Oman- Meethaq, Moe Join Hands To Train 4,000 Students In ‘Little Investor’ Programme
(MENAFN – Muscat Daily) Muscat- Coinciding with the new academic year, Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, in …
Middle East
Commercial Bank of Dubai Appoints New COO
In his previous role, Kumar was the Chief Operating Officer at Qatar Islamic Bank in Doha. With over 25 years banking experience, he spearheaded …
Saudi Arabian Airlines Seeks $1.3bn Sukuk To Expand Fleet
National carrier Saudi Arabian Airlines (Saudia) is seeking to raise 5 billion riyals ($1.3 billion) via the first tranche of a sukuk isuance …
Saudi Lender To Help Introduce Islamic Finance In India
Mumbai: – Stating that Islamic finance offers advantages like lower bad loans, an arm of Islamic Development Bank (IDB) today said it will …
Tourism Grows Steadily In MEA Region
The Middle East and Africa region is more focused than ever on developing its hospitality infrastructure with 538 hotels totaling 151,771 rooms under …
Islamic Banks` Market Share In Oman Set To Reach 10% By 2018
Muscat: Oman’s Islamic financial institutions are showing robust growth with the value of gross assets touching OMR2.25 billion by the end of 2015, …
Islamic Banking Takes A Leading Role In Saudi Arabia, Says Fitch
In a new report, Fitch Ratings says Islamic finance is a mature and developed industry in Saudi Arabia, representing about two-thirds of total bank …
Oman To Establish First Budget Airline
Muscat: – Oman plans to establish its first budget airline to boost tourism as the plunge in global oil prices encourages the country to …
Dubai Sells Halal Ready-To-Eat Meals for Muslim Migrants In Europe
Dubai – Over recent months, the European Refugee Crisis has dominated news headlines. At the same time, tens of thousands of Halal ready-to-eat …
Oman Central Bank Rejects Bank Muscat’s $1.3bn Sukuk Plan
Bank Muscat, Oman’s largest lender, has delayed plans to launch a 500 million rial ($1.3 billion) sukuk programme after the central bank …
Saudia: A Game-Changing Strategy For Al Kifah Holdings Financial Arm
Tamweel for trading & Installment Company ( TTIC ) assigns Shariyah Review Bureau as it ambitiously looks at accelerating Shari’a compliant …
Bank Nizwa’s Tenth Branch Opened In Barka, Oman
Barka: Bank Nizwa, Oman’s first Islamic bank, has opened its 10th full-fledged branch in the Sultanate, achieving its two-year expansion target …
Bank Muscat Launches Shahadati Educational Finance For Omani Youth
The Shahadati educational finance is designed to help Omani youth achieve their career advancement with relevant educational …
Oman Sovereign Fund Boosts Buying Of Local Stocks
MUSCAT, – Oman’s State General Reserve Fund ( SGRF ) has boosted its buying of shares in the local stock market as prices have slid to …
Islamic Banking Thriving In Oman
Islamic banking in Oman is expected to grow at double-digit rates as sharia-compliant banking products increasingly gain acceptance and the …
Mideast Stocks-Gulf Stock Markets Plunge On Weak Oil; Saudi Down 2.9%
DUBAI, Stock markets across the Gulf dropped sharply in a panic sell-off on Tuesday after the price of Brent crude oil hit a new five-year low of …
Sharjah Show To Give Thrust To UAE’s Halal Move
The UAE’s plan to introduce a label to certify halal products will form part of the agenda at the upcoming OIC Halal Middle East Exhibition & …
ADIB Arranges US $420 Million Financing For Zakher Marine International
Abu Dhabi – Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, has signed an agreement with Zakher Marine …
FAAIF Introduces the Dubai World Islamic Finance Arbitration Center (DWIFAC) in Europe
CEO of FAAIF addresses the dispute resolution conundrum of the Islamic Finance Industry.
Dubai, UAE, Camille Paldi, CEO of FAAIF introduces a …
Saudi’s Advanced Petrochemical Sells SAR1bn Debut Sukuk
The five-year offering received investor orders worth SAR2.43 billion.
Saudi Arabia’s Advanced Petrochemical Co. has completed the sale of a SAR1 …
Bank Nizwa Reflects On The Sultanate’s Islamic Banking Journey At Oman Forum 2014
Muscat— As the Islamic Finance industry enters a new phase of growth in the Sultanate, Dr. Jamil El Jaroudi, Bank Nizwa CEO, joined government …
OMAN: Islamic Finance Assets Forecast To Grow Substantially
Muscat: As the Islamic finance industry enters a new phase of growth in the Sultanate, Dr Jamil El Jaroudi, chief executive officer of Bank Nizwa, …
Dubai To Get Best Halal Restaurant Finder
What’s the best halal restaurant in Dubai? The London-based entrepreneur Zohra Khaku is banking on the fact that most people don’t know.
Khaku has …
Fleurieu Milkm, Yogurt Company loses $50,000 Emirates Deal After Dropping Halal Certified Products
An aggressive social media campaign pushing for a boycott of Halal products in Australia has forced a local company to drop the accreditation and …