by Asharq Al-Awsat | Nov 26, 2013 | Business
Dubai, Reuters—Private investors from Gulf Arab countries, including a royal family from the United Arab Emirates, plan to establish the first full-fledged Islamic bank headquartered in the euro zone, an executive said on Tuesday. The investors aim to launch the...
by Mohammed Al-Shafey | Oct 31, 2013 | Business
London, Asharq Al-Awsat—As the ninth World Islamic Economic Forum draws to a close in London, focus has turned to the long-term prospects and development plans for the British capital as a center for Islamic finance. London has long been a popular destination for...
by Asharq Al-Awsat | Oct 5, 2013 | Business
Dubai, Reuters—Dubai unveiled plans on Saturday to become a center for business that follows Islamic principles in areas from banking and insurance to food processing, tourism and education. With a freewheeling commercial culture and a diverse population with...
by Nadine Makarem | Jul 3, 2013 | Business
London, Asharq Al-Awsat—London is set to become the first western city to host the annual World Economic Islamic Forum (WIEF), it was announced on Wednesday. The forum, set to be held in the city’s Excel Centre in October, was launched by the prime minister of...
by Asharq Al-Awsat | Feb 28, 2013 | Business
CAIRO, Reuters–The Egyptian government approved a draft law on Wednesday that will allow the state to issue Islamic bonds, or sukuk, a move that could help narrow a gaping budget deficit and boost foreign currency reserves that have fallen to critically low...
