Finance
The Forsyth Global Private Equity Fund seeks to invest in listed private equity companies and in private equity related securities.
The deal represents the most significant cross-border Islamic transaction to date, integrating two hubs of the Islamic market.
The dollar firmed against the euro but eased against the yen on Tuesday when market players were cautious before publication of US retail sales data.
The euro edged up to 1.3195 dollars at 2000 GMT from 1.3189 dollars late Monday in New York.
Dubai Islamic Bank (DIB) has been awarded the Dubai Human Development Award, Gold category, for its contribution to developing human capital across the UAE.
A total of 50 colleges and universities are participating in the “Online Stock Game,” which is organised by DFM to educate students about the intricacies of the stock market.
With the associated share premium, this will increase IIB’s total shareholder funds from US$61.4 million to US$170 million.
Amlak has announced that the company now leads the financial sector in Emiratization achievements by winning the Human Development award for the highest Emiratization in the Finance Category.
Standard Chartered’s strong expertise in structuring customised Islamic financial solutions was recognised by the organisers and ensured Standard Chartered’s recognition at the awards ceremony.
The conference was attended by leading figures from Qatar’s business community, as well as government ministers and officials.
The products are the newest additions to the existing product range which was officially launched in the first week of March 2007.