Investor interest in Islamic finance is growing and the global Islamic banking and finance industry had more than $2tn in assets at the end of 2017, according to the Islamic Financial Services Board.
Among the core opportunities seen for the Islamic finance industry in the near future, there remains one segment that repeatedly appears in studies and forecasts: Islamic trade finance.
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Analysts expect the European Central Bank to acknowledge growing risks to the eurozone economy today while sticking to its patient course, kicking off a year that could see the Frankfurt institution mostly marking time.
Shares of oilfield firm Halliburton Co fell sharply yesterday after the company forecast lower revenues in key business areas next quarter, overshadowing a quarterly profit beat and a pledge to reduce 2019 spending.
In 2018, Davos was basking in a robust global economy as Donald Trump pledged that “America is open for business.”
Deciphering the intentions of Federal Reserve officials rarely gets this easy. As one after another preaches patience before their next interest-rate move, a tougher question is emerging about their plans to pause: Is this a pit stop or the peak?
Asian markets fell yesterday as profit-takers stepped in following a recent run-up, while a report fuelled worries about the progress of China-US trade talks.
US electric vehicle (EV) maker Tesla Inc has held talks with China’s Tianjin Lishen to supply batteries for its new Shanghai factory, and two people with direct knowledge of the matter said the pair signed a preliminary agreement.
Weakness in the service and farm sectors slowed China’s economic growth in the fourth quarter, despite a strong pickup in construction activity