The Gulf Says Hello to Halal Hospitality
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Malaysia Real Estate Highlights
RESEARCH REAL ESTATE HIGHLIGHTS 1ST HALF 2016 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET The residential market continues to remain lacklustre with lower volume and value of transactions recorded. ECONOMIC AND MARKET INDICATORS Limited project completions and new Malaysia’s economy expanded at a launches of high end condominiums / slower pace in 2015 with Gross Domestic residences during the review period. Product (GDP) growing at an annual rate of 5.0% (2014: 6.0%). For 2016, the Government has trimmed the country’s Growing pressure on rentals amid GDP growth forecast to 4 - 4.5% due to strong supply pipeline (existing and the volatility in crude oil prices and other new completions) and a challenging economic challenges. GDP continued rental market while prices in to moderate in the first quarter of 2016, the secondary market generally posting 4.2% growth, its slowest since continue to remain resilient. 3Q2009 (4Q2015: 4.5%), driven by domestic demand. Private consumption expanded by 5.3% while private Developers adopt innovative ‘push investment moderated to 2.2%. marketing’ strategies to boost Headline inflation for April 2016 registered at sales of selected projects and 2.1%. It is expected to be lower at 2% to 3% improve revenue. this year, compared to an earlier projection Aria of 2.5% to 3.5% and will continue to remain stable in 2017. (432 units) and The Residences at The Meanwhile, labour market conditions St. Regis Kuala Lumpur (160 units). continued to weaken with more retrenchment of workers, particularly in By the second half of 2016, the scheduled the manufacturing, mining and services completions of another five projects will sectors. -
Breaking the Mold: Female Investors Making Waves
The World’s Leading Islamic Finance News Provider (All Cap) IDB and Nigeria looks Jordan SECP boosts 1100 World Bank west for acquires best NBFC segment 1050 2.92% sign US$9 Islamic fi nance practices with updated 1000 billion inspiration..7 for maiden rules; creates 921.97 950 strategic Sukuk...8 new asset 949.77 900 partnership classes...12 TMSSFTW Powered by: IdealRatings® deal...6 COVER STORY 21st October 2015 (Volume 12 Issue 42) Breaking the mold: Female investors making waves The role of women in the Gulf is Women in the GCC now control over a awareness and understanding are changing — or is it just the perception third of wealth in the region, and are a opening doors to a more proactive of the role of women? It’s a delicate driving force for the economy. Markaz involvement in personal wealth subject but there is no doubt that estimated in 2013 that GCC high-net- management and investment activity. with the advent of bett er education worth (HNW) females controlled over and employment opportunities, US$224 billion and accounted for over Women in the workforce and as major players in the fi elds of 20% of total wealth in the region — and The labor trend in the GCC is changing, family wealth, entrepreneurship and these fi gures have soared in the last few with female participation more than business, Muslim women are becoming years. Around 105 ultra HNW women in doubling over the past few decades. a force to be reckoned with from an Saudi Arabia and the UAE now control In Dubai and Qatar, the female labor investment perspective. -
Iraq: a Nation on the Edge
The World’s Leading Islamic Finance News Provider 18th June 2014 (All Cap) 1100 Iraq: A nation on the edge Although the ongoing confl ict in Iraq has in oil reserves according to global fund 1075 been an inevitable impediment to the manager FMG. 1,056.41 development of its fi nancial markets, in 1050 1,054.34 recent years a surprisingly strong macro 0.19% Banking strength environment has driven impressive Iraq has a huge banking sector, which still 1025 growth in the banking sector, while dominates its fi nancial system – despite renewed interest from foreign investors losing more than half its value between has highlighted its exceptional potential. 