Business Blog

The Malaysia-based Islamic Financial Services Board (IFSB) will issue draft guidance by year-end on how Islamic banks, which face a lack of short-term funding instruments, can use sukuk as a key tool for meeting the liquidity requirements of Basel III.

The Republic of Kazakhstan has exempted U.A.E. nationals from the pre-entry visa requirement with effect from mid July 2014, U.A.E. official has said.

Islamic Bank of Britain (IBB), the country's only sharia-compliant retail lender, plans to broaden its product range to win business both locally and across Europe, aided by the backing of its new Qatari shareholder.

The Saudi Commission for Tourism and Antiquities (SCTA) will review tourist destinations in the Eastern Province and investigate complaints of high prices and a dearth of entertainment facilities.

Qatar's office market, which is set to come out of the recession cycle, is expected to remain "stable" with additional supply presumably to come online by the second quarter (Q2) of 2015, according to Al Asmakh Real Estate Development Company (Aredc).

Etisalat Group has announced the launch of its mobile phone-based commerce service 'Flous' (money) in Gabon, marking the latest milestone in its endeavour to provide market-relevant, transformational mobile financial services across global markets.