DOHA: Korea Federation of Banks (DFB), in its effort to understand and introduce Shariah compliant financial system in South Korea, carried out a training programme on Islamic finance in collaboration with the Qatar Central Bank (QCB) recently, a press statement issued by the Embassy of the Republic of Korea said yesterday.
The training, for the first time in Qatar, was part of an agreement signed between the Middle East-Korea Financial Cooperation and QCB in January. The agreement said that QCB would provide training on Islamic finance to Korean bank officials.
The training was held here between June 2 and June 6 which was attended by over 10 executives from six different organizations including KFB.
During the course, the trainees took a deeper look at Islamic financial industry in the Middle East including Qatar, licensing systems, main principles of Islamic finance, basic contracts and case studies on Islamic financial products.
Emaar, Meraas JV for Dubai project
DUBAI: Two of Dubai’s biggest real estate developers have formed a joint venture to build a huge residential and commercial area near the city’s downtown, the companies said yesterday. Emaar Properties and Meraas Holding, both backed by the Dubai government, plan construction of a commercial centre, low- and mid-rise residences, an 18-hole golf course and other facilities over 11 million square metres (2,700 acres).
Reuters/The Peninsula
