Wednesday 1 April 2015

Basel III ‘will aid Islamic banks' liquidity management’

Liquidity management instrument offerings remain limited in Islamic finance, but Basel III's liquidity coverage ratio is likely to create opportunities for their growth, a Standard & Poor's report said. Most Islamic bank liquidity management instruments consist of low


Facelift or folly: Belgrade braces for Dubai-style makeover

The vista of rusting boats and drab wasteland that greets visitors passing over the river Sava into Belgrade is set to be transformed into a futuristic forest of skyscrapers under ambitious redevelopment plans that have left Serbs deeply split. Construction for the Belgrade Water


Potential loopholes could limit impact of Saudi land tax

A planned tax on undeveloped urban land may transform Saudi Arabia's real estate market, boosting construction and making homes more affordable, but potential loopholes could dilute the impact and make the effect on the market hard to predict. Real estate stocks tumbled and c


Bionic ants could be tomorrow's factory workers

Robotic ants the size of a human hand that work together to achieve a common aim could be the future of factory production systems. The developers, German technology firm Festo, say it's not just the unusual anatomy of real-world ants that inspired the bionic version - the co


A plan to beat the superbug

With painstaking effort, a group of Chicago hospitals has managed to cut by half the number of infections caused by an especially deadly type of superbug. Now US health officials want that kind of campaign to go national. The White House on Friday told the US Centers for Disease


Oil prices to stabilise in H2 as demand rises

Oil prices should stabilise in the second half of this year and rise in 2016 and 2017 as consumers respond to a period of much cheaper fuel, a Reuters poll of analysts showed on Monday. The survey of 34 analysts predicted North Sea Brent crude would average $59.20 a barrel in 201


Smart city industry projected at $400bn by 2020

The smart cities industry, which offers solutions to cope with water and energy shortages, higher air pollution and other challenges due to rapid urbanisation, is projected to be worth more than $400 billion by 2020, according to experts. “As the population gravitates towar


UAE Islamic banking assets to hit $263bn by 2019

The UAE is en route to achieve $263 billion of Sharia-compliant assets by 2019, according to audit company EY’s World Islamic Banking Competitiveness (WIBC) report. The industry was estimated to be worth $127 billion in 2014, thus making it the third largest Islamic banking


GCC on track to double smart city developments

The GCC is making major strides in its development of smart cities with the number of new smart city greenfield developments in the region set to double within the next two to three years, a report said. This follows the launch of six entirely new, master-planned smart city devel


RWE's Gulf dream may offers cash, new markets

Working with a deep-pocketed Gulf backer could be just what RWE boss Peter Terium needs to restore shareholder confidence and escape budget constraints that have plagued Germany's top power producer. The utility last week disclosed it was in talks with an unnamed Gulf investo

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