Latest News

11 May 2012
Launches, NBAD, News, sukuk
The National Bank of Abu Dhabi (NBAD) has announced the launch of its Sukuk Income Fund
11 May 2012
Bermuda, News, Qatar, tax
Bermuda has established a double tax agreement (DTA) and a joint trade committee with Qatar as part of a strategy to attract the Islamic financial services industry
8 May 2012
Iran, News, Searches, Sudan
The $8bn Water and Power Employees' Retirement Plan is looking to reduce its exposure to Sudan and Iran, following its dissatisfaction with government policies, Mena FM has learned
4 May 2012
OFI Asset Management hopes to increase its investment into Egypt by up to 20%, Mena FM can exclusively reveal
4 May 2012
Egypt’s HC Securities and Investment is set to launch up to three new fund offerings this year, Mena FM can reveal
3 May 2012
Mena FM’s second Power 50 of 2012 pays tribute to the service providers of the fund industry who have weathered launch delays, fund closures, market volatility and company restructures over the course of one of Mena’s toughest years
3 May 2012
MSCI, News, Saudi Arabia, Tadawul
Saudi Arabia’s Stock Exchange (Tadawul) has signed an agreement with global index provider MSCI, 20 months after the market was excluded
2 May 2012
Ajeej Capital is in talks with at least one institution to manage the assets of a new Shariah-compliant fund after it cancelled its Saudi licence last year, Mena FM can exclusively reveal
2 May 2012
Launches, Morocco, News
A series of funds are being launched across Morocco ahead of proposed Islamic finance regulatory changes
2 May 2012
DFSA, DIFC, Ian Johnston, News
Ian Johnston has been appointed the new CEO of the Dubai Financial Services Authority (DFSA), in an announcement made by the regulator today
2 May 2012
The $6.5bn Michigan Municipal Employees’ Retirement System is currently searching for one or more active frontier markets equity managers for a $100m mandate, Jeb Burns, chief investment officer confirmed to Mena FM
1 May 2012
Invest AD, Launches, News, Ucits
Abu Dhabi’s Invest AD is converting its GCC Fund to Ucits, as investors embrace the trend, Mena FM can reveal
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