Reuters The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) plans to finalize several new standards by the end of the year, as the standard-setting body works through a revamp of its guidance for the $2 trillion industry. Bahrain-based AAOIFI has published a draft sharia standard for gold-based products with a one month consultation period ending Nov. 9, …

  Reuters A joint venture of HaskoningDHV UK and Hyundai Engineering & Construction Co has been awarded a contract to design the infrastructure for the Ras Al Khair maritime yard in Saudi Arabia, a statement from the firms said on Tuesday. The duo, based in the Netherlands and South Korea, have been awarded the front-end engineering design contract, with the …

  Bloomberg Five months after shaking hands with Apple Inc., retailer Kohl’s Corp. is starting to compete with the tech giant’s mobile-payment service Apple Pay. For Apple, the market leader of in-store mobile payments, moves like Kohl’s are becoming increasingly familiar. Over the summer, Wal-Mart Stores Inc. rolled out its own mobile-payment service nationwide and pharmacy chain CVS Health Corp. …