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International

Global halal food market reaches $1.1 trillion in 2013
Sector a key pillar for Dubai’s Islamic economy vision: Al Ghurair
Kipco rejects $3.2 billion offer for OSN
Kipco owns 60.5 per cent of OSN while Saudi Arabia-based Mawarid Group holds the remainder. They jointly refused an offer from the US firm, which was not identified in the statement.
Luxembourg to meet investors on sukuk sale
The ministry will visit the UK, Malaysia, Saudi Arabia, the UAE and Qatar to market the security to local institutions, it said in an e-mailed statement.
Argentina threatened with contempt order by judge
Later on Friday, however, Argentina’s economy ministry issued a statement accusing Griesa of “clear partiality in favor of the vulture funds.”
Italy’s reform bill clears major hurdle
The bill, aimed at transforming the upper house into an unelected body and drastically reducing its legislative powers, requires many more months and perhaps a popular referendum in order to become law.
Modi sticks to old formula in food inflation fight; still not working
“Buying tomatoes feels like buying jewellery,” says the 29-year-old maid, who is struggling to make ends meet on her monthly pay of $165 as prices for fresh staples such as onions and potatoes also soar in New Delhi.
UK trade deficit up
Exports of British goods to countries outside the European Union fell to their lowest level since September 2011, coinciding with the pound hitting a near six-year high against the dollar.
Philippine growth forecast lowered by World Bank
The World Bank lowered its Philippine growth forecasts on Thursday to 6.4 per cent this year and 6.7 per cent next year but says the country remains one of East Asia’s fastest growing economies.
India okays FDI hike in railways and defence
India’s cabinet has approved plans to open its defence and railways industries to foreign investment as new Prime Minister Narendra Modi’s right-wing administration moves to reform and revive the ailing economy.
ECB keeps rates low as Ukraine casts cloud over Europe
The European Central Bank (ECB) held borrowing rates on Thursday as it pinned its hopes on lending measures to bolster a struggling eurozone economy facing further damage from the Ukraine conflict.
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