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Kuwait Finance House Divests Sharjah Islamic Bank Stake for $351 Million
Kuwait Finance House has completed the sale of its entire stake in Sharjah Islamic Bank, fetching $351 million. This divestment marks a significant shift in the bank’s investment strategy, reflecting a broader trend of strategic asset reallocation in the Gulf banking sector. The sale involves a substantial block of shares, marking
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Salama Joins Digital Push for Wider Takaful Reach
Salama has partnered with digital insurance broker Policybazaar. ae to expand access to Life Takaful coverage in the UAE, aiming to bridge protection gaps through a fully Shariah-compliant digital platform. The move brings Salama’s suite of Takaful life insurance products to
Trump sets U.S. tax reform announcement, orders tax rule review | Reuters
By David Morgan | WASHINGTON WASHINGTON President Donald Trump on Friday promised a big announcement about tax reform next week and
Fed signals it could promptly start shedding bonds from portfolio this year
By Jonathan Spicer | NEW YORK NEW YORK The Federal Reserve could begin shrinking its $4.5-trillion balance sheet as soon as
