News
Islamic finance must diversify: Analysts
KUWAIT CITY: Islamic finance, which prohibits charging interest, is set to double in size in five years, but the one-trillion-dollar industry must diversify and regulate to realise its full potential, analysts and economic reports say.
Gulf Finance House to Complete $300 Million Jordan Gate Project Early 2011
Gulf Finance House said the $300 million Jordan Gate property development project in Amman will be completed in early 2011, according to an e-mailed statement from the Bahrain-based investment bank.
Gulf Finance House to Complete $300 Million Jordan Gate Project Early 2011
Gulf Finance House said the $300 million Jordan Gate property development project in Amman will be completed in early 2011, according to an e-mailed statement from the Bahrain-based investment bank.
Kuwait Finance House May Invest in Islamic Banks in Asia, Al-Anba Reports
Kuwait Finance House Bhd., a unit of Kuwait’s biggest Islamic bank, is in talks with institutions in Japan to form “strategic alliances” for Islamic banking deals, Al-Anba reported, citing unidentified people familiar with the matter.
Growing Islamic finance should diversify, regulate–analysts
KUWAIT CITY—Islamic finance, which prohibits charging interest, is set to double in size in five years, but the one-trillion-dollar industry must diversify and regulate to realize its full potential, analysts and economic reports say.
Japan Finance Minister Noda Says Coordinating Yen Intervention `Difficult’
Japanese Finance Minister Yoshihiko Noda said it would be “difficult” to gain support for international coordination to halt the yen’s gains, signaling any sales of the nation’s currency would have to be unilateral.
Simple Finance Technology Corp. Raises $2.9m Series A for BankSimple
Simple Finance Technology Corp., the makers of BankSimple , a service for those who wish banking were easy, announced the close of a $2.9 million Series “A” round of financing. Â First Round Capital, IA Ventures and Village Ventures led the round, with support from Jerry Neumann, SV Angel, Nauiokas Park and several, as yet, unannounced angel investors.
Romanian finance minister’s sacking raises fears for reform
The replacement of the Romanian finance minister by an obscure politician has raised fears in financial circles that Romania’s reform drive could be imperilled as the country grapples with a deep economic crisis.
Czech Finance Ministry Hires Banks to Sell Eurobonds in the `Near Future’
The Czech Republic mandated Barclays Capital, Ceska Sporitelna AS and Deutsche Bank AG to arrange a planned sale of bonds in euros, the Finance Ministry said.
Willis Lease Finance agrees to buy $300 million aircraft for move into regional airlines
NOVATO — Aircraft and engine lessor Willis Lease Finance Corp.
