Economy

Muslims care more about halal food than halal income: Malaysian deputy minister

Muslims care more about halal food than halal income: Malaysian deputy minister

Malaysian Datuk Dr Asyraf Wajdi Dusuki lamented recently that Muslims care more about the halal status of their food, compared to the status of their source of income. The deputy minister in charge of Islamic affairs said the public perceives Islam as only related to worship, while the issue of halal and haram — what is permissible […]

Apple’s cash reserves swell to $250bn, greater than the combined foreign reserves of the British government and Bank of England

Apple’s cash reserves swell to $250bn, greater than the combined foreign reserves of the British government and Bank of England

Apple’s cash pile has swelled to over $250bn (£194bn), a sum greater than the combined foreign reserves of the British government and Bank of England. The technology giant will reveal on Tuesday that its reserves have been boosted once again after making a quarterly profit of over $10bn. Its holdings have more than doubled in […]

6,000 Indian millionaires shifted overseas in 2016: Report

6,000 Indian millionaires shifted overseas in 2016: Report

India is among the top five countries globally which saw the maximum number of millionaire outflows with as many as 6,000 ultra-rich people shifting overseas in 2016, 50% more than the previous year. According to a report by New World Wealth, around 6,000 uber-rich Indians have changed their domicile in 2016, while in 2015 as […]

Who is Sarah al Suhaimi, the first woman to lead Saudi stock exchange?

Who is Sarah al Suhaimi, the first woman to lead Saudi stock exchange?

The appointment of the CEO of National Commercial Bank, Sarah al-Suhaimi, as the first Saudi woman to chair the Saudi Arabia stock exchange – Tadawul – the largest bourse in the Middle East, is a step that breaks the male-dominated upper echelons in the finance sector. According to Deloitte consultancy, the representation of women on […]

India Slips to 143 in Economic Freedom Index, Behind Pakistan: US Thinktank

India Slips to 143 in Economic Freedom Index, Behind Pakistan: US Thinktank

India ranked a dismal 143 in an annual index of economic freedom by a top American thinktank, behind its several South Asian neighbours including Pakistan, as progress on market-oriented reforms has been “uneven”. The Heritage Foundation in its Index of Economic Freedom report said despite India sustaining an average annual growth of about 7 per […]

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