Business

Dubai / EMIRATES BUSINESS Dar Al Sharia, Dubai Islamic Bank’s fully owned subsidiary, has cements its position as the leading provider of Islamic finance advisory and consultancy services across multiple jurisdictions and regulations. Over the past year, the subsidiary has been recognised for its stellar performance. Being the pioneer behind the concept of Islamic banking, DIB established Dar Al Sharia ...

Jerusalem / Bloomberg Israel’s natural gas companies and Noble Energy Inc. have signed the first contract to supply natural gas from the Leviathan site offshore Israel. Partners in Leviathan, Israel’s largest field, will supply 6 billion cubic meters of gas over 18 years to two power stations owned by local electricity producer Edeltech Group, according to an e-mailed statement. Under ...

Lagos / AFP Onele Vincent and his colleagues are fed up with the rising cost of living. So they decided to do something about it and led a noisy protest at a top Lagos hotel where they work. “Things are more expensive, rent is high, food is high,” Vincent said last week in the lobby of the Southern Sun hotel, ...

Sarajevo /AFP With 360 villas and apartments around an artificial lake, swimming pools, a halal supermarket and a Muslim prayer area, the ‘Sarajevo resort’ is one of Bosnia’s most ambitious residential projects to date. It is one of dozens of real estate ventures in the picturesque hills surrounding the capital of the Balkan country that are specifically targeting visitors from ...

Creativity and innovation are the buzzwords around which the future economic plans and strategies of the United Arab of Emirates (UAE) revolve around these days. President of the UAE His Highness Sheikh Khalifa bin Zayed Al Nahyan recently announced a detailed plan worth over AED300 billion to become a “knowledge-based economy” and end the dependence on oil for sustainable growth of ...

What was the perspective of 2015 edition of Rockwell Automation? Very large number of products, approximately 55 new products and over 1500 SKU’s (Stock Keeping Units) were showcased. Now we are focusing on architecture rather than on individual products e.g. ethernet architecture, gigabit ethernet support on I/O (input/output module), in-to-in internet security, integrated software tools that are focused on delivering ...

There was a time when shoppers used to travel length and breadth of the city’s main shopping arenas and spent plenty of their time in hand-picking the best furniture, home décor and accessories in a bid to give that perfect touch to their sweet home. However, mall revolution has swept the United Arab Emirates (UAE) expressively and has entirely changed ...

The global consumer electronics market is projected to reach US$ 2,976.1 billion by 2020, according to a latest report by Future Market Insights (FMI) titled ‘Consumer Electronics Market: Global Industry Analysis and Opportunity Assessment 2015 – 2020’. As mentioned in this particular report, the global consumer electronics market valued at US$1,224.8 billion in 2014 is expected to reach the aforesaid ...

The Q1 of the 2016 is expected to retain an overweight allocation on global equities compared to fixed income. It has been revealed in Barclays’ ‘Compass’ report that examines major asset classes globally. This report, which includes the bank’s tactical recommendations to portfolio asset allocations, is published by Barclays’ Wealth and Investment Management division. The research focuses on providing investment ...

Exploring luxury in diminutive wrist-watches, it’s the right time to look beyond sophistication and elegance. Switzerland-based Philip Stein, a market leader in the business of luxury watches and bracelets, has fast become the epitome of exclusivity and luxury in watch technology while following the same success mantra. Strong believer of the fact that everything on this earth operates ideally when ...