Bahrain’s bank lending will experience a fall up to next year, before picking up again in 2013, Bharatbook.com said in its new report on “Commercial Banking Report Bahrain.” (more…)
November 11, 2009
November 9, 2009
Emirates NBD’s asset management arm backs key forum in Bahrain
Emirates Investment Services (EIS) Emirates NBD’s asset management arm, showed its constant support for the growing fund management and securities services industry in the Gulf by acting as one of the lead sponsors at the 3rd Annual Fund Forum Middle East 2009, recently held in Bahrain. The globally recognized investment forum brought together government officials, CEOs, senior global fund managers, leading financial institutions, private bankers and renowned academics. The event highlights the industry’s current and developing areas of fund management as well as future possibilities and prospective paths for the funds and securities business. It is an analytical and comprehensive mix of seminars, discussions, workshops and conferences. Speaking at the forum was Mr. Deon Vernooy, Head of EIS Asset Management, who commented on the bank’s participation: “The Fund Forum Middle East 2009 is the region’s most prestigious investment management conference. Emirates Investment Services is one of the largest and most diverse asset management businesses in the region, and is proud to be associated with such a prominent forum that is helping to shape the future of the Middle Eastern Asset Management industry.” Based in the region’s most established financial hub, Dubai International Financial Centre, EIS Asset Management is licensed and regulated by the Dubai Financial Services Authority (DFSA) and employs a team of over 50 highly skilled financial specialists, from 12 different countries, who represent a wide array of expertise in all major markets and asset classes. EIS currently manages around Dhs6bn assets under management. EIS provides investors with a full range of asset management services across a spectrum of 14 conventional and Shari’a compliant funds and also offers discretionary and non discretionary portfolio management services.
Why tax means accountability
It never fails to amaze me just how uptight expats get about the first suggestion that a wee touch of taxation might be a good thing. People, who presumably coughed up about 40 per cent of their income when they lived back home, seem to go apoplectic any time I point out that in a democracy, making a contribution is no bad thing. Read More at Gulf Daily News