Business Blog

Jeddah-based Islamic investment firm Sedco Capital has launched the first fund managed by its own in-house team, looking to bulk up its asset management capabilities, the firm said.

Jeddah-based Islamic investment firm Sedco Capital has launched the first fund managed by its own in-house team, looking to bulk up its asset management capabilities, the firm said.

If just one thing could define emerging economies it's a young population -- and no other place reflects this more directly than in the world of tech startups.

What does it mean to be Nigerian? That's the question on the lips of many in Africa's most populous country as new national identity cards are being rolled out. But this is an I.D. with a difference.

Luxembourg has set initial price thoughts for its 200 million euro ($254 million), five-year debut sukuk issue at the flat to negative 2 basis points area versus midswaps, a document from lead managers showed.

The board of directors of Central Bank of Oman (CBO) yesterday decided to select five members to represent the apex bank at the high-powered seven-member Sharia Supervisory Authority and approved to nominate a secretary for the authority.