Business Blog

EDINBURGH, June 27 (Reuters) - European stocks were seen steady to slightly higher on Friday, but were still set for their biggest weekly drop since April to pull back from multi-year highs, knocked back by global growth concerns. The pan-European FTSEurofirst 300 .FTEU3 is down 1.7 percent for the week, and looks set to snap a 10-week winning streak, which had been its longest since

TOKYO, June 27 (Reuters) - Japan's Nikkei share average fell to its lowest level in 1-1/2-weeks on Friday as investors took profits from its recent rally, and as concerns about U.S. economic growth and a stronger yen hurt overall sentiment. The...

The second phase of the massive ongoing expansion project inside Makkah's Grand Mosque is almost complete, with the first floor area for circumambulation around the House of God, known as the "mataf," expected to be open for pilgrims during the month of Ramadan.

The private sector arm of the Islamic Development Bank announced a flurry of initiatives this week and hopes to advise on the mandate for Pakistan's USD 1 billion Islamic bond, which would cap a landmark year for the Jeddah-based institution.

The private sector arm of the Islamic Development Bank announced a flurry of initiatives this week and hopes to advise on the mandate for Pakistan's USD 1 billion Islamic bond, which would cap a landmark year for the Jeddah-based institution.

The private sector arm of the Islamic Development Bank announced a flurry of initiatives this week and hopes to advise on the mandate for Pakistan's USD 1 billion Islamic bond, which would cap a landmark year for the Jeddah-based institution.