Bahrain SWF Mumtalakat names new CEO

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.


SNR Denton Islamic finance head resigns

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


Bank Nizwa’s CEO appointed

In the mid-1990’s he co-established the Middle East Capital Group in Lebanon, the region’s first merchant bank with a pan-Arab focus.


Aon Benfield’s announced New CEO for MENA

He most recently served as Regional Director Middle East & North Africa at Willis Re, and has previously worked as a Middle East treaty underwriter at reinsurer SOREMA


Emirates NBD plans 15 pct staff cut

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.


Dubai bourse appoints ex-BarCap futures chief

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.


UGB appoints Acting Chief Executive Officer ‎

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.


Zurich appoints Kuwait GM

“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.


CBK appoints Nuhad Saliba as CEO

Saliba enjoys strong professional business record fraught with diverse achievements which qualify him to occupy this important position.


Bank of Israel: Hapoalim CEO can keep his job

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


CEO of Elaf Bank Departs

The Board appointed Mr. Sohail Niazi, the COO of Elaf Bank, to assume the role of acting CEO.


Bahrain Mumtalakat CEO resigns

His resignation was accepted by the board of the of the sovereign wealth fund that manages state companies, including Gulf Air and Aluminium Bahrain.


Head of Bahrain sovereign wealth fund quits

The move looks set to boost the Gulf state’s troubled financial sector, but it has also raised concerns about the erosion of reformists from leading government roles.