Saudi Arabia to raise $9 Billion via Sukuk
15 May 2017 |
7:00 am
Fitch Ratings Global Head of Islamic Finance Bashar Al Natoor weighs in on Saudi Arabia's issuance.
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Ghana's smock garment used to be reserved for royal use. These days, a flood of imported yarn has opened the market to near universal use, and the smock has become a Ghanaian clothing icon. Yet the country's collapsed cotton industry has left the financial fortunes of weavers and smock makers hanging by a thread.
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New Zealand Prime Minister Jacinda Ardern announces a comprehensive in-principle free trade agreement with the UK, arrived at after 16 months of talks. London said the deal ends tariffs on British exports such as clothing, footwear, ships and bulldozers. It estimated that trade between the two countries last year was worth £2.3 billion ($3.2 billion, 2.7 billion euros).
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"Big John," as the dinosaur was nicknamed, went for millions above the initial estimate from French auction house Druot.
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Luxembourg joins only two other countries and a handful of US states in decriminalizing the cultivation of cannabis for recreational use. However, Germany may not be far behind.
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Facebook reported an annual 17 per cent jump in third-quarter net profit, driven by an increase in daily active users and strong advertising sales despite the platform facing multiple controversies that have led to calls for tighter regulation.
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Here are a few reasons to pick up a copy of The Guardian on Wednesday. Find these stories and much more when you grab a copy of The Guardian on Wednesday.
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Amid dire warnings that time is quickly running out, delegates in Glasgow are set to make further binding pledges to radically reduce emissions. But without the funds to help countries adapt, they won't be much use.
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Several people were killed and at least 140 injured in clashes between soldiers and protesters after Sudan's military seized power. The UN Security Council is set to hold an emergency meeting to discuss the crisis.
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Military vehicles patrol a street in Khartoum as Sudan's top general declares a state of emergency, dissolves the authorities leading the country's democratic transition, and announces the formation of a new government. Soldiers have also detained civilian leaders in what activists denounce as a "coup".
1 day ago
Sudan's top general Abdel Fattah al-Burhan said on Tuesday (October 26) that the military agreed to a number of initiatives suggested by prime minister Abdalla Hamdok but civilian forces refused to engage in any dialogue.
Speaking at his first news conference since he announced Monday's takeover, Burhan defended the army's seizure of power, saying he had ousted the government of Prime Minister Abdalla Hamdok to avoid civil war.
Soldiers arrested the prime minister and other members of his cabinet on Monday (October 25), and hours later Burhan appeared on TV to announce the dissolution of the Sovereign Council, a body set up to share power between the military and civilians.
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It has been two and half years since Sudanese protesters peacefully overthrew their dictator Omar al-Bashir in a jubilant moment for Sudan. But the path to democracy has not run smoothly. Infighting has plagued the country's joint military-civilian coalition and steep price rises have shaken people's faith in their leaders. For weeks, rumours had swirled of a coup d'état. This Monday morning, it happened: Prime Minister Abdallah Hamdok was arrested and military chief Abdel Fattah al-Burhan appeared on television, declaring a state of emergency and dissolving the country's ruling body. Is this the death knell for Sudan's revolution? Or will the military's actions breathe new life into the protest movement?