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Islamic investors need integrated reporting, better governance: Experts

Kuala Lumpur / EMIRATES BUSINESS Islamic finance is complementary to and a major enabler of making responsible investing more ubiquitous across emerging markets – and Asia is leading the way – but integrated reporting and governance remains gap for many investors. To attract long-term capital, many companies in Asia are becoming more aware of how investors integrate Environmental, Social & ...

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FGB full year 2015 net profit exceeds AED6.0bn

Abu Dhabi / Emirates Business FGB, one of the leading banks in the UAE, achieved a record Group net profit of AED 6.01 billion for the full year 2015. Total income for the year grew by 6 percent, marking the 16th consecutive year of consistent growth in profitability for FGB. Full year 2015 Earnings Per Share amounted to AED 1.32, ...

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China faces trouble over currency mass outflow

Beijing / AFP China is struggling to reconcile its push for economic reforms and a freely traded currency with curbing massive outflows of capital sparked by worries over its slowing economy — and a lack of communication is fuelling fear. The thorny problem represents the so-called “impossible trinity”, as China’s ruling Communist Party seeks to control the exchange rate and ...

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