The Islamic Bank of Asia (IB Asia) has noticed an increase in interest from investors for Islamic finance. Two board members of IB Asia, Shariah, Shaikh Nizam Yaqouby and Dr. Mohammed Daud Bakar, say that they believe changes in the global investment climate drive the demand for Islamic banking. In such a situation, the …
CNN Money reports that consumers will have to get used to paying more for their groceries over the next two years. Concerns with rising food prices worldwide are part of anticipated five-year cycles, agricultural economists claim. Prices flare up in the first two to three years of the cycle and then start to moderate by the …
NEW YORK – Cablevision Systems Corp. plans to buy the Long Island newspaper Newsday from Tribune Co. for $650 million. The information is given by am anonymous person familiar with the confidential discussions. If the reports are true, however, it means that Cablevision, a cable TV company, will own its first newspaper. All this …
The Walt Disney Company has reported a 22 percent increase in its second-quarter profit as compared with results from last year. uring the same period in 2007, profits stood at $919 million while this year it has reached $1.13 billion. Revenue from the company’s parks and resorts revenue has grown 11 percent reaching $2.73 …
Papa John’s, the third-largest pizza delivery chain in the US has surpassed $1 billion in online pizza sales. Even at night, when the Andy Freitas’ pizza restaurants are silent, cooks keep on working trying to meet customer orders. It took seven years for Louisville-based Papa John’s International Inc. to hit this record. Just after starting …
Yesterday, exactly on the eve of Dmitry Medvedev’s inauguration as president, Russia brought into force new prices for domestic gas, power and railway services which will rise over the next four years. As a result, around two million people took part in May Day demonstrations in 1,000 towns across Russia. People were reported to be shouting, …
