including 39 blocks of flatted factories, 12 amenity centers, three multi-tenanted business park buildings. Bahrain-based […]
<!–Section Title BUSINESS–> Islamic banking boost http://www.gulf-daily-news.com/story.asp?Article=219814&Sn=BUSI&IssueID=31082 MANAMA: The Central Bank of Bahrain (CBB) is set to launch a key Islamic financial instrument aimed at providing a liquidity management tool to Islamic financial institutions. The Islamic Sukuk Liquidity Instrument (ISLI) has been jointly developed by the CBB and the Bahrain-based Liquidity Management […]
<!–Section Title BUSINESS–> Dell launches two support packages By ARTHUR MACDONALD http://www.gulf-daily-news.com/Story.asp?Article=219812&Sn=BUSI&IssueID=31082 MANAMA: Computer giant Dell yesterday launched its Dell ProSupport offering in the kingdom. The launch was held at the Regency InterContinental Bahrain hotel. Dell ProSupport is part of a $200 million global, customer-driven support offering that spans Dell’s commercial product and […]
Tuareg Capital and Capital Management House announce Libya Fund. 2008-06-09 Tuareg Capital, the private equity group with focus on Libya and Capital Management House, the Bahrain based financial institution, announced today that their investment initiative, the Libya Fund, via TAB Energy, a wholly owned subsidiary of the Fund has acquired a majority interest in […]
Family office to launch multi-strategy Islamic fund The Family Office, based in Bahrain, is launching a fund to serve Islamic clients in the Middle East who want to invest in a broad mix of strategies. It will be compliant with Muslim Shariah law that forbids charging interest on loans. Clerics also frown on most […]
8/7/2008 – The 1st Annual World Islamic Banking Conference: European Summit – Tuesday 8th – Wednesday 9th July The 1st Annual World Islamic Banking Conference: European Summit – Tuesday 8th – Wednesday 9th July Jersey Finance has for the past four years been a Silver Strategic Partner at the World Islamic Banking Conference (WIBC) […]
Bahrain Bahrain wins seat on the UN Human Rights Council Agencies Published: May 22, 2008, 09:01 United Nations: Bahrain has won a seat on the UN Human Rights Council.Nations were vying for 15 seats on the 47 member council, which is based in Geneva. In the contest for four council seats from the Asian […]
http://in.reuters.com/articlePrint?articleId=INL2188729920080521 Bahrain’s Ithmaar, partners, launch LatAm fund Wed May 21, 2008 7:04pm IST MANAMA, May 21 (Reuters) – Bahraini Islamic lender Ithmaar Bank ITHMR.BH and two other regional firms launched a $500 million property fund to invest in Latin America on Wednesday, in a move to diversify investments away from the Middle East. Ithmaar on […]
Islamic finance industry trends to be studied Published: 29th April 2008 http://www.gulf-daily-news.com/printnews.asp?Article=215912 MANAMA: Trends, opportunities and the future direction of the global Islamic finance industry will be highlighted at a strategic briefing being organised by the International Islamic Financial Market (IIFM).The exclusive session, for senior executives of Islamic financial institutions, will also feature IIFM’s Master […]
Bahrain conservatives want ‘indecent’ Lebanese singer’s concert cancelled By Habib Toumi, Bureau Chief Published: April 27, 2008, 15:41 Manama: A planned concert by Lebanese singer Haifa Wehbe has waded into controversy after Islamists have called for its cancellation despite strong assurances from organisers that the often scantily clad singer would be wearing “decent” […]
MENAFN – Bahrain Tribune) Executives from Westpac Banking Corporation, one of Australia’s top ten listed companies, are looking at establishing a presence in the GCC financial markets. The group will be in Bahrain next week to discuss a broad range of offerings with major banks and private investors. The Australian Business Group Bahrain will […]
http://www.humanevents.com/article.php?print=yes&id=25790 HUMAN EVENTS America for Sale Dr. Rachel Ehrenfeld and Alyssa A. Lappen Posted 04/01/2008 ET Updated 04/01/2008 ET As the U.S. and Western markets plummet and the U.S. dollar continues its free fall, sovereign wealth funds (SWF) gobble up prime financial institutions, industries and real estate in the U.S. and the West. Given concerns […]
UPDATE 1-Gulf banks, investors plan $3 bln Islamic bank Wed Mar 26, 2008 8:17am EDT http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSL2685771920080326 By John Irish DUBAI, March 26 (Reuters) – Gulf banks and individual investors are planning to set up a $3 billion Islamic investment bank and an Islamic stock exchange in Bahrain by 2009, the chief executive of Albaraka Banking […]
MBA students get an insight into Islamic finance sector http://www.gulf-daily-news.com/Story.asp?Article=212521&Sn=BUSI&IssueID=31004 Published: 24th March 2008 MANAMA: A group of 38 MBA students yesterday attended a one-day seminar on Islamic Finance at the Regency Intercontinental Hotel.KFH-Bahrain received the students from the Darden School of Business, University of Virginia. The Darden School of Business delegation is touring […]
http://www.gulf-daily-news.com/Story.asp?Article=212344&Sn=BUSI&IssueID=31003 Centre urged to monitor Islamic banks Published: 23rd March 2008 MANAMA: A Bahraini banker has urged the government to set up an information and research centre and a national council for Islamic banks to monitor the growth rate of the Islamic banking sector regionally and internationally.Al Safwa Islamic Financial Services president Abdullatif Abdul […]
Bahrain slammed over women’s rights updateDate = “Sunday, 09 March 2008 11:54′by Joel Bowman on Sunday, 09 March 2008http://www.arabianbusiness.com/513190-rights-agency-slams-govt-over-womens-rights RIGHTS ISSUES: The Bahrain Centre for Human Rights slammed the government on Saturday over issues regarding the rights of women in society. (Getty Images) A Bahrain rights group on Saturday slammed the government for failing to […]
(MENAFN – Bahrain Tribune) With the current outstanding volume of global sukuk market is estimated in excess of $120 billion, the Islamic debt and capital markets are set for huge growth over the next few years.The existing size of the market is projected to further increase to over $200 billion in the next […]
Lecita still waiting to see daughter By GEOFFREY BEW and MOHAMMED ASLAM www.gulfdailynews.com MANAMA A FILIPINA mother who has not seen her daughter for more than two months yesterday slammed Bahrain’s police force for not doing enough to find her child. Lecita Flores has been fighting with her Bahraini ex-husband for the right to bring […]
http://www.gulf- daily-news. com/Story. asp?Article= 209944&Sn= BNEW&IssueID= 30344 MILLIONS of dollars are being raised in the Gulf to finance terrorism, a senior US treasury official alleged yesterday. Iran is the chief culprit, but funds are being raised throughout the region, often through otherwise genuine charity funds, said Under-Secretary of the Treasury for Terrorism and Financial Intelligence […]
Forum to put Europe in Islamic finance spotlight Published: 27th February 2008 MANAMA: More than 400 international delegates are expected to attend a top Islamic banking conference. The First Annual World Islamic Banking Conference: European Summit (Euro WIBC) opens on July 8 in London. Over the past 15 years the World Islamic Banking […]
Gays to face new clamp By MOHAMMED AL A’ALI Published: 14th February 2008 A NATIONWIDE crackdown on homosexuals could be launched in Bahrain, including tougher immigration checks to stop foreign gays entering the country. It would include a study to determine how widespread homosexuality is in Bahrain. Parliament’s foreign affairs, defence and national security […]
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