According to a report published by Ernst & Young’s Global Islamic Banker of Excellence, global demand for Islamic bonds could triple to $900bn by 2017. This expected rise is partly driven by the fact that conventional investors look to securities backed by tangible assets. South East Asian economies, especially Malaysia is pushing to play the […]
After Kenya and Rwanda, the German car giant Volkswagen continues its expansion plan in East Africa. A Memorandum of Understanding (MoU) was signed on Monday by Thomas Schaefer, Head of the Volkswagen Sub-Saharan Africa Region, and the Commissioner of the Ethiopian Investment Commission (EIC), Abebe Abebayehu to deliver a joint vision for the development of […]
Egypt’s Public Prosecution has detained a young Egyptian student pending an investigation into charges of the premeditated murder of his girlfriend after the latter refused to marry the young man. 22-year-old Islam Mohammed according to the prosecution stabbed 17 times 20-year old Salma Baghat at Al-Shorouk Academy where both of them are students. Mohammed reportedly […]
