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Al Rayan Bank CEO named to the Order of the British Empire

Al Rayan Bank CEO named to the Order of the British Empire

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.

Novartis drug goes from unsung to hero after one heart study

Novartis drug goes from unsung to hero after one heart study

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.

Ex-Uber CEO knew of engineer’s Google info, says Waymo

Ex-Uber CEO knew of engineer’s Google info, says Waymo

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.

Tetangco bows out with Philippine prices tamed

Tetangco bows out with Philippine prices tamed

Amando Tetangco saw inflation surge to almost 11% and economic growth plunge to as low as 0.5% during his term as Philippine central bank governor.

Foxconn planning US display making plant for over $10bn

Foxconn planning US display making plant for over $10bn

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.

Stocks fail to gain traction despite higher oil prices

Stocks fail to gain traction despite higher oil prices

Oil prices rebounded higher yesterday, coming off 10-month lows, but equities failed to gain much traction.

Bribes, borders and middlemen: Why India’s GST is a game changer

Bribes, borders and middlemen: Why India’s GST is a game changer

Seized vehicles. Bribes. Days-long delays. Moving goods across Indian states isn’t exactly easy – and that’s a major barrier to economic growth.

Hard to invalidate Islamic contracts, scholars say amid Dana Gas sukuk dispute

Hard to invalidate Islamic contracts, scholars say amid Dana Gas sukuk dispute

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.

Australia banks furious after hit by new state tax in wake of federal levy

Australia banks furious after hit by new state tax in wake of federal levy

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.

Scandal clouds outlook for Japan’s Abe; Tokyo poll may give clues

Scandal clouds outlook for Japan’s Abe; Tokyo poll may give clues

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.

Tech industry asks who will lead Toshiba’s motley white knights

Tech industry asks who will lead Toshiba’s motley white knights

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.

Sales boss of Airbus concedes Paris defeat; won’t go just yet

Sales boss of Airbus concedes Paris defeat; won’t go just yet

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.

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