Business Blog

Start of a new chapter of cooperation between Dubai and the world as part of Dubai: Capital of Islamic Economy vision: HE BuamimDubai Chamber unveils specialised unit to support research and studies on Islamic economyDubai, UAE, October 30, 2014'Dubai, the Capital of Islamic Economy' has set the pace for a new era of growth and evolution in Islamic finance and cross-border trade with the 10th Worl

* Dollar, yields jump after Fed ends QE* Fed statement more hawkish than markets had expected* Two-year U.S. Treasury yield&aposs rise biggest in 4 yearsBy Jamie McGeeverLONDON, Oct 30 (Reuters) - The dollar surged to a three-week high, bond yields rose and gold fell on Thursday after the U.S. Federal Reserve ended its six-year quantitative easing bond-buying programme.The decision was widely expe

The U.A.E. Telecommunications Regulatory Authority delegation representing the Arab League at the ITU Plenipotentiary Conference, said that the ITU has approved a work paper submitted by the U.A.E. on behalf of Arab League. The paper was based on a U.A.E. suggestion to support youth innovations in ICT.

The Ministry of Haj has unveiled plans to further strengthen the electronic regulations to improve the services as well as streamline the arrival and departure of pilgrims with the beginning of the Umrah season on Nov. 23 (Safar 1).

Oct 30 (Reuters) - AirAsia Bhd AIRA.KL , Asia&aposs largest budget airline, is seeking to raise up to 1 billion ringgit ($305 million) with an Islamic bond programme to fund aircraft and spare part purchases as well as to refinance its debt.The sukuk uses a mudaraba structure, in which assets are managed by a bank on behalf of clients, with income and expenses shared under a pre-agreed ratio. It w

Oct 30 (Reuters) - AirAsia Bhd AIRA.KL , Asia&aposs largest budget airline, is seeking to raise up to 1 billion ringgit ($305 million) with an Islamic bond programme to fund aircraft and spare part purchases as well as to refinance its debt.The sukuk uses a mudaraba structure, in which assets are managed by a bank on behalf of clients, with income and expenses shared under a pre-agreed ratio. It w