Business Blog

Gulf issuers of overseas bonds may revive their issue plans after Dubai Islamic Bank completed a USD1 billion sukuk issue.

By Philip Pullella ABOARD THE PAPAL PLANE, Jan 15 (Reuters) - Pope Francis, speaking of last week's deadly attacks by Islamist militants in Paris, has defended freedom of expression, but said it was wrong to provoke others by insulting their...

Newcastle owner Mike Ashley is ready to provide a loan of £10m to Rangers but wants security of Ibrox and Murray Park.

* Swiss stocks slump after SNB scraps euro cap on franc * Biggest one-day fall since 1989 * Market cap destruction estimated at $100 bln * Pan-European FTSEurofirst 300 index down 1.4 pct * Huge swings in major stocks Swatch, Richemont By Atul Prakash...

KUALA LUMPUR, Jan 15 (Reuters) - SapuraKencana Petroleum Bhd SKPE.KL , a Malaysian oil and gas services firm, said on Thursday it has signed a $2.3 billion Islamic loan with 11 lenders.The transaction, which will convert part of the company&aposs conventional borrowing into a syariah-based facility, is Malaysia&aposs largest ever."With the completion of this transaction, SapuraKencana is now on tr

* Q4 net profit down 1.8 pct year on year* Sixth straight quarterly profit drop* Trims H2 2014 dividend to 0.75 riyals/share* Shares down 2.7 pct in opening minutes of trading(Recasts, adds analyst comment, context)DUBAI, Jan 15 (Reuters) - Al Rajhi Bank 1120.SE , Saudi Arabia&aposs second-largest listed lender, posted a 1.8 percent drop in its fourth-quarter net profit, marking the sixth straight