Sukuk spread its wings to Africa
Despite sukuk’s ongoing instability in GCC countries this year, there is a resurgence of interest across 18 African markets. What does this mean to the largely underbanked Muslim population in these markets?...
Tag : GCC
Bahrain announces its newfound oil & gas reserve the largest in its region
The Kingdom of Bahrain procures 80% of its revenue from oil, and gets 150,000 bpd from the Abu Safa oilfield in part...
Gulf Capital acquires major stake in ACCUMED
The acquisition will bolster investor growth and allow both companies to find a strong foothold in the UAE, KSA and other regional markets...
VAT impacts select sectors in the UAE, say expert panelists
The VAT system largely affects construction, real estate and export sectors, however, small enterprises continue to struggle with its implementation...
Dilmah spreads its wings to the Middle East
Srilankan luxury tea brand Dilmah is set to explore the GCC markets with its elite t-Lounge concept...
Saudi Central Bank and Ripple to carry pilot test for cross-border transactions
The pilot project using blockchain could save banks up to US$400mn...
Saudi Arabia mulling over income tax on expats
However, economists do not think the plan will see the light of the day Suparna Goswami Bhattacharya July 15, 2016: With an eye on increasing its non-oil revenue, Saudi Arabia is considering a plan to tax millions of expats residing in the Kingdom. The proposal was included in the country’s National Transformation Plan (NTP), an...
Nexus Group gets new head of general insurance
Appoints Philip Ashkuri; serving GCC insurance remains a priority May 10, 2016: Leading insurance broker, Nexus Group, has appointed Philip Ashkuri as the Head of General Insurance, Commercial and Personal Lines, for the GCC region. With nearly three decades in the general insurance industry, Ashkuri has extensive experience and widespread knowledge of the global and...
Only if you have a lot of time on your hands
Book review of ‘Takaful Investment Portfolios: A study of the composition of takaful funds in the GCC and Malaysia’ by Mehmet Asutay Camille Paldi February 16,2015: Takaful Investment Portfolios: A Study of the Composition of Takaful Funds in the GCC and Malaysia provides an explanation and analysis of the investments of takaful funds in the...
Investors finally paying more attention to GCC
So far, energy rich Middle Eastern countries have built a reputation as a source of funds Joel Kukemelk February 11, 2015: As a Europe-based GCC equity fund manager, we are well-aware of the international investors’ views, questions, hopes and doubts when it comes to investing in the Arabian peninsula. So far, global investors have overlooked...