Business Blog

African markets are gradually opening to Islamic finance, buoyed by governments' debut sales of sovereign sukuk (Islamic bonds) and legislative efforts to make the sector more attractive for companies across the region.

African markets are gradually opening to Islamic finance, buoyed by governments' debut sales of sovereign sukuk (Islamic bonds) and legislative efforts to make the sector more attractive for companies across the region.

The Ministry of Interior (MoI) has launched three new procedural services via smartphones, which include issuance of short-term visit visas (for 30 days), renewal of citizens' passports, and issuance of Certificates of Good Conduct (Criminal Status Certificates).

* European shares follow Tokyo, Wall St lower* Dollar up vs euro, yen after big fall on Monday* Oil falls, IEA revises down demand growth forecastBy Nigel StephensonLONDON, Oct 14 (Reuters) - Deepening worries over the health of the global economy dragged shares in Europe and Japan lower on Tuesday, while the dollar rebounded against the euro and yen from big declines the previous day.With figures

Tuesday, Oct 14 - 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 briefing via...

(The following statement was released by the rating agency)SINGAPORE, October 14 (Fitch) The 9 October announcement of the in-principal agreed terms of a proposed merger between Malaysian banks CIMB Group, RHB Capital, and Malaysia Building Society (MBSB) provide some additional clarity as to how they will address some of the challenges associated with the tie-up. The merger will not necessarily l