Young Arab Leaders Partners with British Council The project follows the signing of a Memorandum of Understanding (MoU) between YAL and the British Council which aims at building the capacity of young people from partner youth organisations around the Arab world to be able to handle the challenges facing the region in the future. […]
Liberty is what we stand to lose if we do not conquer the influx of shariah finance, laws and money into our democracy. 1000 postings later, and are we safer yet?? this is a reminder, as Joni Mitchell said in one of her songs “You don’t know what you got till it’s gone”. Lets not […]
Millennium Finance Corp. announces a Major New Shareholder-UGB -and adopting a structure never used before in Islamic or Conventional Banking as part of it’s strategic plan
http://www.albawaba.com/en/countries/UAE/224596 Millennium Finance Corporation announces major new shareholder Dubai Islamic Bank PJSC (DIB), United Gulf Bank BSC (UGB) and the management of Millennium Finance Corporation (MFC) announced today that UGB is to become a significant shareholder in MFC.MFC, a Dubai Financial Services Authority (DFSA) licensed investment bank, was established by […]
Saturday, March 29, 2008 Another Consequence of High Priced Oil: Large Sums of US Assets Purchased by Arab Gulf States Flush with Petroleum Dollars http://floyd-associates.blogspot.com/ Comments by Allysonrt, not the author of the article In September 2007 in a complex set of transactions, Dubai proposed to acquire 19.9 percent of the NASDAQ, placing the […]
Dubai’s $21 Million Horse Race Spurs Dress Sales, Lures Bankers By Glen Carey http://www.bloomberg.com/apps/news?pid=20601081&sid=awvyv4oUcdyI&refer=australia March 28 (Bloomberg) — For Maria Oustwani, Dubai’s biggest race day is more about fashion than horses. Oustwani, a 37-year-old jeweler, spent a week looking for an outfit to wear tomorrow at the largest social event in the United Arab Emirates. […]
Finance and (bad) art go hand in hand By Safura Rahimi on Thursday, March 27 , 2008 http://www.business24-7.ae/cs/article_show_mainh1_story.aspx?HeadlineID=4563 (even the art market is being infiltrated by the petro dollars . This is driving prices out of sight and creating a false market. The artists are screened via their countries of origin, religions, and many are […]
http://www.thaindian.com/newsportal/business/new-guide-to-islamic-finance-released_10030808.html AME Info – the ultimate Middle East business resource New DIFC guide explains the intricacies of Islamic finance The first comprehensive guide to Islamic finance has been produced by the Dubai International Finance Centre (DIFC), filling a long-felt need in one of the world’s fastest growing economic sectors. United Arab Emirates: 3 hours, 39 […]
Dubai to lead innovation in Islamic products Thursday, March 20 , 2008http://www.business24-7.ae/cs/article_show_mainh1_story.aspx?HeadlineID=4147 With $4.11 billion (Dh15bn) worth of sukuk, or Shariah-compliant bonds, listed on the Dubai International Financial Exchange, Dubai is ideally placed to play a leading role in Islamic finance, a senior official said on Wednesday. “A risk-based Shariah systems regulator, regulations based on […]
Clariden Leu sets up shop in the UAE By Mohamad Al Kady on Monday, March 10 , 2008 Clariden Leu, a private bank in Switzerland, opened an asset management company in Dubai this month to service its clients in the region and oversee expansions in its banking business in the Middle East, Asia, Africa […]
http://in.reuters.com/article/asiaCompanyAndMarkets/idINL0686699820080306 RLPC-DIFC’s $300 mln SmartStream loan to rise to $500 mln Thu Mar 6, 2008 10:32pm IST LONDON, March 6 (Reuters) – The $300 million syndicated loan backing Dubai government agency DIFC Investments’ acquisition of SmartStream Technologies Group Plc is likely to be increased to $500 million after successful syndication, banking sources said on […]
Selected Papers on Islamic Economics Compiled by Moulana Ahmed Fazel Ebrahim [The Role of Foreign Aid|Media Ignorance] [A Drain by Emigrating Brains |Economic Control] People Are Enemies to that which they are Ignorant of Introductory Article Islamic economics encompasses every sector of activity. Numerous cultural ramifications emerge through the ages requiring a renewed insight into […]
Dubai financial centre proposes new set of regulations Dubai, Feb 26 (IANS) Onshore global finance hub Dubai International Financial Centre (DIFC) has released for public consultation a new set of regulations proposed under the centre’s Companies Law of 2006 and the Insolvency Law of 2004.The proposed regulations, called “Exempt Companies Regulations”, are designed to assist […]
Money Dubai scores a point By Alec Emmerson, Special to Gulf news Published: February 23, 2008, 01:05 “Historic” and “revolutionary” were among the words used at the launch of the DIFC/LCIA Arbitration Centre on February 17. The significance of the event was clear from the attendance of many international and leading local practitioners and representatives […]
Under The Patronage Of H.H Sheikh Mohammed Bin Rashid Al Maktoum The 11th Annual Institute Of International Finance CEO Meeting Takes Place In Dubai – Critical Issues Of Oil Prices, Economic Growth, Capital Market Developments Set For Meeting Of Banking Chief Executives From The Middle East And North Africa – DIFC Hosts The February 23-24 […]
DIFC to enhance arbitration law The Dubai International Financial Centre (DIFC) today issued consultation papers to seek comment on a new arbitration law, which replaces the existing arbitration law. United Arab Emirates: Saturday, February 16 – 2008 This proposed Law, which contains a significant number of enhancements, is designed to accommodate and facilitate the set-up […]
www.ameinfo.com Ajman Bank to list on the Dubai Financial Market in Dhs550m Public Offer Ajman Bank PJSC (under formation) (‘Ajman Bank’ or ‘The Bank’) today announced its intention to list on the Dubai Financial Market (‘DFM’) by way of a Public Offer which will see it valued at Dhs1bn.
