Thursday 31 July 2014
 
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Islamic banks rebranding in bid to go global

Islamic banking is based on core principles of the religion. So it is striking that some banks are removing the word "Islam" from their names - a sign of both the potential of Islamic finance to grow, and the obstacles to it becoming m

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Mideast investors to spend $180bn in global real estate

Middle Eastern investors are expected to spend $180 billion in commercial real estate markets outside of their region over the next decade, according to a recent research.   Global property advisory CBRE’s

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Bahrain gets hotter as global climate changes

Global warming is behind soaring temperatures in Bahrain and is to blame for the country sweltering through record-breaking heat, according to the country's top weather expert.   It is also responsible for de

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Open up to Asia, urges Bahrain King

Bahrain has to gear up to face global economic challenges and open up on promising Asian investment zones, His Majesty King Hamad said.   In wide-ranging comments to editors-in-chief of local newspapers, he descr

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Rich nations propelling global growth: IMF

The International Monetary Fund on Tuesday predicted the global recovery would strengthen this year and next as output in richer nations picked up, but it warned of rising risks in emerging economies. In its latest global economic

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Arab Bank named ‘best bank’ in Mideast

Jordan-headquartered Arab Bank has been named the best bank in the Middle East region this year by Global Finance Magazine.   The annual awards for the World’s Best Banks in Developed and Emerging Markets w

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Jaguar reports record global sales

Jaguar Land Rover (JLR), the largest car manufacturer in Britain, achieved record global sales in 2013, the Indian-owned luxury carmaker said yesterday. JLR said it sold 425,006 vehicles in 2013 - up 19 per cent on 2012 - setting

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Global food prices steady in December

Global food prices were almost unchanged in December after staying flat the month before, but prices on average declined 1.6 percent in 2013 versus the previous year, the UN food agency said on Thursday. The Food and Agriculture O

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Foster Wheeler wins Turkey refinery contract

Foster Wheeler, a leading engineering and construction company and power equipment provider, said a subsidiary of its Global Engineering and Construction Group has won a contract with Star Rafineri, a subsidiary of Socar Turkey, for project mana

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Global optimism high for better 2014

Most people around the world are optimistic that 2014 will be better than last year and that the global economy will be stronger, according to a poll. Seventy-six percent of people in 23 countries questioned by the global research

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