HK's second board hits fresh low amid market jitters
HONG KONG, June 28 Hong Kong's second board hit a fresh record low on Wednesday, with shares of penny stocks plunging as investors raced to reduce their exposure to the highly volatile market.
DUBAI Jan 5 Qatar International Islamic Bank (QIIB), the Gulf state's third-largest listed Islamic bank by assets, said on Thursday it had received approval to open a bank in Morocco with local lender Credit Immobilier et Hotelier (CIH).
QIIB said in a bourse statement that it was working with CIH Bank to meet requirements and obtain necessary regulatory approvals in Qatar and Morocco.
Morocco's central bank approved five requests to open Islamic banks in the country, including a CIH Bank proposal, on Jan. 3. (Reporting by Alexander Cornwell; Editing by Andrew Torchia)
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06282017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 10:15 am: IT Minister Ravi Shankar Prasad at an event in New Delhi. 11:00 am: Junior Finance Minister Arjun Ram Meghwal at an event in New Delhi. 11:00 am: Earth Sciences Minister Harsh Vardh