He was deputy chief executive of the fund since 2006, was also mostly recently the chief executive of Bahrain-based labour fund Tamkeen, Mumtalakat said in a statement.
Libya, Egypt and Tunisia have seen renewed interest in Islamic finance since last year's uprisings toppled governments which neglected or discouraged the industry for ideological reasons. Oman announced last May that it would introduce Islamic financ
Emirates NBD ENBD.AD, Dubai's largest bank which has been grappling with impairments, plans to lay off up to 15 percent of its workforce, two sources familiar with the matter said on Monday.
The Middle East bourse has appointed Rod Banus, the former head of futures for Asia-Pacific at Barclays Capital, to head up its customer relations efforts, Financial News has learned.
Prior to re-joining UGB in 2009, he held senior operating positions in KIPCO Group Companies including Chief Executive Officer, United Gulf Financial Services Company, Qatar and Group Chief Financial Officer, Wataniya International FZ LLC.
“As Zurich continues to expand its presence in Kuwait, Anas’s in-depth understanding of the local market will be invaluable,” said Maroun Mourad, CEO of Zurich’s General Insurance business in the Middle East.
Hyeonmuk Mun, who has 15 years of experience in trading in the Middle East & Africa with RBS Global Markets, Calyon CIB and Citibank, will lead the team as Managing Director, supported by two senior traders.
Nonetheless, Zaken found flaws in Bank Hapoalim's approval of credit to then-chairman Dan Dankner, when Kenan served as head of the bank's corporate division. In that capacity, Kenan was responsible for submitting Dankner's requests to the