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Hedging 'is useful tool to manage risk on LME'

MANAMA: Members of the global metal community can use hedging to manage their price risk on the London Metal Exchange (LME), an expert told participants of a workshop yesterday.

According to LME's senior business development executive Robert Fig, hedging offers protection against price movements...ReadMore


Islamic finance role to be probed at key forum

MANAMA: Industry titans, pioneers and global leaders in the international Islamic banking and finance industry are set to take part in the 21st Annual World Islamic Banking Conference (WIBC 2014) in Bahrain next week.

GULF AIR RENEWS ACCORD

MANAMA: Gulf Air has signed a two-year renewal deal with air transport IT specialist SITA for network, messaging and voice services.

Saudi market vital for Asry

MANAMA: The Saudi Arabian market is fundamental to Asry's growth strategy, the ship and rig repair yard's top officials have said.

HR managers urged to be more people-centric

MANAMA: There is an urgent need for human resource (HR) professionals to transform their business functions and become more people-centric, a top minister has said.

Global economy to be reviewed

MANAMA: Bahrain's leading finance and accounting professionals will meet this weekend to discuss current global economic situation and the volatility in oil prices.

IILM expands sukuk amount

DUBAI: The Malaysia-based International Islamic Liquidity Management Corporation (IILM) has expanded the amount of its outstanding sukuk under a programme designed to give Sharia-compliant banks a cross-border tool for liquidity management.

Bahrain Bourse event starts

MANAMA: Bahrain Bourse (BHB) officially announced the start of the TradeQuest Challenge for the school year 2014-2015.

EDB seeking to bolster German ties

MANAMA: The Economic Development Board (EDB) is hosting this week a delegation of German journalists on the sidelines of the Arab International Aluminum Conference (Arabal).

Total facing France trial

PARIS: French oil company Total is to face trial in France over corruption allegations relating to Iranian contracts dating from the 1990s and early 2000s.

Bapco seals jet fuel deal

SINGAPORE: Bapco has sealed its 2015 gasoil and jet fuel term deals at lower premiums than the current year, industry sources said yesterday.

Noor Bank eyes Turkey market

DUBAI: Dubai-based Noor Bank is looking to Turkey and other international markets to escape tougher competition at home and take advantage of a booming global Sharia-compliant finance industry, its chief executive said yesterday.

CBB to host IFSB hearing

MANAMA: Malaysia-based Islamic Financial Services Board (IFSB) has announced it is organising two public hearings on exposure drafts of core principles for Islamic finance regulation and guidance note on liquidity risk management.

Bapco achieves milestone

MANAMA: Bapco and its contractor employees have achieved a record safety figure by completing five million hours without a lost time injury (LTI).

Group plans Egypt push

CAIRO: Dubai-based conglomerate Al Futtaim Group yesterday said it would invest $700 million in Egypt over three years and pay the government $30.5m as part of a settlement reached last week over a long-standing land sale dispute.


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