 | Masraf in race to buy QIIB´s
British Islamic retail arm QATAR International Islamic
Bank (QIIB), parent company of
Islamic Bank of Britain (IBB), is
considering the sale of the UK´s
only sharia-compliant retail
lender as it struggles to gain scale
in the UK market.
IBB confirmed it had received.
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| | Indian refiners cut Iran
oil imports by 38% in May |  INDIAN refiners cut imports
from Iran by 38 percent in May
from a year ago, tanker discharge
data showed, in a second
month of steep reductions
as they switch suppliers to
cushion the impact of new US
sanctions on Tehran.
The cutbacks raise New
Delhi´s chances of winning a
waiver similar to that granted
by the United States to Japan
and some European countries
after "substantial" reductions
in their imports.
India is discussing with
Washington an exemption
from the sanctions, which
focus on banking and are being
imposed over Iran´s disputed
nuclear programme, a source
said last month.
China and India are Iran´s
biggest crude clients and
reductions in their... | | | Biofuels need govt support to be price competitive: IATA |  AIRLINES need government
support to lower the cost of
biofuels that could help to
reduce pollution and carbon
emissions, the head of the
global aviation industry
trade group said on
Thursday.
Airlines have flown some
1,500 commercial flights
using fuel made from plants,
but supplies are limited and
costly, said Tony Tyler, chief
executive of the
International Air Transport
Association.
"We need governments to
adopt policies to help support
commercialisation of
biofuels to bring up the volume
and bring down the
price," Tyler said. He was in
Beijing for IATA´s annual
general meeting, due to be
held next week.
Airline emissions have
become a ... | | | Reliance to invest $18bn
for expansion in 5 years |
 INDIA´S largest private company,
Reliance Industries, said
on Thursday will invest $18
billion over the next four to
five years to expand in the
country and more than double
operating profit.
Mukesh Ambani, India´s
richest man, also told the
firm´s annual general meeting
in Mumbai that he had faith
the nation´s economy, which is
struggling with slow growth
and high inflation, would beat
its woes to "emerge stronger".
"The current difficulties
faced by the Indian economy
in my belief are temporary," he
said. Energy giant Reliance in
April said consolidated net
profit fell 21.2 percent to 42.36
billion rupees ($830 million)
in the three months ended
March ... | |
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