Business Life

Adnan Ahmed Yousif, President & Chief Executive Officer of Al Baraka Banking Group receiving the Islamic Banker Of The Year 2009 from H.E Rasheed M. Al Maraj, Governor, Central Bank of Bahrain

WIBC was convened under the Patronage of HRH Prince Khalifa Bin Salman Al Khalifa, the Prime Minister of the Kingdom of Bahrain, and the awards were presented by H.E. Rasheed Al Maraj, the Governor of the Central Bank of Bahrain. Presented each year of the past 16 years to industry leaders who have distinguished themselves in the field of Islamic Finance, the World Islamic Banking Conference (WIBC) Awards are among the oldest and most prestigious in the world.



The Islamic Banker of the Year was awarded to Adnan Ahmed Yousif, President & Chief Executive Officer of Al Baraka Banking...

Abdul Rahman Al Jasmi

Kuwait-based Gulf Holding Company (GHC) K.S.C. (holding) announced a net profit of KD5.78m ($21.61m approx) for the financial year 2007-08, with earnings per share at 7.51 fils, total shareholder's equity at KD96.10m and total value of assets at KD185.00m.

Subject to approval by the Annual General Meeting (AGM), the Board of Directors has proposed the company's maiden dividend of 10% as bonus shares.

Commenting on GHC's performance over the three years since it began operations, Chairman Abdul Rahman Al Jasmi said: "Despite the worldwide turmoil in the financial markets, 2008 was a...

The Dubai International Financial Centre (DIFC) last month released a report assessing the progress being made by GCC countries to achieve the convergence criteria for a GCC Monetary Union (GMU) that were endorsed by the Supreme Council of the GCC at its 27th session held in Riyadh in 2006. The report is the first in a series of reports to be released by the Centre focussing on issues affecting the region’s economy.

The report, “An Assessment of the Progress towards GCC Monetary Union”, states that GCC countries remain on schedule to meet the imposed requirements by 2010, but...

Khaled Al-Aboodi, Chief Executive Officer and General Manager of the Islamic Corporation for the Development of the Private Sector (ICD)

The Islamic Corporation for the Development of the Private Sector (ICD) has long prided itself on its reputation as one of the most successful Islamic institution that contributed to the development of the private sector in its member countries.



Tatarstan is one of the most industrialized advanced republics within the Russian federation. It has good industries and great human resources in terms of research and development. Islamic Development Bank (IDB) has organized investment conference in Tatarstan in 2007. The idea is to market Tatarstan as an investment destination for its member...

R. Seetharaman, Doha Bank Group CEO

Doha Bank as one of the major sponsors of the Doha Green Conference has shown its dedication and commitment towards greening the environment. This is the first Doha Green Conference in Qatar, held at Moevenpick Towers and Suites which focuses on sustainable buildings, water and renewable energy. It was attended by industry professionals, businessmen, Government, NGOs, private and public sectors.



The Conference also covered Market Transformation towards Sustainability, Setting new Qatar specific sustainable building code, Green Building Case studies, the Importance of Marine Environment...

Private sector salaries in the Gulf region increased at an average rate of 11.4% over the last year, according to figures released today by GulfTalent.com, the Middle East’s leading online recruitment firm. In its fourth annual survey of salary trends in the region entitled “Gulf Compensation Trends 2008”, GulfTalent.com revealed the following increases in basic salary by country, over the twelve-month period to August 2008:
The UAE and Qatar topped the list of pay rises with increases of 13.6% and 12.7% respectively. This was followed by Oman at 12.1%.

Bahrain came fourth at 10.5%...