QInvest LLC

QInvest Said to Cut Jobs at Brokerage, Asset Management

QInvest LLC, which is forming a joint venture with Egyptian EFG-Hermes Holding SAE, issaid to be cutting jobs at its brokerage and asset management divisions. 13 people will have to leave. The reductions, however, have not been made public yet. In the joint venture, QInvest LLC plans to take 60% of the new entity while EFG-Hermes Holding SAE receives the remaining 40%.

Read more on: http://www.bloomberg.com/news/2012-10-10/qinvest-said-to-cut-jobs-at-bro...

Qatar Islamic Bank plans dollar-denominated sukuk

Qatar Islamic Bank has made plans of issuing a sukuk in dollar denomination. The move will be part of the bank's sukuk issuance programme worth $1.5 billion. According to a document from the lead arrangers, the banks mandated for the sukuk are Deutsche Bank, HSBC, Standard Chartered and QInvest LLC. Further details on the size of the sukuk are not known yet. The plans include investor meetings in Asia, Middle East and Europe.

More on: http://in.reuters.com/article/2012/09/26/qatar-sukuk-banks-idINL5E8KQ08R...

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