Business Blog

The board of directors of the Securities and Commodities Authority (SCA) has approved two new regulations - Regulation for Sukuk and Regulation for Corporate Bonds.

Continental Reinsurance Plc, Africa's largest private reinsurer outside of South Africa, has announced the opening of a regional office in Tunis and the introduction of its Sharia-complaint Takaful offering.

General Assembly of Arab Orient Takaful Insurance Company approved to surge its capital to become EGP77.330 million, through pumping EGP12.330 million which started from April17 2014, Mohamed Akef, deputy executive director of financial and administrative affairs said.

trong recovery in asset prices, particularly the real estate prices and the prices of locally listed stocks combined with nearly 5 per cent GDP growth fuelled by the non-oil sectors is boosting investor confidence in Dubai and is likely to boost government borrowing, according to analysts.

Kuwaiti firm Al Madina for Finance and Investment Co said it hoped to sign an agreement with creditors which could have a positive impact on its financial statements in 2014.

Saudi-based Tharawat Holding Company is acquiring a majority stake ) in Islamic investment bank Quantum Investment Bank Limited.