Spot gold was slightly down at $2,335.13 per gram on Monday
uae3 hours ago
“It will be the largest bank in the region for the issuance of sukuk and will create a secondary market for sukuk,” Adnan Yousif told Reuters yesterday. Sukuk are bonds that comply with Islam’s ban on interest.
Albaraka is one of the lenders that is looking to invest in the new bank, which will have paid-up capital of $3 billion and plans to start operations in 2009. The project is being promoted by the chairman of the General Council of Islamic Banks, Sheikh Saleh Abdullah Kamel, Yousif said. Yousif said Bahrain also planned to set up a stock market in Bahrain complying with Islamic law.
Spot gold was slightly down at $2,335.13 per gram on Monday
uae3 hours ago
As authorities sprang into action to drain waterlogging, tenants and homeowners had to navigate the aftermath of nature's unpredictability
uae3 hours ago
The 51-year-old recently competed in the Masters Indoor World Cup — his 10th international tournament since undergoing surgery
sports4 hours ago
Met Department advised people to take precautions during strong convective cloud activity associated with rainfall over Eastern and Northern areas
uae4 hours ago
Earlier, interest-free loans were announced for Emiratis whose businesses were affected by the rains, with a grace period of 6 to 12 months
uae6 hours ago
Following a $3 per barrel average global price increase in March, petrol prices for April increased by 12 fils per litre in the UAE
uae6 hours ago
Annual rents in Dubai are usually paid in two, four or six instalments via post-dated cheques
business6 hours ago