Other - Business & Finance

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.


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.


Campaign finance report shows NY Rep. Charles Rangel spent $111,000 on legal bills since July

NEW YORK – A federal campaign finance report shows embattled New York Rep. Charles Rangel has spent more than $111,000 on legal bills since July.


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.


NDP finance critic filing complaint against Hansen

NDP finance critic Bruce Ralston is planning to file a formal complaint alleging that Finance Minister Colin Hansen misled legislature about pre-election discussions concerning the HST.


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.


Willis Lease Finance Corp. President and CEO, 10% Owner Charles F Iv Willis sells 15,003 …

By insider.


Ex-finance minister says Hansen must have known

While B.C.’s Finance Minister still insists the HST wasn’t on his radar before the 2009 election, a former provincial finance minister said he was briefed on the issue almost 10 years ago.


Finance reports offer insight into closely watched state House and Senate races

Check out finance reports from the 75th and 29th districts.