Sultan Choudhury, chief executive officer of Al Rayan Bank has been named an ‘Officer of the Most Excellent Order of the British Empire (OBE)’ by Her Majesty Queen Elizabeth II, in recognition of his services to the UK market for Islamic Finance.
A Novartis drug vaulted from overlooked to potential blockbuster yesterday after a study unexpectedly showed it could reduce heart troubles in a group of high-risk patients.
Ousted Uber Technologies head Travis Kalanick learned early last year that the engineer who until recently oversaw the company’s driverless car project possessed discs of information from Google, according to a court filing.
Foxconn, the world’s largest contract electronics maker and a major Apple Inc supplier, plans to invest more than $10bn in a display-making factory in the United States and will decide on the location of the plant next month.
Oil prices rebounded higher yesterday, coming off 10-month lows, but equities failed to gain much traction.
Seized vehicles. Bribes. Days-long delays. Moving goods across Indian states isn’t exactly easy – and that’s a major barrier to economic growth.
Some of the top scholars in Islamic finance say it is difficult to declare an Islamic contract invalid because it no longer meets Shariah standards, as the UAE’s Dana Gas is trying to do with $700mn of sukuk.
An Australian state imposed a surprise tax on the country’s five biggest banks, a move that comes on top of a new $4.6bn federal levy – prompting predictions that other states could follow suit and howls of outrage from the sector.
Just a few months ago, Prime Minister Shinzo Abe looked to be cruising to a third term that would make him Japan’s longest serving leader and put him on track to achieving his dream of revising its post-war, pacifist constitution.
A hastily-assembled group of investors looks set to win the bid for Toshiba Corp’s prized memory chip business, but a lack of clear leadership or industry clout is raising questions about who will take tough decisions about strategy and investment.
Airbus sales chief John Leahy conceded defeat to Boeing Co at his last European air show, marking a rare show of humility from the American who confirmed his plans to retire after racking up $1.7tn of jet orders over two decades.