Islamic Financial Services Board, Arab Monetary Fund sign collaboration agreement

The Islamic Financial Services Board (IFSB) has signed a memorandum of understanding with the Arab Monetary Fund for three years to create a non-exclusive framework for collaboration. The agreement was signed in Kuala Lumpur, Malaysia, by Jaseem Ahmed, secretary-general of the IFSB, and Dr. Abdulrahman A. Al Hamidy, director general chairman of the board of the Arab Monetary Fund. Read More »

United Arab Emirates University center signs memo of understanding to help protect Arabic language

The Continuing Education Center at the United Arab Emirates University signed a memorandum of understanding with the Society for the Protection of the Arabic Language to enhance the sharing of the Arabic language to different sectors of the community. The memorandum reflects the growing interest from the national leadership in recognizing Arabic as a language of identity and Islamic heritage. Read More »

Abu Dhabi, Paris agreement could foster innovation in financial technology strategies

A joint partnership in international finance is coming from a slightly unusual place: the Abu Dhabi Global Market (ADGM) and Paris EUROPLACE, which are poised to sign a memorandum of understanding (MoU) on developing collaboration on joint financial activities and promoting symbiotic growth in the two national economies. However, there are scant details on how this agreement will work. Read More »

Qatar Stock Exchange changes rules to promote initial public offerings

Qatar leaders are making it easier for enterprises to add themselves to the Qatar Stock Exchange (QSE) with initial public offerings (IPOs) by offering a new single-window system to streamline registrations and make going public easier. According to new rules, companies will now go directly to QSE’s listing department for a process that's shorter and possibly more effective. Read More »

Manateq to manage some Qatar Petroleum operations in Mesaieed Industrial City

Manateq (Economic Zones Company Qatar) will take over managing some aspects of the Qatar Petroleum (QP) business elements in the Mesaieed Industrial City as QP plans to concentrate on central areas of its oil and gas sectors. The management transfer will include the light industries area (east), which hosts 114 construction and light industries. Read More »

Brexit could mean new opportunities for Qatari investors, bank CEO says

The correction in British real estate prices and the weakening of sterling following the U.K. vote to leave the European Union (EU) can be an opportunity for investors from Qatar to boost their U.K. portfolio, Qatar First Bank CEO Ziad Makkawi said. Post-Brexit challenges may cause short-term revaluation of Qatari assets in the U.K., but new opportunities will arise, Makkawi said. Read More »

Gifts from Saudi Aramco employees help hearing impaired children

Saudi Aramco's "I Want to Hear" campaign to help hearing-impaired children has been overwhelmingly embraced and supported by Saudi Aramco employees. The workers’ generosity and commitment to young people with hearing impairments is helping to provide them with hearing aids. One hundred percent of all contributions made by the workers were matched by the company for the hearing aids.  Read More »

Residential properties available in Manama, Amwaj Island and Azaiba

Star Real Estate has listed a five-bedroom villa in the Oasis Estate community in Manama for $847,906. This classic villa is elegant and open. Each of the five bedrooms has its own bathroom. There are two living rooms and a large open kitchen with a breakfast bar. The villa is equipped with a central air conditioning unit and has parking for two vehicles. Read More »

Dubai Chamber launches summer training program for UAE university students

The Dubai Chamber of Commerce and Industry said  it has launched a summer training program where 16 students from different UAE universities will come together and train in various chamber departments. Dubai Chamber’s goal in this endeavor is to develop a professionally rich training environment for Emirati students and promote Emiratisation in the organization. Read More »

DAMAC Properties poised to open sales for second phase of AKOYA Imagine Villas project

DAMAC Properties said the first phase of AKOYA Imagine Villas in Dubai has been sold out and that the second phase has been planned to go on sale Saturday. The villas are aimed at professionals in the under 35 age group seeking permanent residence or a second home in the green community in Dubai. The first villas of phase two will go on sale on Saturday at the Jumeirah Emirates Towers. Read More »