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Thu, 18 Mar 2010 | 15:14 GMT
Thu, Mar 18, 2010, 15:14 GMT
 

  • Dubai World Limitless Makes Payment On $1.2B Loan


    Limitless, a property development unit of Dubai World, on Thursday paid creditors interest for a $1.2 billion loan due at the end of this month, bankers said. Zawya Dow Jones News - 18Mar 12:25GMT
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  • Bonyan Closes EGP 185 Million Loan for Designopolis


    Bonyan for Development and Trade announced today that it has finalized arrangements for an EGP 185 million syndicated loan to finalize the completion of Designopolis, the first furniture and home accessories mega-mall in the Middle East and North Africa. Press Release - 18Mar 11:26GMT
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  • Invests In Dubai Invest Park To Hit AED75B On Completion


    Dubai Investments, or DI, expects the last phase of its multi-use complex Dubai Investments Park, or DIP, to attract additional investments of 5 billion U.A.E. dirhams ($1.36 billion) to bring overall investment in the complex to AED75 billion. Zawya Dow Jones News - 18Mar 10:30GMT
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  • ICAEW teams up with the Dubai Financial Services Authority to debate audit monitoring


    On Wednesday 17 March, the ICAEW jointly organised a breakfast event in the heart of Dubai's financial district, the Dubai International Financial Centre (DIFC), with the Dubai Financial Services Authority (DFSA) to offer a briefing on the role of audit monitoring in improving the quality of, and confidence in, financial information. Press Release - 18Mar 09:38GMT
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  • Standard Chartered Bank Signs Key Training Deal with BIBF


    Standard Chartered Bank signed a new joint partnership agreement with the Bahrain Institute of Banking & Finance (BIBF) to join the graduate training and career development program conducted by BIBF in cooperation with TAMKEEN. Press Release - 18Mar 08:41GMT
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  • GCC corporate earnings fall 5%


    Corporate earnings of GCC companies have fallen for the second consecutive year, according to a Kuwait-based financial services company. Emirates Business 24/7 - 18Mar 08:41GMT
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  • Iranian bank opens branch in Basra


    An Iranian bank has opened a branch in the southern province of Basra to facilitate money transfer between the two countries, the Iranian consul in the city said. Aswat Aliraq - 18Mar 08:32GMT
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  • NBK introduces the Jordanian Social Security Campaign to the Jordanian Community in Kuwait


    National Bank of Kuwait (NBK), the leading bank in Kuwait and the highest rated bank in the Middle East, in collaboration with the Jordanian Social Security Corporation (JSSC), recently organized a special gathering to mark the re-launch of the Security Ambassador campaign "the Social Security Office" in Kuwait. Press Release - 18Mar 08:26GMT
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  • MasterCard Cedar Miles from Bank Audi and Middle East Airlines A Partnership for Miles


    Bank Audi and Middle East Airlines (MEA) announced that they were taking their partnership one step further by launching the MasterCard Cedar Miles card in the Jordanian market. Press Release - 18Mar 07:39GMT
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  • Tadawul maintains record high momentum


    Saudi Arabia's Tadawul All Share Index (TASI) gained 0.92 percent on Wednesday to 6,674.41 - the highest close since Oct. 15, 2008 - with 63 stocks rising and 44 falling. The Saudi Gazette - 18Mar 07:14GMT
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Research     

Islamic Wealth Management 2009
Yasaar Media - 17 Mar 2010

The report places Islamic wealth management in its proper context and argues that its future lies in being smart, being international, and more importantly, in being nimble. The wait-and-see approach simply does not work in the current environment: insight and foresight are what is needed for Islamic wealth management to move forward, the report notes.
 
 
 
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Right Steps
The Abu Dhabi Investment Authority , one of the world's biggest but most secretive state-controlled investment funds, made a small but significant step towards better disclosure by publishing its first annual review this week.
 

 
Islamic Finance
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Company Ranking
Ranked by Market Cap 
Based on yesterday's close
| No. of Employees | Total revenue
  Company Country Market
Cap
($mil)
1 International Company for Leasing Egypt 275
2 Saudi Printing and Packaging Company Saudi Arabia 254
3 Privatization Holding Company Kuwait 251
4 National Leasing Holding Qatar 242
5 Suez Canal Company For Technology Settling Egypt 233
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