World Bank conference on Islamic banking to shed light on post-oil economic scenarios

The Accounting and Auditing Organization for Islamic Financial Institutions will host the 11th edition of the World Bank Annual Conference on Islamic Banking and Finance on Nov. 6-7 in Bahrain. Islamic Finance in the Post-Oil Economic Scenario will be the theme of the conference, being held in collaboration with the World Bank and under the auspices of the Central Bank of Bahrain. Read More »

Maersk Group has a new CEO

Maersk Line CEO Soren Skou has been chosen to head parent company A.P. Moller-Maersk Group, a global conglomerate, which maintains a regional office in Bahrain and operates five core businesses across the shipping, logistics and energy industries. "I am excited about the opportunity to lead A.P. Moller-Maersk into the next phase of our strategic development," Skou said. Read More »

Oman Air supports Oman initiatives for special needs citizens

Oman Air said it will continue to support the Ministry of Social Development’s (MOSD) initiatives and will look to grow programs that support people with special needs and those with low incomes. “As the national airline of the sultanate of Oman, Oman Air is proud of its role in working with the MOSD to improve the life of our nation,” Oman Air CEO Paul Gregorowitsch said. Read More »

Heriot-Watt University plans to positively influence UK exit from EU

Heriot-Watt University, a university with campuses in the United Kingdom and Dubai, said it will work with Universities Scotland, Universities UK (UUK) and other universities to influence exit negotiations after the U.K.'s vote to leave the European Union (EU). Heriot-Watt, a global university, noted that nothing will immediately change as a result the referendum decision. Read More »

Central Bank of Bahrain updates property development laws

Central Bank of Bahrain Governor Rasheed Mohammed Al Maraj issued a decree on property development management, appointing a secretary of real estate development in compliance with a 2014 law for more effective oversight. The resolution pertains to the administration of real estate development escrow accounts and financial agencies involved in future property development projects. Read More »

Petroleum Development Oman to enhance cultural, scientific learning

Energy exploration and production company Petroleum Development Oman (PDO) has entered into a deal with the Sultan Qaboos Higher Centre of Culture and Science (SQHCCS) that will enable both parties to share knowledge related to the oil and gas industries.Under the Letter of Understanding (LoU), PDO will be able to participate in SQHCCS programs and provide staff members with information on issues such as safety and management, environment and occupational health, and lean business efficiency. Read More »

Qatar and Algeria work together to grow joint business council

During a recent meeting held at the Qatar Chamber headquarters, Algeria’s Minister of Industry and Mines Abdeslam Bouchouareb urged Qatari businessmen to make investments in his country in sectors that include industry, mining, medicines, tourism and services.The meeting was attended by Qatar Chamber Vice Chairman Mohammed bin Ahmed bin Tawar and HE Ambassador of Algeria to Qatar Abdulaziz Saba. Read More »

IIFM conducted workshop on Islamic Finance in Kuala Lumpur

The International Islamic Financial Market (IIFM) recently held a workshop in Kuala Lumpur, Malaysia, detailing Islamic Finance, focusing on "IIFM Standard Documents and Product Templates." Labuan FSA hosted the event in conjunction with the Global Islamic Finance Forum 5.0, which was organized by the Association of Islamic Banking Institutions Malaysia (AIBIM) from May 10 to 12 at Sasana Kijang, Bank Negara Malaysia. Read More »

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