Business Blog

Qatar's Barwa Real Estate has signed a deal to sell two plots of land for a combined 5.34 billion riyals (USD 1.47 billion) to an unidentified buyer, the company said.

London-based European Islamic Investment Bank has cancelled a proposed tender of 20 million sterling of its own shares, delaying a capital reduction plan it first proposed in May to enhance shareholder returns.

London-based European Islamic Investment Bank has cancelled a proposed tender of 20 million sterling of its own shares, delaying a capital reduction plan it first proposed in May to enhance shareholder returns.

Tuesday, Dec 2 - 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 http://tmsnrt.rs/1ycua4F under IFG Briefings Subject.TOP STORIESIslamic finance body IIFM to develop trade, corporate finance contractsThe Bahrain-based Internationa

The World Bank cuts its 2014 GDP growth projections for the three nations worst hit by Ebola, saying their economies continue to be crippled.

Bank Islami Pakistan, the country's second largest full-fledged Islamic bank, is awaiting final regulatory approval to issue shares worth 4.3 billion rupees.