Latest in Tag: bahrain Highlight

Latest in Tag: bahrain


Gulf football diplomacy highlights regional divisions

By James M. Dorsey Wealthy Gulf states have invited Jordan and Morocco to compete in future Gulf Cups as part of a bid to strengthen their fragile six-nation Gulf Cooperation Council (GCC) at a time that they have at best papered over deep rifts within the group. The invitation follows an earlier stalled attempt to …

Daily News Egypt

Islamic finance body IIFM eyes first sukuk standard

Reuters – The Bahrain-based International Islamic Financial Market (IIFM) will develop its first standard contract template for sukuk (Islamic bonds), and aims to double the number of its standards as early as next year, its chief executive told Reuters. A standard for leasing-based sukuk will be developed first by the IIFM, a non-profit industry body …

Daily News Egypt

Egypt’s Pioneers Holding 2013 profit rises 37%

Reuters – Egyptian investment firm Pioneers Holding posted a 37% increase in net profits for last year, it said in a bourse statement on Wednesday. Pioneers made EGP 358m ($51m) in 2013 compared with EGP 260.5m in the previous year, it said. The firm, which specialises in brokerage services, said earlier this year it planned …

Daily News Egypt

Qatar calls for dialogue in Egypt

Relations between Egypt and the Gulf state have been strained over Doha’s backing for Islamist president Mohamed Morsi, who was ousted by the army in July following nationwide protests.

Daily News Egypt

Bahrain’s Al Salam Bank launches Asian Islamic REIT

Reuters – Bahrain’s Al Salam Bank has launched a listed sharia-compliant real estate investment trust (REIT) that will invest in a portfolio of Asian properties, the lender said on Tuesday. The REIT will invest in between 15 and 35 properties and be managed by Swiss-based B&I Capital AG, with Al Salam providing seed capital for …

Daily News Egypt