Business

KABUL: Afghanistan’s central bank has granted a license to the Islamic Bank of Afghanistan (IBA), the first lender in the country to apply the interest-free principles of Islamic finance in all its operations, a senior bank official told…

NEW DELHI: Indian authorities will be empowered to seize properties of super-rich fugitives whose economic offences or crimes involve sums over 1 billion rupees ($15 million), according to a government document seen by Reuters on Saturday.…

WASHINGTON: Adviser to the Prime Minister on Finance Miftah Ismail has said the growth rate remained at 5.8 percent during the current year and is expected to touch 6.2 percent next year. In an interview with a US TV channel in…

LONDON: London’s Transport Commissioner Mike Brown met Uber boss Dara Khosrowshahi in January, a freedom of information request revealed, as the Silicon Valley app fights to keep its cars on the streets of its most important European…

Saudi Energy Minister Khaled al-Faleh said the global market has the capacity to absorb higher oil prices, drawing a swift reaction from US President Donald Trump who accused OPEC of inflating prices.

ISLAMABAD: The Power Division has convened an emergency meeting of the K-Electric, Petroleum Division and National Electric Power Regulatory (NEPRA) on Karachi power crisis on Friday (today), on the directives of Power Minister Awais Ahmed…

HONG KONG: A US ban on sales of American components to ZTE has unleashed a patriotic backlash in China’s cyberspace, highlighting the growing tension between the world’s two largest economies. The United States this week imposed a ban on…

NEW YORK: A start-up launched by three Princeton University graduates for a new cryptocurrency has raised $133 million from a slew of big investors in a private placement, Intangible Labs Chief Executive Officer and co-founder Nader Al-Naji…

German police carried out raids on properties linked to two top Porsche executives and one ex-employee of the luxury carmaker as part of a fraud probe linked to the diesel emissions cheating scandal.

ISLAMABAD: Minister for Planning, Development and Reforms, Ahsan Iqbal has approved allocation of Rs 45 billion for the development budget of Higher Education Commission (HEC) under Public Sector Development Programme (PSDP) 2018-19. The…