Business Blog

(Updates after European markets open, changes dateline from previous SYDNEY)* ECB chief says ready to act on low inflation* Euro touches lowest since June 2010 before steadying* European shares fall, euro zone periphery government debt gains* Oil mixed, Asia stock markets mostly firmerBy Patrick GrahamLONDON, Jan 2 (Reuters) - The euro took another downward lurch on Friday, sinking to a 4-1/2 year

New study says non-Muslim African, Asian countries emerging as new destinations for Islamic finance

New study says non-Muslim African, Asian countries emerging as new destinations for Islamic finance

Turkish subsidiary of Kuwait Finance House has secured a USD350 million syndicated Islamic loan.The dual-currency murabaha transaction for Kuveyt Turk was arranged in two tranches, one maturing after two years for USD300 million, and the other including one- and two-year terms for a combined total of EUR 40 million.

Falling oil prices could see single digit growth next year in the GCC construction sector, according to industry heads.

Wednesday, Dec 31 - The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services. You can view the full IFG briefin...