The nascent growth of the Islamic financial industry in Africa is dominated by Islamic banking and Sukuk segments. The Islamic asset management and Takaful segments currently account for a small share, but offer considerable potential for growth in the near future...
The majority of those who keep an eye on world billionaires and their stories of success, undoubtedly know that there are also extraodinary women in the world, who managed to gather their wealth themselves. Not all of you, however, notice their extrodinary beauty behind the wealth...
“Our ratings on Arab Mediterranean banks have been dragged down since the end of 2010 by the deteriorating creditworthiness of their respective sovereigns, especially given the concentration of government paper that banks carry on their balance sheets,” said Standard & Poor's...
Amazon has reportedly halted pre-orders of some Disney films, in what looks like another contract dispute following the online retailer's row with a book publisher. Physical copies of titles such as Maleficent and Captain America: The Winter Soldier were unavailable for order on Amazon.com...
Given the fact that the foreign exchange market is by far the largest most liquid market in the world – with around US$5.3 billion traded daily according to the latest Bank for International Settlements’ (‘BIS’) triennial survey – many day traders are not surprisingly taking up FX trading...
New Zealand financial authorities have given Indian investigators a large amount of tax data about Indians stashing black money in New Zealand, the Press Trust of India (PTI) reports...
Online media firm BuzzFeed has raised $50m (£30m) of new funding from venture capital firm Andreessen Horowitz, which sees the US startup becoming a “preeminent media company” in the future. The round takes BuzzFeed’s total funding to $96...
Suppliers of tech giant Apple Inc have started producing new iPads, according to people familiar with the matter, as the company works to reinvigorate sales of the tablet computers after two straight quarters of declines...
The days of paying different prices for the same stock in Hong Kong and Shanghai are numbered, says Morgan Stanley...
The foreign exchange market (FX) is the largest, most liquid market in the world with around US$5.3 billion traded daily according to the latest Bank for International Settlements’ (BIS) triennial survey...
You don’t often hear a chief executive say that analysts are too bullish on his company’s prospects. So my interest was piqued when I saw the boss of Aberdeen Asset Management (LSE: ADN), Martin Gilbert, do just that on Friday...
Almost, actually. She was granted patent no. US2292387 on this day in 1942, along with composer George Antheil, for a ‘frequency hopping communication system’, that was intended to control torpedoes without the enemy being able to discover what frequency was being used...
In a warning issued by the National Bank of the Kyrgyz Republic the users in the country have been warned against Bitcoin and other similar virtual currencies...
The Bank of America has hired Sascha Szyfman as the Area Vice President in its Global Technology and Operations division. Previously, Szyfman worked for three years at FXDD, based in New York...
Deutsche Bank faces an array of investigations that ranges from allegations of manipulating the Libor benchmark rate to unfairly favoring some investors in so-called dark pools and has already paid more than 5 billion euros over the past two years in settlements and fines...
Sheldon Lavin, the chairman of the Aurora, Illinois meat producer at the center of a reported safety scandal that has dragged in McDonald’s in mainland China, Hong Kong and Japan, has arrived in Shanghai and is due to join a press conference with other senior company officials this afternoon, gov...
Wall Street plunged, after the Standard $ Poor’s 500 Index expanded a record, as Amazon.com Inc. and Visa Inc. reported earnings that missed projections and durable goods data propelled fears that corporate investment still is volatile. Amazon declined 9...
The rumor is that eventually we're going to see Google Voice merged completely into Hangouts, and that's getting even closer to becoming reality. You can now make phone calls via Hangouts directly from the Google Voice website, no Google+ necessary...
In order to attract more international investment and help reduce its dependence on oil revenue, Saudi Arabia is planning to open its $530 billion stock market to foreigners...