1000 2010-11 after the withdrawal of US forces. W T F S S M T Yet the catastrophic events of the past In 2012 total assets of the banking system few days have placed all this in jeopardy, Powered by: IdealRatings® amounted to IDR130 trillion (US$116 as the country balances on the brink of billion) – less than half of the IDR340 trillion Volume 11 Issue 24 civil war and radical forces threaten to (US$304 billion) it was worth in 2010. overwhelm its fragile government. In this However, recent analysis suggests renewed IFN Rapids .........................................................2 atmosphere of uncertainty we take a look Islamic Finance news .........................................6 growth prospects for the country’s fi nancial Column: Daud speaks .......................................15 at all that is positive about its prospects – system on the back of the sustained Shariah Pronouncement -
The Financial Year 2012 Was, Without Doubt, Another Challenging Period for Tenaga Nasional Berhad (Tnb)
KEEPING THE LIGHTS ON YOU SEE Tenaga Nasional Berhad www.tnb.com.my No. 129, Jalan Bangsar, 59200 Kuala Lumpur Tel: 603 2180 4582 Fax: 603 2180 4589 Email: [email protected] Annual Report Annual 2012 Tenaga Nasional Berhad Tenaga 200866-W annual report 2012 WE SEE... OUR COMMITMENT TO THE NATION >OH[ `V\ ZLL PZ Q\Z[ VUL ZTHSS WPLJL VM [OL IPN WPJ[\YL 6\Y YVSL PZ [V WYV]PKL TPSSPVUZ VM 4HSH`ZPHUZ ^P[O HMMVYKHISL YLSPHISL LMMPJPLU[ HUK \UPU[LYY\W[LK HJJLZZ [V LSLJ[YPJP[` -YVT WV^LYPUN [OL UH[PVU»Z HKTPUPZ[YH[P]L JHWP[HS [V SPNO[PUN \W OV\ZLOVSKZ HUK LTWV^LYPUN HSS ZLJ[VYZ VM [OL LJVUVT` ^L OH]L OLSWLK YHPZL [OL X\HSP[` VM SPML PU [OL JV\U[Y` HUK ZW\Y [OL UH[PVU»Z WYVNYLZZ V]LY [OL `LHYZ 4VYL [OHU Q\Z[ SPNO[PUN \W OVTLZ HUK Z[YLL[Z ;5) PZ JVTTP[[LK [V LUZ\YPUN [OH[ L]LY` 4HSH`ZPHU PZ HISL [V LUQV` [OL ILULMP[Z VM LSLJ[YPJP[` LHJO HUK L]LY` KH` VM [OL `LHY I` RLLWPUN [OL SPNO[Z VU KEEPING THE LIGHTS ON INSIDEwhat’s TO BE AMONG THE LEADING VISION CORPORATIONS IN ENERGY AND RELATED BUSINESSES 4 Notice of the 22nd Annual General Meeting 7 Appendix I 9 Statement Accompanying Notice GLOBALLY of the 22nd Annual General Meeting 10 Financial Calendar 11 Investor Relations 14 Share Performance WE ARE 15 Facts at a Glance 16 Chairman’s Letter to Shareholders COMMITTED TO 22 President/CEO’s Review 33 Key Highlights 34 Key Financial Highlights EXCELLENCE 35 Five-Year Group Financial Summary MISSION IN OUR 36 Five-Year Group Growth Summary PRODUCTS AND SERVICES KEEPING THE LIGHTS ON Corporate Framework Operations Review 40 About Us 135 Core Businesses 42 Corporate Information 136 Generation 1 44 Group Corporate Structure 142 Transmission 5 46 Organisational Structure 146 Distribution 47 Awards & Recognition 153 Non-Core Businesses 51 Key Past Awards 154 New Business & Major Projects 54 Media Highlights 160 Group Finance 56 Calendar of Events 163 Planning 62 Milestones Over 60 Years 168 Corporate Affairs & Services 175 Procurement Performance Review Other Services 179 Sabah Electricity Sdn. -
GFH Financial Group BSC CONSOLIDATED
GFH Financial Group BSC CONSOLIDATED FINANCIAL STATEMENTS 31 DECEMBER 2020 Commercial registration : 44136 (registered with Central Bank of Bahrain as an Islamic wholesale Bank) Registered Office : Bahrain Financial Harbour Office: 2901, 29th Floor Building 1398, East Tower Block: 346, Road: 4626 Manama, Kingdom of Bahrain Telephone +973 17538538 Directors : Jassim Al Seddiqi, Chairman H.E. Shaikh Ahmed Bin Khalifa Al-Khalifa, Vice Chairman Hisham Ahmed Alrayes Rashid Nasser Al Kaabi Mustafa Kheriba (till 24 December 2020) Ghazi Faisal Ebrahim Alhajeri Ali Murad (from 9 April 2020) Ahmed Abdulhamid AlAhmadi (from 9 April 2020) Alia Al Falasi (from 30 September 2020) Fawaz Talal Al Tamimi (from 30 September 2020) Amro Saad Omar Al Menhali (till 30 September 2020) Mazen Bin Mohammed Al Saeed (till 31 March 2020) Mosabah Saif Al Mautairy (till 30 September 2020) Bashar Mohamed Al Mutawa (till 1 April 2020) Edris Mohammed Rafi Alrafi (from 24 December 2020) Chief Executive Officer : Hisham Ahmed Alrayes Auditors : KPMG Fakhro GFH Financial Group BSC CONSOLIDATED FINANCIAL STATEMENTS for the year ended 31 December 2020 CONTENTS Page Chairman’s report 1-3 Report of the Shari’a Supervisory Board 4-5 Independent auditors’ report to the shareholders 6-11 Consolidated financial statements Consolidated statement of financial position 12 Consolidated income statement 13 Consolidated statement of changes in owners’ equity 14-15 Consolidated statement of cash flows 16 Consolidated statement of changes in restricted investment accounts 17 Consolidated statement of sources and uses of zakah and charity fund 18 Notes to the consolidated financial statements 19-100 Supplementary information (not audited) 101-103 Chairman’s Report-2020 Dear Shareholders, On behalf of the Board of Directors of GFH Financial Group, I am pleased to present the Group’s financial results for the fiscal year ended 31 December 2020. -
