The Halal Times
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COVID-19 coronavirus is here to stay. This is a painful fact none of us can ignore anymore. Central banks around the world have been using various mixes of fiscal and monetary policies to contain the harmful effects of the pandemic. As the pandemic is expected to last much longer than we could have anticipated, governments …
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 …
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 …
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 …
Consistent with its central role of producing groundbreaking and game-changing research works, The Dubai Center for Islamic Banking and Finance (DCIBF), a joint initiative of Hamdan Bin Mohammed Smart University (HBMSU) and the ‘Dubai Islamic Economy Development Centre’, has formally released its second annual report on Islamic economy today (Wednesday October 12, 2016) during the …
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 …
KUWAIT: Kuwait Finance House (KFH) announced its participation in the Kuwait Investment Forum slated for March 8-9 as a diamond sponsor emanating from its endeavors to be present at important economic forums and conferences to utilize its vast experience in demonstrating investment opportunities while discussing means of improving the economy and enhancing the investment climate …
Kuwait:- Kuwait Petroleum Corp is considering selling bonds to help pay for a planned investment of 100bn over the next five years to boost oil output from Opec’s fourth-biggest producer, according to the company’s chief executive officer. State-run KPC is looking at issuing bonds and Islamic notes known as sukuk, Nizar al-Adsani said at a …
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 …
Kuwait’s financial regulator has released rules covering issuance of Islamic bonds in a move that could facilitate sales of sukuk by both the government and corporations. Corporate issuance of sukuk in Kuwait has dropped off in recent years, and the vast bulk of issuance has been in US dollars rather than in Kuwaiti dinars. The …
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 …
Warba Bank reported a net profit growth of 633 per cent to reach KWD 315,000 for the first half of 2015 compared to KWD 43,000 for the first six months of 2014. Total income grew by 37 per cent to reach KWD 11.17 million. The strong operating performance was supported by all business units within …
