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Sharjah to spend $400m on Islamic cultural schemes

Sharjah to spend $400m on Islamic cultural schemes

Sharjah has announced it will spend AED1.5 billion ($400m) on 21 projects related to its selection as this year’s Islamic Culture Capital. Funding includes $38m for the 4000-seat Al Majaz… Read more »

Dubai named world’s top performing property market in 2013

Dubai named world’s top performing property market in 2013

Dubai was the world’s best performing real estate market during 2013 with price growth nudging 35 percent, Knight Frank has revealed in a new report. The Knight Frank Global House… Read more »

Feroz Allana tops Arabian Business GCC Indian Rich List for 2014

Feroz Allana tops Arabian Business GCC Indian Rich List for 2014

Food magnate Feroz Allana has topped the Arabian Business GCC Indian Rich List for 2014, with an estimated wealth of $4.4bn. Altogether, nine billionaires make the list, with the combined… Read more »

South Africa Introduces Islamic Bonds

South Africa Introduces Islamic Bonds

South Africa will launch its first sukuk Islamic bond this year, as it seeks to diversify its debt obligations, Finance Minister Pravin Gordhan said Wednesday. “Our first sukuk (Islamic) bond… Read more »

Turkey to be 12th largest global economy by 2028: CEBR

Turkey to be 12th largest global economy by 2028: CEBR

Turkey will be the 12th largest economy of the world by 2028, while Britain will surpass France and Germany to become Europe’s biggest, according to a study released by a… Read more »