Philip Dowsett
Philip Dowsett Partner Dubai | 804 South Tower, Emirates Financial Tower, Al Sukook Road, DIFC, PO Box 506675, Dubai, United Arab Emirates T +971 4 425 6333 | F +971 4 425 6301 [email protected] Services Mergers and Acquisitions > Private Equity > Corporate > Investment Funds: Middle East > Emerging Markets > Strategic Transactions > Philip Dowsett focuses on complex cross-border mergers and acquisitions, private equity and venture capital matters. Mr. Dowsett also advises on takeovers, divestitures, joint ventures and corporate finance transactions in the Middle East, United Kingdom, Europe and the United States. His practice includes fund formation, fund governance and investment management matters. Mr. Dowsett’s clients include regional and international investors; private equity and venture capital firms; family offices; and sovereign wealth funds and corporates. His clients come from a range of industries, such as energy, healthcare, media and technology, infrastructure, retail and finance. Chambers Global 2020 and 2019 ranks Mr. Dowsett for Corporate/M&A and Investment Funds in the Middle East. Clients describe him as “fantastic”, “very personable” with “a strong positive attitude towards getting a deal done.” He is commended for “his ability to understand the client's objectives and provide solutions which are aligned to them”. Mr. Dowsett is also ranked in The Legal 500 EMEA 2020 and 2019 for Commercial, Corporate and M&A and Investment Funds noting that he is “fast, bright, knowledgeable of commercial matters and makes things happen.” Prior to joining Dechert, Mr. Dowsett was a partner at another global law firm in Dubai. He has previously worked in London and Hong Kong, and completed a secondment at one the largest sovereign wealth funds in the Middle East. -
Malaysia Real Estate Highlights
RESEARCH REAL ESTATE HIGHLIGHTS 2ND HALF 2016 KUALA LUMPUR PENANG JOHOR BAHRU KOTA KINABALU HIGHLIGHTS KUALA LUMPUR HIGH END CONDOMINIUM MARKET Despite the subdued market, there were noticeably more ECONOMIC INDICATORS launches and previews in the TABLE 1 second half of 2016. Malaysia’s Gross Domestic Product Completion of High End (GDP) grew 4.3% in 3Q2016 from 4.0% Condominiums / Residences in in 2Q2016, underpinned by private 2H2016 The secondary market, however, expenditure and private consumption. continues to see lower volume Exports, however, fell 1.3% in 3Q2016 of transactions due to the weak compared to a 1.0% growth in 2Q2016. economy and stringent bank KL Trillion lending guidelines. Amid growing uncertainties in the Jalan Tun Razak external environment, a weak domestic KL City market and continued volatility in the 368 Units The rental market in locations Ringgit, the central bank has maintained with high supply pipeline and a the country’s growth forecast for 2016 at weak leasing market undergoes 4.0% - 4.5% (2015: 5.0%). correction as owners and Le Nouvel investors compete for the same Headline inflation moderated to 1.3% in Jalan Ampang 3Q2016 (2Q2016: 1.9%). pool of tenants. KL City 195 Units Unemployment rate continues to hold steady at 3.5% since July 2016 (2015: The review period continues to 3.1%) despite weak labour market see more developers introducing conditions. Setia Sky creative marketing strategies and Residences - innovative financing packages Bank Negara Malaysia (BNM) lowered the Divina Tower as they look to meet their sales Overnight Policy Rate (OPR) by 25 basis Jalan Raja Muda KL City target and clear unsold stock. -
MENA Private Equity and Venture Capital Report
