Sharia investment start-up aims for Malaysia, India expansion

There are 172 million Muslims in India — roughly equivalent to 10 per cent of the world’s entire Muslim population — and yet there isn’t one Islamic bank. Junaid Wahedna thought that was strange. So, when Wahedna was 22, he started his own Sharia-compliant finance company with $30,000 (Dh110,175). Three years later, Wahed Invest is […]

Kraft Heinz announces $15.4b write-down

WASHINGTON. The US packaged food giant Kraft Heinz has announced a $15.4 billion write down on some of its most iconic brands, reflecting a big change in what people like to eat. In its fourth quarter earnings report, the company said Thursday that the write-down resulted in a net loss of $12.6 billion. The company […]

Trump says he’s inclined to extend China trade deadline

WASHINGTON: President Donald Trump said on Friday there was “a very good chance” the United States would strike a deal with China to end their trade war and that he was inclined to extend his March 1 tariff deadline and meet soon with Chinese President Xi Jinping. US and Chinese negotiators had made progress and […]