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KARACHI: Pakistan Petroleum Limited (PPL) has appointed Mr. Asim Murtaza Khan as new chief executive /Managing Director, informed a notice issued to the Karachi Stock Exchange on Wednesday.

DUBAI: Growth of the global Islamic asset management industry will likely halt or reverse this year as the industry struggles with poor sentiment in financial markets and lacklustre interest among Islamic institutional investors, said Jahangir Aka, senior executive officer at asset management firm SEI Investments.

DUBAI: Barclays Capital will focus on growing its liquidity management and risk management businesses as the Islamic bond market continues to struggle because of global economic worries, its head of Islamic products said.

CANBERA: Crescent Wealth, Australia's first Islamic wealth manager, have announced the launch of the nation's first Islamic Australian equity fund creating a new opportunity in the superannuation industry, and tapping the potential for Australians to access the $1.4 trillion global Islamic financial services market.