MENA Private Equity and Venture Capital Report 2014 2 MENA Private Equity and Venture Capital Report 3 MENA Private Equity and Venture Capital Report Foreword With Gratitude Dear friends and colleagues, and networks, and who benefit from the The MENA Private Equity Association Media Task Force experience of investing through economic I am honoured to introduce the 9th edition We are grateful for the public relations and media cycles and periods of political volatility. Extends its sincere appreciation to Zawya for sharing campaign support from the following: of the “Private Equity & Venture Capital primary data and industry and to our knowledge in the Middle East Report”, a publication Bringing such seasoned professionals partners Deloitte for developing the report analysis. Nahed Ashour, Senior Manager Arabic Content and that has become a leading barometer of together; the MENA Private Equity Media, Capital MSL our industry and, indeed, of the region’s Association gives the industry a strong and economic development. clear collective voice, and acts as a link to similar associations around the world. In the decade since the report began, private Deloitte Sponsors equity has established a strong foothold, Compiling this report is an important part of Declan Hayes, Managing Director, Deloitte Corporate weathered a global economic crisis, and the association’s work, serving to promote Finance Limited Without the support of the following generous emerged stronger. It is clear that although greater transparency in the industry and to sponsors, this report would not have been global perceptions may be clouded by news enhance knowledge of the impact of private Sam Surrey, Director, Deloitte Corporate Finance possible. -
Kuala Lumpur Guide
Book online or call us at +60 (3) 2302 7555 www.asiawebdirect.com KUALA LUMPUR GUIDE YOUR FREE KUALA LUMPUR GUIDE FROM THE ASIA TRAVEL SPECIALISTS The capital of an Islamic nation that has enthusiastically embraced the 21st century, Kuala Lumpur strives to emulate and compete with some of Asia's celebrated mega-buck cities. Home to over 1.4 million inhabitants, KL plays host to the world's tallest twin buildings (Petronas Twin Towers), colonial edifices such as Dataran Merdeka, and plenty of inner-city greenery. Although you'll frequently hear the adhan (call to prayer) coming from mosques, it's easy to forget KL's Islamic roots once you hit the city's nitty-gritty sights. It is these spots - thriving hawker centres, pre-war shop-houses and a colourful jumble of street markets - that define KL and draw in countless visitors every year. From Petaling Street's faux-label laden avenue and Little India's colourful, culture- rich wares to the breathtaking view from the Twin Towers' Skybridge and a variety of temples, KL has something for everyone. WEATHER SIM CARDS AND CURRENCY The city's average temperatures range DIALING PREFIXES Ringgit Malaysia (MYR). US$1 = approximately between 29°C - 35°C during the day and 26°C Malaysia's three main cell phone service MYR 3.20 - 29°C at night, though it may get colder after providers are Celcom, Digi and Maxis. You periods of heavy rainfall. As it is shielded by can obtain prepaid SIM cards almost mountainous terrains, KL is relatively cooler anywhere - especially inside large-scale TIME ZONE than most places in Malaysia while being one shopping malls. -
Malaysia 2018 ASIA PACIFIC REAL ESTATE MARKET OUTLOOK | MALAYSIA
CBRE | WTW RESEARCH 2018 ASIA PACIFIC REAL ESTATE MARKET OUTLOOK Malaysia 2018 ASIA PACIFIC REAL ESTATE MARKET OUTLOOK | MALAYSIA FORMATION A B OU T W T W CBRE | WTW entered into an agreement in May 2016 to Colin Harold Williams established C H Williams & Co in form a joint venture to provide a deep, broad service offering Kuala Lumpur in 1960. C H Williams & Company merged for the clients of both firms. This combines Malaysia’s in 1974 with Talhar & Company founded by Mohd Talhar largest real estate services provider, WTW’s local expertise Abdul Rahman and the inclusion of Wong Choon Kee to and in-depth relationships in Malaysia with CBRE’s global form C H Williams Talhar & Wong (WTW). reach and broad array of market leading services. In 1975, C H Williams Talhar Wong & Yeo (WTWY) was The union of CBRE and WTW is particularly significant established in Sarawak. C H Williams Talhar & Wong because of our shared history. In the1970s, CBRE acquired (Sabah) (WTWS) was established in 1977. businesses from WTW in Singapore and Hong Kong, which remain an integral part of CBRE’s Asian operations. The current management is headed by Group Chairman, Mohd Talhar Abdul Rahman. The wider WTW Group comprises a number of subsidiaries and associated offices located in East Malaysia including: The current Managing Directors of the WTW Group operations are: • C H Williams Talhar Wong & Yeo Sdn Bhd (1975) • CBRE | WTW: Mr. Foo Gee Jen • C H Williams Talhar & Wong (Sabah) Sdn Bhd (1977) • C H Williams Talhar & Wong (Sabah) Sdn Bhd: Mr. -
