Business Blog

Young Omanis aspiring to be telecom savvies received a major fillip to their dreams as the Telecom Regulatory Authority (TRA) announced.

The first house of Morocco's parliament approved a bill to allow the establishment of Islamic banks and enable private companies to issue Islamic debt on Wednesday after months of delays.

With upcoming facilities that will include a modern airport, busy commercial seaport and a strategic location on a busy East-West trade route.

Libya's central bank is proposing to issue Islamic bonds to help fund the country's budget and offset a loss of oil revenues that could create a deficit of USD25bn this year, a bank official said

Britain became the first Western country to sell an Islamic bond on Wednesday, drawing orders of more than 2 billion pounds ($3.39 billion) - over 10 times the planned issue amount.

Scientists work on a process which could use whisky distilling by-products to create fuel for cars.