Business Blog

* Brent Crude rallies off 4 year low, but set for 15 pct Nov drop* FTSEurofirst falls, led lower by oil & gas stocks* Euro zone data shows inflation weak, Bund pinned at lows* Dollar gains against commodity currencies, euro and yenBy Alistair SmoutLONDON, Nov 28 (Reuters) - Brent crude fell to a fresh four-year low on Friday, sending oil-related shares and currencies lower, after OPEC decided to r

* Brent Crude set for 16 pct drop in November* FTSEurofirst falls, led lower by oil & gas stocks* Euro zone inflation data at 1000 GMT; Bund pinned at lows* Dollar gains against commodity stocks, euro and yenBy Alistair SmoutLONDON, Nov 28 (Reuters) - Oil prices extended their recent slide on Friday, sending related shares and currencies lower, after OPEC decided to refrain from cutting output des

Karachi-based Meezan Bank Ltd has received regulatory approval to study the acquisition of the Pakistani unit of HSBC Bank Oman, the sharia-compliant lender said.

Karachi-based Meezan Bank Ltd has received regulatory approval to study the acquisition of the Pakistani unit of HSBC Bank Oman, the sharia-compliant lender said.

Speaking on behalf of all Arab countries, Qatar's Minister of Economy and Commerce, H E Sheikh Ahmed bin Jassim bin Mohamed Al Thani, yesterday at the Ministerial Session of the 30th COMCEC meeting in Turkey proposed to establish a "Common Islamic Market" among the member countries of the Organisation of Islamic Cooperation (OIC).

Mumbai-based SBI Funds Management will launch an Islamic equity mutual fund next month to tap into India's large but underserved Muslim population, although the country still lags in developing sharia-compliant debt alternatives.