No. Name Address City Postcod State Country Off. No. Email 1 JING
No. Name Address City Postcod State Country Off. No. Email [email protected] JING SHENG BG-16, JALAN MESTIKA / 1 CONSTRUCTION & CHERAS 56100 SELANGOR MALAYSIA 342957713 17, TAMAN MESTIKA [email protected] ENGINEERING SDN BHD om 2H OFFSHORE SUITE 16-3, 16TH FLOOR, KUALA WIL PER 2 50450 MALAYSIA 60321627500 [email protected] ENGINEERING SDN BHD WISMA UOA II, 21 JALAN LUMPUR K.LUMPUR LEVEL 8, BLOCK F, OASIS 3 3M MALAYSIA SDN BHD PETALING JAYA 47301 SELANGOR MALAYSIA 03-78842888 SQUARE, NO. 2, JALAN LOT 15 & 19, PERSIARAN NEG. 4 3M SEREMBA SEREMBAN 70450 MALAYSIA 66778111 TANJUNG 2, SENAWANG SEMBILAN PLO 317, JALAN PERAK, PASIR 072521288 / schw@5e- 5 5E RESOURCES SDN BHD 81700 JOHOR MALAYSIA KAWASAN GUDANG 072521388 resources.com 17-6, THE BOULEVARD KUALA WIL PER 6 8 EDUCATION SDN BHD 59200 MALAYSIA 03-22018089 OFFICE, MID VALLEY LUMPUR K.LUMPUR A & D DESIGN NETWORK F-10-3, BAY AVENUE PULAU 7 BAYAN LEPAS 11900 MALAYSIA 46447718 [email protected] SDN BHD LORONG BAYAN INDAH 1 PINANG NO 23-A, TINGKAT 1, 8 A & K TAX CONSULTANTS JALAN PEMBANGUNAN JOHOR BAHRU 81200 JOHOR MALAYSIA 72385635 OFF JALAN TAMPOI 9 A + PGRP 36B, SAGO STREET SINGAPORE 50927 SINGAPORE SINGAPORE 656325866 [email protected] A A DESIGN 390-A, JALAN PASIR 10 IPOH 31650 PERAK MALAYSIA 6052537518 COMMUNICATION SDN PUTEH, A H T (NORLAN UNITED) & BLOK B UNIT 4-8 IMPIAN KUALA WIL PER 11 50460 MALAYSIA 322722171 CARRIAGE SDN BHD KOTA, JALAN KAMPUNG LUMPUR K.LUMPUR A JALIL & CO SDN BHD ( IPOH ) NO. 14B, LALUAN IPOH 31350 PERAK MALAYSIA 05-3132072 MEDAH RAPAT, 12 A JALIL & CO SDN BHD GUNUNG RAPAT, NO. -
Here He Worked As a Research Fellow, Senior Research Fellow and Lecturer
2015 Third IAPR Asian Conference on Pattern Recognition ACPR 2015 3 - 6 November 2015 · Kuala Lumpur, Malaysia Welcome Message from the Chair On behalf of the ACPR2015 organizing committee, we are delighted to welcome you to Kuala Lumpur, Malaysia for the Third Asian Conference on Pattern Recognition (ACPR2015). The ACPR was initiated to promote the scientific exchanges and collaborations of pattern recognition researchers in the Asia-Pacific Region, and it also welcomes participation from the other regions of the world. The third ACPR follows the previous editions, ACPR2011 in Beijing, China, and ACPR2013 in Naha, Okinawa, Japan. For the ACPR2015, we invite you to take advantage of the technical program and meanwhile experience the culture of the Southeast Asian city Kuala Lumpur. The technical program is no doubt the most important part of the conference ACPR2015. By the submission deadline of July 17, 2015, the program committee received 422 full submissions from 33 countries. The program chairs invited 107 program committee members and 128 additional reviewers to review the submitted papers. Each paper received at least two reviews, and most papers each received three reviews. Based on reviews, the program committee accepted 36 papers for oral presentations and 134 papers for poster presentations. The technical program includes nine oral sessions, three poster sessions, and four invited keynote speeches. The keynote speeches are given by four internationally renowned researchers active in pattern recognition and computer vision. They are: Tieniu Tan (China) with speech title “Large-Scale Visual Computing: Challenges and Opportunities”, Ching Y. Suen (Canada) with speech title “Methods of Achieving Perfect Recognition Scores”, Maja Pantic (UK) with speech title “Automatic Analysis of Facial Expressions”, and Yoshua Bengio (Canada) with speech title “Deep Learning”.