Business Blog

Gulf Finance House is in talks on buying two asset management firms for a total of up to USD 500 million and is planning to increase debt to finance the deals as it builds a diversified financial group.

Gulf Finance House is in talks on buying two asset management firms for a total of up to USD 500 million and is planning to increase debt to finance the deals as it builds a diversified financial group.

Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank (IDB), and the African Union Commission (AUC) signed a MoU to develop a platform to enhance ties between the Islamic world and the African continent.

Indonesia's central bank plans to introduce rules for Islamic repurchase agreements, allowing lenders to use a wide range of sovereign and corporate assets to manage their liquidity, deputy governor Halim Alamsyah told Reuters.

Indonesia's central bank plans to introduce rules for Islamic repurchase agreements, allowing lenders to use a wide range of sovereign and corporate assets to manage their liquidity, deputy governor Halim Alamsyah told Reuters.

Indonesia's central bank plans to introduce rules for Islamic repurchase agreements, allowing lenders to use a wide range of sovereign and corporate assets to manage their liquidity, deputy governor Halim Alamsyah told Reuters.