ABU DHABI / WAM Saif Hadef Al Shamsi, Assistant Governor for Monetary Policy and Financial Stability at the UAE Central Bank, said that total Islamic banking assets in the UAE have increased to approximately AED520 billion in the past few years. Al Shamsi added that Islamic banking’ assets account for around 20 percent of AED2.6 trillion of the total …

  The same may be true of the economy. So says Tyler Cowen, author of the new book “The Complacent Class: The Self-Defeating Quest for the American Dream.” Although we’ve recovered from the Great Recession, there are widespread fears that the economy will stagnate or grow only slowly. Government won’t be able to handle the next crisis, whether a war, …

  If you want an example of the threat faced by the U.S. from an emerging China, look no further than Xiaomi Corp. The electronics manufacturer has made the bold move into designing its own smartphone chips. Of the vast variety of semiconductors that reach the market every year, it’s those processors used in mobile phones that are among the …