Business
Shari’ah-Compliant Australian Equity Fund Approved by Bahrain Authorities
The Central Bank of Bahrain has authorised formation and marketing of the Hyperion Australian Equity Islamic Fund, the first Shari’ah-compliant offshore fund comprised of the country’s stocks.
September 2010 “Islamic Market’s Measure” Monthly Report On The Performance Of The Dow Jones Islamic Market Indexes
Based on the close of trading on September 27, the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, gained 9.05% month-to-date, closing at 2052.87.
Gulfmena to Set up Islamic Asset Management Firm
DUBAI, Sept 20 (Reuters) – Qatar First Investment Bank (QFIB) and specialist regional asset manager Gulfmena Alternative Investments plan to set up a sharia-compliant asset management firm to tap into rising demand for Islamic investment products.
Islamic ‘Finance’: Between Faith and the Law
ON SEPTEMBER 9, a senior bureaucrat told an Indian court that the law of the land does not allow Islamic banking… What he was possibly unaware of was a meeting held at the Reserve Bank of India headquarters in Mumbai a fortnight before his court appearance.
Syria Invites France to Invest in Tourism Industry
Syria (Damascus) – Syrian is encouraging French investor to set up new tourism projects in the country, Global Arab Network learned.
Algeria: US Businessmen to Visit Algiers Seeking Investment Opportunities
A delegation of about fifty American businessmen to visit Algeria from 25 to 30 September, seeking investment opportunities in the country, Global Arab Network reports learned.
Nadeem Syed appointed to Inspirage Board of Advisors
MOUNTAINVIEW, CA–Inspirage, a leading provider of global implementation services for Oracle’s Value Chain Planning solutions, announced today the immediate appointment of Nadeem Syed, former head of Oracle Value Chain Planning Development, to its Board of Advisors.
Ron Paul Calls for Audit of US Gold Reserves
“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” said U.S. Rep. Ron Paul of the Federal Reserve.
Streetline Appoints Zia Yusuf as President & CEO
Streetline, Inc., a global leader in wireless sensor enabled smart city solutions, announced today that veteran SAP senior executive Zia Yusuf has joined the company as President & CEO…
Yusuf Mehdi, Senior VP, Microsoft
Before his current role, Mehdi served as Microsoft’s chief advertising strategist and senior vice president of Strategic Partnerships.
Wall Street Bill Will Likely Preserve Fed Independence
WASHINGTON (Reuters) – After suffering sustained criticism of its role in the financial crisis, the Federal Reserve looked set on Wednesday to emerge from an overhaul of financial regulations with its jealously guarded independence intact.
No, There is No New $1 Trillion Motherlode in Afghanistan
Despite what you may read this morning, the U.S. military did not just “discover” a trillion dollars’ worth of precious minerals in Afghanistan.
Global Economic Conditions Drive Investor Sentiment, Benefitting Gold and Other Precious Metals
Chicago–(Kitco News)–European debt problems and fears that global growth will lag put investors in an apprehensive mood Tuesday and they drove gold prices to record highs and showed little sign of backing away in coming weeks.
Shahid Khan Trying to Buy the Rams
Pakistani billionaire Shahid Khan continues in his efforts to purchase a controlling share of the National Football League’s St. Louis Rams.
Fledgling GEE Family of Charter Schools Reaches Out to Alumni
GEE is a growing body of charter schools, based in Ohio and Michigan, which through its graduates has already begun to make its mark in the nation’s universities, with at least one graduate has been accepted by the single most prestigious American university, Harvard…
Sell Everything! “You Won’t Recognize America By The End Of The Year”
Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today’s note:
Richard Russell Snippet
Question — Russell, if you’re so damn smart, then how is it that most of the economists and analysts disagree with you? The fact is that most experts are now bullish on both the economy and the stock market.
How Bush Killed a Criminal Probe Into BP That Threatened Top Officials
Mention the name of the corporation BP to Scott West and two words immediately come to mind: Beyond Prosecution.
LifeLock CEO’s Identity Stolen 13 Times
Apparently, when you publish your Social Security number prominently on your website and billboards, people take it as an invitation to steal your identity.
