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Japan's Nikkei 225 Dips On Mixed Data, Shanghai Up Heading Into Holida
(Investing.com - 29/09/2017)

Asian shares were mixed on Friday with a week-long holiday ahead in China next week thinning markets and regional data sets not providing any sparks. Japan's Nikkei 225 dipped 0.18%, while Australia's S&P/ASX 200 gained 0.22%. In Greater China, the

World’s First Green Exchange Lists $74 Billion in Its First Year
(Bloomberg - 28/09/2017)

The Luxembourg Green Exchange, the world’s first bourse for securities related to climate change, listed 63 billion euros ($74 billion) of bonds after one year. “This far outstripped what we expected,” Jane Wilkinson, head of sustainable finance at the

China’s industrial profits jump most in 4 yrs on commodity price surge
(Gulfnews - 28/09/2017)

Profits at China’s industrial companies rose the most in four years in August as commodities prices surged, thanks to a government-backed construction boom that is helping Beijing trim high levels of corporate debt without tripping up the economy. The

UK retail sales growth climbs to two-year high
(The Gulf Today - 28/09/2017)

British retail sales growth unexpectedly surged to a two-year high in early September, industry data showed, boosting the chances of a pick-up in the pace of economic growth and a Bank of England interest rate rise in November. The Confederation of

Islamic finance climbs higher on UNDP agenda
(Gulf Times - 27/09/2017)

The 72nd session of the UN General Assembly held from September 19 to 25 in New York saw no shortage of tit-for-tats between statesmen, notably the war of words between US President Donald Trump and North Korea’s leader Kim Jong-un, which overshadowed a

Threat of financial crisis has not gone away WEF warns
(Arab News - 27/09/2017)

Global economies remain at risk of further financial shocks and are ill-prepared for the coming wave of innovation and automation, according to the World Economic Forum (WEF). The WEF’s global competitiveness report — its annual ranking of the strength

Asian shares climb as investors track German
(Money Central - 25/09/2017)

Japan's Nikkei 225 rose 0.59 percent in early trade as automakers and most financials notched gains. Across the Korean Strait, the Kospi edged up 0.07 percent to break a four-day losing streak. Major Asian indexes climbed in early Monday trade as

UK negotiator dismisses reports of $54bn Brexit bill
(Arab News - 25/09/2017)

Brexit negotiator David Davis on Sunday dismissed a report that Britain was prepared to pay a £40 billion ($54 billion) divorce bill on leaving the EU. The Times quoted a “Brussels source” in their story on Saturday, but Davis told BBC television that

Meezan Bank retains top position as the ‘Best Islamic Bank’ in Pakista
(Pakistan Observer - 23/09/2017)

Meezan Bank, Pakistan’s first and largest Islamic bank, has been awarded ‘Best Islamic Bank’ at the second Pakistan Banking Awards, 2017, the highest accolade in Pakistan’s banking sector, that recognize excellence across the Banking industry in

Algeria Turns to Islamic Banking to Resolve its Financial Crisis
(Asharq Al-Awsat - 23/09/2017)

Algeria will introduce Islamic financial services before 2018 as a way to cope with its financial crisis, announced Prime Minister Ahmed Ouyahia on Thursday. The services will be available at two state banks before the end of the year. Four others will

Asia markets turn bearish again
(AFP - 23/09/2017)

Asian markets turned lower yesterday as investors cashed in at the end of a mostly positive week while the dollar weakened against its main peers with analysts questioning the chances of a third US interest rate hike this year. Adding to the selling

S&P strips Hong Kong of AAA rating after China downgrade
(Bloomberg - 23/09/2017)

S&P Global Ratings cut Hong Kong’s credit rating a day after it downgraded China for the first time since 1999, a move that reflects the “strong institutional and political linkages” between the special administrative region and the mainland, the ratings

Global economic growth to forecast to hit 3.5pc
(Trade Arabia - 23/09/2017)

The global economy started 2017 strong with real GDP growth gaining momentum and rising to 3.6 per cent in Q1 2017 and the previous uncertainty surrounding the global growth forecast receded since May 2017, says a Euromonitor International report. The

China, Hong Kong shares advance as Fed rate rise bets boost financials
(Reuters - 21/09/2017)

China and Hong Kong shares rose on Thursday, bucking regional weakness, as revived expectations of another U.S. rate increase later this year boosted financial stocks, offseting profit takig in high-flying commodity plays. The Fed on Wednesday said it

EU seeks post-Brexit powers over foreign finance firms
(Arab News - 21/09/2017)

The EU on Wednesday unveiled plans for sweeping new powers over foreign financial firms in Europe that would give the bloc strict oversight over the London financial hub after Brexit. The draft law, presented by European Commission vice president Valdis

Brexit suspense casts shadow over UK as an Islamic finance hub
(Gulf Times - 20/09/2017)

Uncertainty over the UK’s future status as a financial hub after the country will have left the European Union (EU) probably by 2019 is already casting a shadow over London’s agile Islamic finance sector. Generally, it is estimated that London would lose

Malaysia, Indonesia Need To Invest More In Islamic Finance
(BERNAMA - 19/09/2017)

Malaysia and Indonesia need to invest more in Islamic finance to ensure their offerings are on par with conventional offerings, said HSBC Amanah Malaysia Bhd today. In a statement here today, its Chief Executive Officer, Arsalaan Ahmed, said the growth

Demand for green Islamic bonds set to grow, MIFC says
(Asia Assets Management - 19/09/2017)

The Malaysian and global green sukuk, or Islamic bond, markets are expected to continue to grow, thanks to increasing investor interest in sustainable investing, according to the Malaysian International Islamic Financial Centre (MIFC). “The growth

World markets advance on easing tensions
(The Gulf Today - 19/09/2017)

Global stock markets rose on Monday, buoyed by cooling geopolitical tensions before this week’s US interest rate call. Asia kicked off the firmer trend, followed by London, Frankfurt and Paris which rose on burgeoning investor optimism after yet another

Egypt plans more Eurobond issues
(Arab News - 18/09/2017)

Egypt will issue a €1.5 billion ($1.8 billion) bond by the end of November and plans to launch a new $10 billion Eurobond program next year, the Boursa newspaper reported on Sunday. Finance Minister Amr El Garhy told the newspaper that Cairo planned to

Family offices look to emerging market equities for yield
(Gulfnews - 17/09/2017)

Companies that manage portfolios for individual families are looking to increase investments in emerging arkets after higher equities helped them achieve average returns of 7 per cent in 2016, according to a report by Campden Research and UBS. The

EU working on digital tax to stem outflow of `bags of money’
(Gulfnews - 17/09/2017)

European Union finance ministers are developing a new way to tax digital companies such as Amazon.com Inc and Facebook Inc to raise money from an industry that they say provides less than it should to public coffers. French Finance Minister Bruno Le

China’s economy losing some steam as investment growth hits 18Y low
(Reuters - 14/09/2017)

China posted a rare flurry of disappointing data on Thursday — including its slowest growth in investment in nearly 18 years — suggesting the world’s second-largest economy is finally starting to lose some momentum as borrowing costs rise. Factory output

Weak China data knocks global stocks off record highs
(Reuters - 14/09/2017)

World stock prices pulled back from record highs after weaker-than-expected Chinese economic data, while sterling held steady before a Bank of England rate decision later on Thursday. Chinese real estate investment picked up last month, but factory

German economy to grow by more than 2% this year
(Times of Oman - 14/09/2017)

The German economy is set to grow by more than two per cent this year adjusted for calendar effects, which would be the strongest rate in six years, the BDI industry association said on Tuesday as it lifted its growth forecast for Europe's biggest