Tagged: National Bank of Ethiopia

2010-09-27

East Africa catching up with Islamic finance

The perceived sustainability and attractiveness of Islamic finance as an alternative financial management model in a post global financial crisis continues to flourish in new regions and countries trying to change banking regulations and laws to facili…

Islamic Banks to enter financial sector in Ethiopia

Islamic Finance

2010-09-08

Islamic Banks to enter financial sector in Ethiopia

Finally responding to a strong public demand, the National Bank of Ethiopia (NBE) is about to approve a directive that paves the way for the establishment of Islamic banks. The directive also opens doors for currently operational commercial banks to cr…

: Not Beyond Petroleum after all — BP says it’s increasing investment in oil and gas as much as it’s boosting renewable spending
BP on Tuesday said it was boosting spending on oil and gas as much as it will on what it calls "transition growth engines," a sign of both the pushback energy giants have received for their moves into the renewable energy space as well as the need for energy security and affordability.
Dow Jones Newswires: Nintendo lowers earnings forecasts as it expects to sell fewer Switch consoles
Nintendo said it sold 14.9 million Switch consoles in the nine-month period ended Dec. 31, down from 18.95 million units during the same period a year earlier
Dow Jones Newswires: German industrial production falls 3.1% in December, much more than forecast
Industrial output, comprising manufacturing production, energy and construction, fell 3.1% on month in December on a price-, seasonally- and calendar-adjusted basis, against expectations for a 0.6% rise.
Dow Jones Newswires: BP underlying replacement cost profit of $4.8 billion falls short of forecasts.
BP's full-year replacement cost profit was $27.7 billion, compared with almost $13 billion for 2021 when BP swung back from early Covid-19 pandemic losses.
Dow Jones Newswires: Siemens Energy net loss more than doubled due to renewable unit troubles
The German energy company registered a quarterly net loss of 598 million euros ($643.4 million) for the quarter ended Dec. 31
Dow Jones Newswires: BNP Paribas reports disappointing quarter, but announces €5 billion in buybacks, lifts targets for 2022 to 2025
While profit and revenue disappointed, BNP added that it would return EUR5 billion to shareholders via two tranches of share buybacks in 2023,
Dow Jones Newswires: Baidu surges after confirming plan to launch AI chatbot in March
Shares of Baidu Inc. surged in Hong Kong on Tuesday as investors welcomed the Chinese internet giant's plan to launch an artificial-intelligence chatbot next month amid an intensifying AI race in the technology industry.
Dow Jones Newswires: Reserve Bank of Australia delivers 9th straight rate hike, stays hawkish
The Reserve Bank of Australia delivered a record ninth consecutive interest rate rise at its first policy meeting for this year, citing the stubbornness of inflation pressures and increased potential for a big jump in wages.
: Bed Bath & Beyond reportedly raises $1 billion in stock deal to get out of loan default
After the extended trading session ended, the Wall Street Journal reported that the company had received investor commitments to raise $225 million of equity capital initially, with the rest of the more than $1 billion offering coming later.
The Wall Street Journal: FedEx, Southwest planes came within 100 feet of crashing into each other at Austin airport
A FedEx Corp. flight landing at the Austin, Texas, airport last weekend appeared to come within 100 feet of a Southwest Airlines flight taking off, according to the head of the safety agency leading the investigation into the incident, the second such close call in three weeks.