Family businesses are estimated in the Middle East at around 90% of all companies in the region controlled by families. Furthermore, its importance was underlined with the launch of the Family Business Network GCC, the first of its kind in the area.
Th…
Mr. John Robertson Wright was appointed Non-Executive Director of EIIB by the Board of EIIB.
Mr. Wright is a career Banker with important experience in UK and international markets including assignments in India, Sri Lanka, West Africa, Canada, Hong Ko…
The latest study on Islamic finance and wealth management shows that the UAE residents are estimated to be third richest in the Muslim world with per capita income of $49,600 (Dh182, 000).
It seems that Qatar leads the Muslims world with per capita inc…
There is currently a tremendous opportunity for Kuwait to profile itself as a hub for Islamic finance and Islamic banking, states Belgian academic and economist Professor Laurent Marliere.
He addes that Islamic finance itself is being challenged to red…
Despite the fact that Zawya only covers Middle East-based funds, the sector is popular especially in Saudi Arabia, where 22 of the 24 funds listed are domiciled. The other two funds are from Kuwait and Bahrain.
There are two types of multi-manager fund…
It seems that Islamic banking has numerous advantages and capabilities that gives it permission to play an important role in solving many economic problems in the GCC. The statement cam from Kuwait Finance House-Bahrain Chief Executive Officer and Mana…
Kuwait’s Beyoo Investment and Finance Co is switching its attention from financing to asset and wealth management as the investment arm of Al Imtiaz Investment Company.
Arabic language daily Al Anba announced that Beyoo’s shareholders approved changi…
Boubyan Takaful Insurance Company signed a consulting services agreement with Protiviti for Risk Management aimed at supporting the Company’s development.
Protiviti will determine the areas of focus and expand them with the management of Boubyan Takafu…
It seems that Kuwait’s role in the fast-growing global market for sukuks could become larger, if lawmakers expand and administer a more robust legal framework to regulate the issuance of sharia-compliant debt.
However, during this time, Kuwait-based Gu…
The Investment Dar K.S.C.C. has fulfilled the first payment to its Investors. All individual creditors holding stipulated judgments with payment dated for 31 December 2011 were invited to collect their cheques and sign the necessary documentation.
