Islamic banking assets in Qatar valued at $97bn by end-2017: QFC Authority CEO

Islamic banking assets in Qatar were valued at $97bn by the end of 2017, which constituted nearly 81% of the total Islamic finance assets, said QFC Authority chief executive officer Yousuf Mohamed al-Jaida. In the past five years, the growth of Islamic banking industry assets in Qatar has outpaced that of the conventional banking industry, he said at an event here on Monday. Source: Islamic banking assets in Qatar valued at $97bn by end-2017: QFC

Continue Reading

UAE’s ADNOC seals $4bn pipeline infrastructure deal with KKR, BlackRock – Gulf Business

Abu Dhabi National Oil Company (ADNOC) has sealed a $4bn midstream pipeline infrastructure deal with U.S. investment firms KKR and BlackRock, the government-owned company said on Sunday. ADNOC has been expanding through strategic partnerships since 2017. Last month it won a combined $5.8bn investment from Italy’s Eni and Austria’s OMV for a stake in its refining business to establish a new trading operation owned by the three partners. Source: UAE’s ADNOC seals $4bn pipeline infrastructure

Continue Reading