IAFC to raise $400 mln Islamic loan for aircraft financing - statement

DUBAI, May 24 - International AirFinance Corporation (IAFC) has picked two banks to arrange a $400 million Islamic loan to finance the provision of five aircraft, one of the arrangers of the facility said on Sunday.

5:30pm IST

Swedish policy impasse raises fears of runaway housing market

STOCKHOLM, May 24 - With the latest effort by Sweden to cool its housing market postponed by a court, concerns are escalating that political stagnation, a faulty institutional set-up and high household debt risks sending the triple A economy into a tailspin.

4:30pm IST

Oman's Bank Sohar launches $250 mln 3-yr debut loan - statement

DUBAI, May 24 - Oman's Bank Sohar has invited banks to participate in a $250 million debut loan to fund its general business activities, with the marketing of the deal expected to close by end of June, the arranger of the facility said on Sunday.

4:28pm IST

INSIGHT-Funds feel heat of coal and tar divestment drive

LONDON, May 24 - For Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning.

4:00pm IST

Egyptian pound steady at official auction, weaker on black market

CAIRO, May 24 - Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Sunday, while the currency weakened on the black market.

3:52pm IST
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Fall-off in Indian weddings bodes ill for jewellers, gold

MUMBAI - Fewer auspicious days later this year compelled Ramesh Phalke, an auto company employee in Maharashtra, to hold his daughter's wedding in May. This bride was lucky because many other weddings will likely be postponed - to the dismay of the country's jewellers.