Finance

A Banking Experience That Goes Far Beyond Recession

Abdul Kader Askalan, Chief Executive Officer of Oman Arab Bank spoke about Oman’s economic indicator and whether the banking sector in the Sultanate of Oman was affected by the international financial crunch, and explained some of the measures taken by the Central Bank of Oman (CBO) to alleviate these effects. He also spoke about the performance of Oman Arab Bank in the last months and its future expansion plans.

Tharawat Sukuk Fund

Tharawat Investment House, the latest innovative Islamic investment house in the Kingdom of Bahrain, announced recently the launch of its first investment product the " Tharawat Sukuk Fund". The fund is an open-ended, Sharia’a compliant investment fund domiciled in the Kingdom of Bahrain investing around 70% of its assets in government and corporate Sukuk in the GCC and MENA areas.

Is Lebanon At A Cross Road?

Observers and diplomats are watching with great concern the tense parliamentary elections in Lebanon, fearing that the outcome of these landmark elections will determine the political and economic future of this country.

R. Seetharaman Conferred Phenomenal Banker Achievers Excellence Award

R. Seetharaman, Chief Executive Officer Doha Bank was recently conferred by The President of Mauritius H.E RT. Hon. Sir Anerood Jugnauth G.C.S.K., K.C.M.G., Q.C the prestigious NRI Institute Achievers Excellence Award for the Phenomenal Banker Achievers Excellence Award for his pioneering contribution to the world of banking. The gala award ceremony took place at Le Meridian – Mauritius in the presence of more than 250 people of Indian origin from across the globe. The entire delegation was also invited by H.E. the President at President’s House for tea reception.