Standard & Poor’s opens office in the DIFC Posted: 11-02-2008 , 13:19 GMT Standard & Poor’s today announced the official launch of its first office in the Middle East in the Dubai International Financial Centre (DIFC), underscoring its commitment to fostering the development of deep and efficient capital markets across the region, linking local markets […]
Press Release Arab Business Angels Network (ABAN) To Expand Base Of Angel Investors ForProjects Worth US$ 2 Million In MENA Dubai International Capital (DIC) Subsidiary Announces Launch Of US$10 Million Seed Capital Fund And US$ 5 Million Fund For Women Led Ventures Advertising Info Dubai , UAE – February 11, 2008: The Arab Business Angels […]
body { background: #FFF; } Print | Close this window Key Islamic banking contract under fire Wed Feb 6, 2008 9:03am EST By Mohammed Abbas MANAMA (Reuters) – The Islamic finance industry is seeking alternatives to a key contract — commodity murabaha — as scholars and bankers grow more vocal in their concerns the […]
02 February, 2008 DIFC Lifestyle – ‘The Gate District’ .fullpost{display:inline;} The Dubai International Financial Centre (DIFC) opened its doors to the public, with the first phase of DIFC Lifestyle. Inaugurated by Sheikh Mayed Bin Mohammed Bin Rashid Al Maktoum and and attended by His Excellency Dr Omar Bin Sulaiman, Governor of the DIFC, DIFC Lifestyle […]
Printable view Sat, Feb 02, 2008, 14:27 GMT Governor of the DIFC Hosts Chief Executive of the Hong Kong Special Administrative Region of China 01 February 2008 His Excellency Dr Omar Bin Sulaiman, Governor of the Dubai International Financial Centre (DIFC) today welcomed The Honourable Sir Donald Tsang, Chief Executive of the Hong Kong Special […]
Published: January 31, 2008 Islamic finance nearing ‘critical mass’ By Faisal Masudi, Staff Writer http://www.xpress4me.com/news/uae/dubai/20005515.html Islamic finance is approaching “critical mass” in Dubai, the birthplace of banking with a Muslim twist, an international seminar here forecasting the industry for this year heard Wednesday. Addressing a business delegation that included FTSE Group, the yardstick for British […]
Khaleej Times Online >> News >> BUSINESS New initiatives to ensure DIFC’s global hub status BY LUCIA DORE (Assistant Editor, Business) 25 January 2008 DUBAI – The Dubai International Financial Centre (DIFC) is in the process of developing new initiatives to create “an international point of reference for Islamic finance regulations, standards and practices”, Nasser […]
Print this page DIFC will be Islamic finance hub http://archive.gulfnews.com/articles/08/01/25/10184666.html 01/25/2008 12:04 AM | By Shakir Husain, Staff Reporter Dubai: The Dubai International Financial Centre (DIFC) is creating new infrastructure as part of its efforts to become a global Islamic finance hub, a senior official said on Thursday. Chief executive officer Nasser Al Shaali said […]
White Men With Money 1/22/08 11:45 AM Bill Clinton and Ron Burkle Have Irreconcilable Differences Photo: AFP/Getty Images Bill Clinton will get $20 million when he divorces Los Angeles supermarket magnate and (alleged) Radar owner Ron Burkle, his business partner of six years, The Wall Street Journal told us this morning. The reason for the […]
The Selling of America-Overseas Investors Buy Aggressively in the U.S.
Overseas Investors Buy Aggressively in U.S. By Peter S. Goodman and Louise Story Go To Original Last May, a Saudi Arabian conglomerate bought a Massachusetts plastics maker. In November, a French company established a new factory in Adrian, Mich., adding 189 automotive jobs to an area accustomed to layoffs. In December, a British company bought […]
List of Major Banks dealing with Shariah Finance-tools for research
Here is a list of banks that are expanding the Islamic Shariah industry worldwide. Also, a link to the major periodicals that discuss Shariah Finance. In order to combat this rising influence on our banking industry, you must learn and understand what it is. This type of banking is a screen to infiltrate into a […]
Judith Miller-Abu Dhabi:East Leans West-while radical Islamists fight to restore the Dark Ages, a modern sheikdom invest in Western Culture
Great Article about Abu Dhabi and the lust for wealth by investing in the West. Judith Miller was former reporter for the New York Times. comments by Allyson Rowen Taylor Judith Miller Abu Dhabi: East Leans West While radical Islamists fight to restore the Dark Ages, a modernizing sheikhdom invests in Western culture. Winter 2008 […]
This is the agenda for the first day of the DIFC Middle East and Europe Conference. Check the speakers, and on the links to see what they are discussing and I will post more info regarding thie speakers later. comments by Allyson Rowen Taylor THE FIRST MIDDLE-EAST – EUROPE TRADE FORUM (MEET) MEET Dubai Forum […]
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