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Islamic finance can address global economic woes

  RITIKA SHARMA / Emirates Business Islamic Economy is considered not just the fastest growing segment of global economy, but it is also being seen as a novel sector for developed economies to invest in. Experts believe that the Islamic Economy can find solutions for modern world’s problems ranging from income disparities to other plights that have led to several ...

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SLC joins ‘Reading Nation’ drive marking Ramadan

  ABU DHABI / Emirates Business The General Secretariat of the Supreme Legislation Committee (SLC) is celebrating the Holy Month of Ramadan with a series of interactive charitable and humanitarian activities reflecting the values of affability, compassion, and deep sympathy as taught by the virtuous Islam. The SLC, represented by the Innovation and Creativity Team, took part in the “Reading ...

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Oman oil company raises $4bn of project financing

  Muscat / Reuters Petroleum Development Oman (PDO), the country’s top oil and gas exploration and production company, has obtained a $4 billion loan from international banks, part of a rush of foreign borrowing by Oman as low oil prices strain state finances. The five-year pre-export facility is the company’s first international loan and was priced at 160 basis points ...

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