Search Results for: Gulf
UAE set to be the first to offer green-energy sukuk
March 12th, 2015
The UAE is expected to issue the world’s first Sharia-compliant bond aimed at financing green energy projects this year, possibly as early as next month, according to industry experts. “We are going to get one, possibly two , ...
International and regional bodies that combat money laundering (part B)
March 2nd, 2015
Introduction Money laundering is a global phenomenon that thrives parasitically on the world’s financial markets. It ignores national boundaries in much the same way that the financial market place does. It has been accepted that this problem requires both ...
Saudi plan to open stock market to foreign investors at ‘advanced’ stage
February 26th, 2015
Saudi Arabia’s plan to open its stock market to foreign investors is at an “advanced” stage, and the kingdom has already received substantial interest from overseas, said a senior economic leader. Prince Saud bin Khalid Al Faisal, the executive ...
Former Petrobras CEO Weighs In on Corruption Probe
February 12th, 2015
Gabrielli Says He Feels Like ‘David Fighting Goliath,’ Denies Any Wrongdoing José Sergio Gabrielli, the former chief executive of Petróleo Brasileiro SA, presided over one of the brightest periods in the state-owned oil giant’s history. During his tenure, from 2005 to ...
Greek PM Tsipras in Brussels as clock ticks on EU bailout (Video)
February 12th, 2015
Greece‘s radical new prime minister Alexis Tsipras was in Brussels on Thursday to lay out his case for more financial help to fellow EU leaders following finance ministers’ failure to narrow differences overnight. The summit chairman, conservative former Polish ...
UAE’s NBAD launches market-making on Abu Dhabi bourse
February 3rd, 2015
National Bank of Abu Dhabi (NBAD) officially began market-making – quoting buying and selling prices – on the Abu Dhabi stock exchange (ADX) on Tuesday, aiming to boost trading volumes. The bank, the largest lender by assets in the ...
Al Tamimi & Co. to provide Legal Consultancy in Support of the “New Egypt
January 29th, 2015
Al Tamimi & Company is proud to announce a new association with Nour & Taha Law Firm, a key player in the Egyptian legal market. From 1st April 2015 Mohamed Khodeir, a partner at Al Tamimi & Company regionally ...
Asia shares inch ahead, euro steady as Fed meets
January 27th, 2015
Most Asian share markets firmed on Tuesday and the euro clung to rare gains, relieved that European equities had weathered Greece’s election outcome without too much disruption. The main European indices were expected to open higher, though foul weather ...
What Draghi’s Bond Buying in Europe Means for U.S. Debt Markets
January 23rd, 2015
The European Central Bank’s resolve to funnel more than a trillion dollars into the region’s capital markets may be a boon for borrowers across the Atlantic. ECB President Mario Draghi unveiled a bond-purchase program to ward off signs of ...
World Economic Outlook (WEO) UPDATE
January 20th, 2015
Cross Currents Global growth will receive a boost from lower oil prices, which reflect to an important extent higher supply. But this boost is projected to be more than offset by negative factors, including investment weakness as adjustment ...
