Halal Tamweel

SINGAPORE: Brent crude stayed above $110 on Wednesday, holding onto its previous session gains, as Iran's escalating tensions with the West and an agreement by euro zone ministers to ramp up the firepower of their bailout fund helped support prices.

TOKYO: Asian shares fell and the euro trimmed gains on Wednesday as caution set in over the chance for more progress in resolving euro zone debt woes after officials agreed to strengthen a rescue fund and seek more aid from the International Monetary Fund.

DUBAI: Dubai Islamic Bank (DIB) and its unit Tamweel, plans to conduct fixed income roadshows in Asia, Europe and the United Arab Emirates and a potential bond issue guaranteed by the bank may follow, DIB said on Wednesday.

KARACHI: Commuters in Sindh region suffered on Wednesday morning due to CNG stations closure as the supply was halted from 11 pm from Tuesday night.

KARACHI: Pakistan cotton prices moved upward on Tuesday and moderate trading session was witnessed.

KARACHI: The Pakistani rupee's slide continued for a third day on Wednesday, with increased import payments, negative sentiment about regional currencies and a bleak outlook for the country's economy driving it to a record low of 88.45 to the dollar.

NEW DELHI: India's economy grew at its weakest pace in more than two years in the quarter that ended in September, revealing the heavy toll that stubbornly high inflation, rising interest rates and crisis-hit global capital markets are having on Asia's third-biggest economy.

BEIJING: Chinese cotton importers are refraining from booking shipments before April because of uncertainty over the timing and volume of sliding-tariff quotas for 2012, according to a report on an industry web site on Wednesday.

PESHAWAR: Chairman, All Pakistan Textile Mills Association (APTMA) Mohsin Aziz has expressed his deep sense of sorrow on the loss of precious lives of the defenders of the borders of Pakistan in the NATO attack.

ISLAMABAD: The Tax Reform Core Group, in its two-day meeting with the Federal Board of Revenue officials concluded here today, has expressed its extreme reservation over frequent extensions being granted by the Board in filing of Income Tax (IT) and Sales Tax (ST) returns.

SINGAPORE: U.S. wheat slid on Wednesday amid a broad-based weakness in the commodity markets following a near 4 percent rally in the last session, its biggest one-day gain in more than a month.

KARACHI: Businessmen both across the border welcomed Pakistan's decision to grant India Most Favored Nation (MFN) status which would definitely work well. But at the same time what are the chances that it would really work in highly political environment between arch rivals?