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The Middle East has been the most volatile region in the world for the past seven decades since Israel was established in 1948. The past two months have seen two major shocks for the region – the COVID-19 pandemic and the sharp oil price meltdown. There are several other problems as well which have rattled …
What Is The Future Of The GCC Economies in The Post-COVID-19 Era?Read More
COVID-19 and oil price collapse are proving a double-edged sword to the Gulf Cooperation Council (GCC) countries. The World Bank recommends these countries to prioritize their focus on handling the COVID-19 virus pandemic and the impending recession resulting from the virus and a sharp decline in the oil price. A recent study done by The …
COVID-19 & Oil Price Collapse: A Double-Edged Sword For GCCRead More
RIYADH: Commerce ministers of the Gulf Cooperation Council (GCC) held a virtual meeting to discuss the economic impact of the coronavirus disease (COVID-19) outbreak in the region. Overseeing the provision and smooth flow of essential basic commodities to citizens of their countries was highlighted as one of the key roles of the respective ministries. The …
Ithmaar Bank, a Bahrain-based Islamic retail bank, recently honoured 10 employees who earned professional certificates in Islamic finance from the Bahrain Institute of Banking and Finance (BIBF). The employees, from various departments including Commercial and Financial Institutions, Retail Banking, Product Development and Management, and Compliance & Anti Money Laundering had successfully completed professional training programme …
Ithmaar Honours Staff Over Islamic Finance TrainingRead More
“I am pleased to welcome Ayman Sejiny as Chief Executive Officer of Ibdar Bank. Ibdar is building a fresh thinking, world class management team, and the appointment of Sejiny to the helm of the Bank is aligned with that vision. Ayman has demonstrated strong business and financial talent and a proven track record of investment …
(Bloomberg) — Bahrain’s Al Baraka Banking Group BSC picked seven banks, including Credit Agricole SA and Standard Chartered Plc, to help arrange the international sale of Islamic bonds, people with knowledge of the matter said. The Islamic bank also hired Emirates NBD PJSC, Dubai Islamic Bank PJSC, Noor Bank PJSC, QInvest LLC and Kuwait Finance …
Al Baraka to Pick Credit Agricole, Emirates NBD for SukukRead More
Manama, Apr. 2 (BNA): The General Council for Islamic Banks and Financial Institutions (CIBAFI) has launched a Roundtable Meeting titled “Impact of the Legal Framework on Islamic Financial Services Industry (IFSI) Development” hosted by Al Baraka Banking Group here in the capital Manama. The roundtable meeting gathered nearly 40 practitioners and academicians of Islamic finance, …
Ithmaar Bank, a Bahrain-based Islamic retail bank, was singled out among the world’s Islamic banks for a prestigious international award in recognition of its corporate social responsibility and financial disclosure. The independent award was presented at the World Islamic Banking Conference (WIBC) which was recently held in Bahrain in strategic partnership with the Central Bank …
Ithmaar Wins WIBC Award For Top Islamic Bank GloballyRead More
The Middle East and Africa region is more focused than ever on developing its hospitality infrastructure with 538 hotels totaling 151,771 rooms under contract in the ME and 321 hotels totaling 62,194 rooms under contract in Africa, said a report. Makkah, Saudi Arabia, reported the largest number of rooms under construction with 21,068 rooms in …
Manama: – The General Council for Islamic Banks and Financial Institutions (CIBAFI), the global umbrella of Islamic financial institutions is pleased to announce the launch of its 1st Annual Global Forum: “Rethinking Values for Sustainable Growth”, which is organized by CIBAFI under the Patronage of the Central Bank of Bahrain on the 3 – …
Dubai: The banking industry in the GCC is facing huge challenges in meeting the customer expectations in digital experience and delivering banking service over smart phones, according to the EY GCC Digital Banking Report 2015. “Although many GCC countries like the UAE have some of the highest smart phone penetration in the world, our study …
GCC Banks Lag In Mobile Banking & Digital Customer ExperienceRead More
Middle East’s Digital Economy is set double from $15 billion in 2015 to $30 billion in 2018. Middle East boardrooms are urged to adopt real-time data solutions to compete in the region’s digital economy, set to double to $30 billion by 2018, business experts announced on Monday at Gitex Technology Week. With the growth in …
