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Wednesday, May 23rd

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An Evolutionary Market

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Dhafer S. Alqahtani, Deputy CEO of Khalijia Invest (middle)
Around the globe, there are strong signs that the recession may be easing and only when this is evident people will start to look for innovative products, and attractive investments.



The shareholders and management team of Khalijia Invest, a Riyadh based Shari’ah compliant investment bank, were counting on this fact at the time when they decided to establish the company. Dhafer Salih Alqahtani, Deputy CEO of Khalijia Invest has great expectations for his company especially its...

Adnan Yousif Wins Islamic

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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...

ICD Adds Value, Not Just Financing

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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...

Global Climate Change Dangers

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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...

Financial Challenge

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Humayun Kabir - General Manager, Business Banking, National Bank of Oman
With more than 22 years of wide-ranging experience of Banking & Financial Services with organizations like ABN Amro Bank Canada, Royal Bank of Canada, Saudi American Bank, and Ernst & Young, presently Humayun Kabir is the General Manager responsible for the Business Banking activity which includes Corporate Banking, Investment Banking, Financial Institutions & Corporate Liability Management and Treasury.



Some rumors are hinting there are around four banks in Oman that have been exposed to the recent problems of Dubai World and it is said that National Bank of Oman is among...

Financial Innovation

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Abdul Kader Askalan, Chief Executive Officer of Oman Arab Bank & the Deputy chairman of banking committee in Chamber of Commerce
During these unstable times, Oman Arab Bank had the highest return on equity, highest return on assets among all banks in Oman during 2008. This achievement was primarily due to the sound banking and lending policies of the bank and its active participation in infrastructural and developmental project.
Oman Arab Bank is expecting to have its 2009 results almost the same like those of 2008. It enjoys a good performance and it does not have any technical or financial hurdle. “We are very keen in preparing the 2010 budget. We are optimistic, we are expecting to increase our 2010 results at...

Commencing Khalijia Invest Shari’ah Compliant Operations

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Prince Sultan Bin Mohammad Bin Saud Al Kabeer, Chairman of Khalijia Invest, Muneer A. Al Shehri, Chief Executive Officer of Khalijia Invest with members of the board of directors
Khalijia Invest announced the commencement of its operations, under the five licenses awarded by the Saudi Capital Market Authority. As one of the recently established investment companies in the region, Khalijia Invest specializes in Corporate Finance, Asset Management and Investment Advisory, operating in compliance with Shari’ah guidelines.

The announcement of Khalijia Invest was made at a ceremony held at the Four Seasons Hotel in Riyadh, hosted by the Chairman of the Board of Khalijia Invest His Highness Prince Sultan Bin Mohammed Bin Saud Al Kabeer, and attended by the Board...

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