ArabianBusiness.com - Middle East Business News
Sunday, 07 September 2008 | 17:49 UAE time

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Algebra, Elaf Bank launch Islamic fund

Algebra, Elaf Bank launch Islamic fund

Banking & Finance
Firms launch $100mn vehicle to invest in securities in the Middle East, North Africa and Asia.

Merrill ups Abu Dhabi banks earnings forecast
Banking & Finance
Investment bank raises earning estimates on back of strong first half, booming outlook.

Forex firm staff slapped with five-year DIFC ban
Banking & Finance
GFS Investments fined $25,000, ordered to pay $500,000 compensation to customers.

Santander, Fenosa in talks over Cepsa stakes with IPIC
Banking & Finance
Combined shareholdings would give Abu Dhabi-owned IPIC 45% stake.

more »MIDDLE EAST BANKING & FINANCE COMMENT

Abu Dhabi steps out of the shadows
Trying to find a Man City shirt for our cover shoot took longer than Abu Dhabi spent buying the club.

 Sean Cronin  

Smart investors ask, who's dumb now?
Every time financial markets become unhinged, there are calls to protect investors.

 Michael Sesit

EDITOR'S CHOICE

  1. Forex firm staff slapped with five-year DIFC ban »
  2. UAE pledges to fight terrorism »
  3. Saudi inflation to continue to rise - report »
  4. Search continues for missing woman »
  5. Fergie 'not worried' by Abu Dhabi money threat »
  6. Dubai firm's IPO plan to fund $272bn projects »

more » MIDDLE EAST MARKETS DATA

DFM

Last Price:

4,471.71

-217.46-4.64%

7 Sep 2008 10:00 GMT
(Market Closed)

ADX

Last Price:

4,149.57

-161.44-3.74%

7 Sep 2008 09:57 GMT
(Market Closed)

SSE

Last Price:

7,907.52

-137.27-1.71%

7 Sep 2008 11:59 GMT
(Market Closed)

CURRENCY CONVERTOR

more »OTHER MIDDLE EAST BUSINESS NEWS STORIES

Banking & Finance

  1. Merrill ups Abu Dhabi banks earnings forecast
  2. Forex firm staff slapped with five-year DIFC ban
  3. Santander, Fenosa in talks over Cepsa stakes with IPIC

Construction & Industry

  1. Dubai firm's IPO plan to fund $272bn projects
  2. Two labourers killed in well collapse
  3. Tamim charges 'will not affect company performance'

Culture & Society

  1. Egypt rockslide survivors clash with police
  2. Search continues for missing woman
  3. Redevelopment of Makkah sees pilgrim numbers drop

Education

  1. Classroom crisis as demand for places soars
  2. UAE public schools set for major shake-up
  3. Parents hit by soaring school tuition fees

Energy

  1. Gulf states likely to urge OPEC output unchanged
  2. Gulf oil production to surge by 2015
  3. Santander, Fenosa in talks over Cepsa stakes with IPIC

Healthcare

  1. 40% of Qatari kids suffer from diabetes
  2. Dubai ruler to fund eye care for one million people
  3. Anti-smoking campaign targets Mecca

Islamic Finance

  1. Saudi developer Dar Al-Arkan eyes bonus share sukuk
  2. Qatar Islamic plans listing international units
  3. DIB set to buy majority stake in Jordan bank

Media & Marketing

  1. Abu Dhabi sets up $1bn movie company
  2. Market idea set to boost Dubai film credentials
  3. UK TV show 'uncovers extreme Saudi preachers'

Personal Finance

  1. Gulf's rich just get richer - report
  2. Non-Saudis allowed to buy shares through locals
  3. UAE personal loans jump 46% in year to June

Politics & Economics

  1. Iran's inflation tops 27%
  2. Israeli president opposes strike on Iran
  3. Saudi inflation to continue to rise - report

Real Estate

  1. Nakheel sales up threefold in 2008
  2. Corruption probe needs to be widened, says senior executive
  3. Nakheel set to launch $1.2bn syndicated loan

Retail

  1. Luxury car maker targets Middle East growth
  2. Kuwait cabinet approves wider anti-inflation plan
  3. Gold sales in Abu Dhabi surge 300%

Sport

  1. Man City's secret 'Virgin brand' plans revealed
  2. UAE risks losing ICC World Cup Qualifier
  3. England, Wales, Ireland win World Cup qualifiers, Scots loses

Technology

  1. UAE link to high-tech financial fraud probe
  2. ME internet traffic growth world's 2nd fastest - report
  3. Firms rush to exploit Middle East IT opportunities

Transportation

  1. Congestion problems hit Jebel Ali port
  2. Helicopter crash victims named
  3. 47mn Dubai commuters ride the bus in '08

Travel & Hospitality

  1. Atlantis fire cause 'will be revealed soon'
  2. UAE denies Iran's airport discrimination claims
  3. Repair teams mobilised to fix Atlantis fire damage

more »MIDDLE EAST BANKING & FINANCE EVENTS

UPCOMING EVENTS

  1. IPO India Summit
    22 September 2008 | Mumbai, India
  2. Effective Budgeting And Cost Control
    5 October 2008 | Dubai, United Arab Emirates
  3. Effective Management Analysis & Operational Auditing
    6 October 2008 | Dubai, United Arab Emirates
See all events »

MORE BANKING & FINANCE STORIES

  1. Qatar Islamic plans listing international units
  2. SWFs' global investments up 66%
  3. Gulf banks 'over-exposed to real estate'
  4. Japan seeks $927mn from Gulf wealth funds
  5. New DIFC rules to attract ultra-wealthy families
All Banking & Finance news stories »

SPOT POLL

What do you think about the education system in the Gulf?

It's in crisis and urgent measures are needed to increase school places.
Education chiefs are more interested in making money than educating our children.
The standard of education has improved but more still needs to be done.
The local education system is as good as anywhere else in the world.

JOIN THE DEBATE

  1. Q & A: Charles Pocock of Meem Gallery
    Sinan: Charles Pocock! »
    7 Sep '08 at 05:54
  2. The art of Arabia
    Sinan: Mussolini's loot goes back home! »
    4 Sep '08 at 22:28
  3. The benefits of independence
    Mohamed Ebrahim: So true!! »
    3 Sep '08 at 20:24
Read all Banking & Finance user comments »

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MOST POPULAR BANKING & FINANCE STORIES

BUSINESS FEATURES

Investing in turmoil

Regional stock exchanges have had a tumultuous year making it difficult for investors to find value.

Crisis of the class of 2009

As Gulf school waiting lists lengthen, banks and private equity houses are investing billions in education.

Crackdown

Dubai is turning the screw on white-collar crime, with a string of dramatic high-profile arrests.

ArabianBusiness.com/Jobs - Middle East Jobs Search
  1. Senior Vice President – Investment Banking
    Industry: Finance
    Location: Dubai, UAE
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BUSINESS INTERVIEWS

Having an invested interest

Jones Lang LaSalle Hotels chief executive Arthur de Haast looks at the region's investment opportunities.

The gate keeper

The DIFC's CEO reveals how the financial centre is coping with a new influx of arrivals fleeing distressed Western markets.

Earning from experience

AbdulRazak Ali Issa, of BankMuscat, outlines a selection of the company's diverse range of funds.

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