Amping up its trade finance and commodity Murabahah offerings, the Islamic Bank of Afghanistan has joined the Dubai Multi Commodities Centre (DMCC) Tradeflow platform, enabling the bank to take multicurrency trades from across the globe and conduct Tawarruq transactions for liquidity management purposes.
Content Types: ArticleRegions & Countries: AfghanistanIndustries: Banking & FinanceService Industry
After years of navigating regulatory hurdles and persisting security concerns, Afghanistan is finally opening its doors to its first fully-fledged Islamic bank, a welcome development in the 35 million-strong Islamic Republic.
Kazakh politician and president’s daughter Dariga Nazarbayeva raised critical issues in questions posed to the National Bank of Kazakhstan, including the historical state support of banks and losses caused by the devaluation of the tenge.
The CEO of flagging Chinese smartphone-maker Coolpad Group Ltd. has resigned, a year after he was hired at the behest of LeEco — the company’s largest shareholder and cash-strapped tech giant. Liu Jiangfeng.
The Hong Kong Trade Development Council (HKTDC) today announced its HKTDC Export Index for the second quarter of 2016 (2Q16), which, at 37.2, was little changed from the previous quarter. Despite early signs of stabilisation in the global economy, and in view of lacklustre export figures in the first half of this year, HKTDC Research projects that Hong Kong exports in 2016 will shrink by four per cent compared to last year, down from its...