photo caption: Minister of Finance: H.E. Anas Khaled Al-Saleh, Dr. Manfred Bischoff, Chairman of the Supervisory Board of Daimler AG, His Highness Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah, the Prime Minister of the State of Kuwait, Dr....
Kuwait Finance House (KFH) announced 103 million Kuwaiti dinar or $362 million of precautionary provisions on Tuesday, as it posted a smaller than expected rise in second-quarter net profit. The bank did not provide any more details on the provisions, …
<p>Islamic banking is yet to get a foothold in the country with RBI not extending the permission, but the Indian subsidiary of a Kuwait company is setting up a global support centre providing Islamic core banking solutions at Infopark, Cherthala, on Friday. Path Solutions India is a wholly owned subsidiary of Path Solutions K.S.C.C, Ku­w­ait. According to Mohammed Kateeb, group chairman and CEO of Path Solutions, the company plans to have over 30 professionals working from its global support and development centre by the end of second quarter. Path Solutions wants to utilize the local skilled resources to deliver value-added software solutions and services to its clients. The centre will be opened by Aroor MLA A.M. Arif at 5 pm. IT principal secretary P.H. Kurien and Infopark CEO Hrishikesh Nair will attend the function among others.</p>
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<p><a href="http://www.deccanchronicle.com/130726/news-current-affairs/article/islamic-banking-bpo-infopark" title="http://www.deccanchronicle.com/130726/news-current-affairs/article/islamic-banking-bpo-infopark">http://www.deccanchronicle.com/130726/news-current-affairs/article/islam…</a></p>
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<p>Islamic banking is yet to get a foothold in the country with RBI not extending the permission, but the Indian subsidiary of a Kuwait company is setting up a global support centre providing Islamic core banking solutions at Infopark, Cherthala, on Friday. Path Solutions India is a wholly owned subsidiary of Path Solutions K.S.C.C, Ku­w­ait. According to Mohammed Kateeb, group chairman and CEO of Path Solutions, the company plans to have over 30 professionals working from its global support and development centre by the end of second quarter. Path Solutions wants to utilize the local skilled resources to deliver value-added software solutions and services to its clients. The centre will be opened by Aroor MLA A.M. Arif at 5 pm. IT principal secretary P.H. Kurien and Infopark CEO Hrishikesh Nair will attend the function among others.</p>
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<p><a href="http://www.deccanchronicle.com/130726/news-current-affairs/article/islamic-banking-bpo-infopark" title="http://www.deccanchronicle.com/130726/news-current-affairs/article/islamic-banking-bpo-infopark">http://www.deccanchronicle.com/130726/news-current-affairs/article/islam…</a></p>
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<p>Investment Dar Co. will reduce borrowings after creditors holding 30 percent of its debt signed up to a new loan deal backed by assets including luxury carmaker Aston Martin. The lenders to the Kuwaiti company agreed to a cash payment totaling 5.7 percent of their debt and a portion of a new Islamic loan equal to about 44 percent. While the new deal represents a writedown of 50 percent it gives creditors more security over the assets. Nine assets will back the new facility, with Investment Dar’s 34 percent stake in Aston Martin the most significant. Creditors not taking the offer retain their claims under the approved restructuring plan. Lenders who have taken the settlement will become 15 percent shareholders in the company holding the assets, while the new $437 million Islamic loan will be repaid through unscheduled asset sales and has a tenor of up to seven years.</p>
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<p><a href="http://www.businessweek.com/news/2013-07-23/aston-martin-owner-said-to-cut-debt-as-creditors-accept-deal-1" title="http://www.businessweek.com/news/2013-07-23/aston-martin-owner-said-to-cut-debt-as-creditors-accept-deal-1">http://www.businessweek.com/news/2013-07-23/aston-martin-owner-said-to-c…</a></p>
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General Manager of International Banking and Acting Chief Investment Officer at Kuwait Finance House KFH Shaheen Al-Ghanim has announced the emerging KFH Investment Company, previously named Liquidity House. He added that this company will be KFH's mai…
<p>Job Description</p>
<p>&bull; Define Bank&rsquo;s Retail Banking branding strategy in conjunction with Head of Marketing. Positions and develop the brand in-line with the banks overall strategy.<br>
&bull; Create an integrated sales and marketing strategy for the Retail Banking division. Reviews with GM- Retail Banking and Head of Marketing to gains necessary approval.<br>
&bull; Develop and manages implementation and roll-out of sales and marketing plans to achieve income, profit and market share growth objectives for Retail Banking division.</p>
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<p><a href="http://www.bayt.com/en/job/head-of-marketing-%26-business-development-2627702/" title="http://www.bayt.com/en/job/head-of-marketing-%26-business-development-2627702/">http://www.bayt.com/en/job/head-of-marketing-%26-business-development-26…</a></p>
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Job Description
The Candidate will be :-
– Co-ordinating between the commercial banking operation and the IT system.
– Developing & Planning for the Islamic Banking Business in the organization.
– Supervising training programs which are focusing on…
Kuwait Finance House said on Monday that a customer had settled $296.6 million of debt owed to the bank and that the impact of the receipt would be reflected in its second-quarter results. The customer had owed 32.6 million dinars or $114.3 million to …
Kuwait Finance House (KFH) announced the official launch of its new Gold Account. This product enables KFH's clients to buy and sell physical gold biscuits securely. Available at KFH's Head Office branch in Kuwait, the gold biscuits each weigh 100grams…
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