The Dubai Government is set to create a comprehensive platform of Islamic economy products and services, thereby strengthening its position as a global centre for Islamic economy. The initiative includes standardization and regulation of Islamic products, services and practices. Thus, Islamic economy will become stronger and independent from conventional and interest-based financial practices. As a regional business and trade centre, the UAE already has world class ‘hard’ infrastructure. According to Chief Economist of National Bank of Abu Dhabi Dr. Giyas Gokkent, now the ‘soft’ infrastructure will be added thanks to the initiative, this way encouraging and attracting Sharia compliant activity in various services and industries.
- Mark Hulbert: Why the 2020s could favor market-timers over buy-and-hold U.S. stock investorsInternational stocks, gold and bonds may be a better bet for the next decade.
- : Tesla must control costs or stock will ‘get crushed like a soufflé under a sledgehammer!’ Elon Musk reportedly saysTesla Inc. Chief Executive Elon Musk has reportedly warned employees that the company needs to focus on maintaining profits and reducing costs, or else its stock will get crushed.
- MarketWatch First Take: Salesforce’s deal for Slack creates a bigger threat to MicrosoftWith a $27.7 billion deal to buy Slack Technologies Inc. -- its biggest acquisition yet -- Salesforce.com Inc. is poised to become an even bigger threat to Microsoft Corp. in the world of corporate software. But it could be its toughest merger yet.
- Earnings Results: Salesforce confirms $27.7 billion deal to buy Slack, while results top Street estimatesSalesforce.com Inc. shares declined in the extended session Tuesday after the cloud-based customer relationship-management company said it would acquire Slack Technologies Inc. in a deal worth $27.7 billion and topped Wall Street estimates for the quarter.
- Health-care workers and nursing-home residents should be the first to get COVID-19 vaccine, CDC committee says‘We are acting none too soon,’ one committee member said Tuesday.
- Capitol Report: Larry Summers says deficit reduction would be ‘catastrophic,’ argues for new government debt yardstickAn all-star panel of economists implored Congress to pass a major new coronavirus stimulus package, with former U.S. Treasury Secretary Larry Summers making the argument that Washington politicians should become much more comfortable with large deficits and a growing national debt.
- : Why the pandemic just earned some NBA players millions of extra incomeOne NBA team is benefiting from a big tax break related to the COVID-19 pandemic.
- NewsWatch: Salesforce to acquire Slack in $27.7 billion deal, while results top Street estimatesSalesforce.com Inc. shares declined in the extended session Tuesday after the cloud-based customer relationship-management company said it would acquire Slack Technologies Inc. in a deal worth $27.7 billion and topped Wall Street estimates for the quarter.
- Earnings Results: Box shares dip despite rise in quarterly salesBox Inc. shares initially dipped 7% in after-hours trading Tuesday after it announced third-quarter results roughly in line with analyst projections.
- Outside the Box: Look for the government to force boards to diversify if companies won’tCorporate boardrooms must reflect America by including more women and people of color.