Tagged: Arab Times Online

Egypt won’t use canal, state assets to back sukuk – PM

Islamic Finance

2013-01-11

Egypt won’t use canal, state assets to back sukuk – PM

According to a statement by Prime Minister Hisham Qandil, Egypt will not use the Suez Canal or other state assets to back sukuk issues. The use of public assets such as the Suez Canal and public facilities for the issuance of instruments is excluded by…

Gatehouse Bank posts solid H1 performance

Islamic Finance

2012-08-31

Gatehouse Bank posts solid H1 performance

An announcement of Gatehouse Bank plc states that the bank has a strong set of interim results for the first six months of 2012. Profit projections have been exceeded by almost 10% with a total of more than $3.2 million (GBP 2.1 million). This shows th…

Kuwait urged to adopt more effective policies to advance industry

Islamic Finance

2010-06-09

Kuwait urged to adopt more effective policies to advance industry

CEO of Kuwait Finance House (KFH) Mohammed Sulaiman Al-Omar said the low cost of production of alternative energy in relation to fossil energy made alternative energy a highly promising investment sector.
“The State of Kuwait has to step up efforts t…

: Hollywood writers reportedly near deal with studios to end strike
Hollywood writers and studios are reportedly near an agreement to end one of the months-long strikes that have brought production of TV shows and movies to a halt.
MarketWatch First Take: Instacart shares slump to their IPO price as investors have second thoughts
IPO investors, who are focused on growth potential, appear to have some reservations about Instacart.
Dow Jones Newswires: Toshiba to go private after shareholders back takeover proposal
Toshiba Corp. said Thursday that a tender offer to take the company private ended successfully.
Earnings Results: KB Home stock slips despite earnings beat, raised forecast and ‘steady’ demand
KB Home shares declined after hours Wednesday following an earnings beat, a hiked revenue forecast, and reported steady demand amid rising mortgage rates.
: UAE oil exec and leader of COP28 climate summit tells U.N., energy industry to ‘get after gigatons’ of emissions
Sultan Al Jaber, an executive in an oil industry responsible for the bulk of Earth-warming pollution, tells the U.N., "we are not powerless" in emissions fight.
Earnings Results: FedEx cites ‘upside’ from UPS labor negotiations and Yellow’s bankruptcy — but Postal Service is giving it a run for its money
Shares of FedEx rallied after hours on Wednesday after the package deliverer raised its full-year profit outlook.
: The return-to-office battle just hit a tipping point that gave companies a win
Companies’ push to bring more workers back into the office is showing initial signs of working, according to one important indicator.
: There’s one culprit for U.S. airlines’ steeper losses, and it’s not lack of demand
U.S. airlines have entered one of their "shoulder" season, but their post-Labor Day doldrums are entirely up to rising fuel prices.
: Barbie and Wednesday Addams are hot Halloween costumes as Americans expected to spend over $4 billion dressing up this year
Overall Halloween spending is expected to break a record $12.2 billion this year, the National Retail Federation reports, with the average person spending $108.
: Canopy Growth’s stock falls back below $1 after 46 million shares are registered for sale
Canopy Growth's stock dropped back below the $1 mark Wednesday after the cannabis company registered roughly 46 million shares for sale to the public.