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Economy 13 Jul 2017 | 11:10 PM

Malaysia shelves US$2bil plan to buy new fighter jets

KUALA LUMPUR: Malaysia has put on hold a $2 billion (£1.5 billion) plan to replace its ageing fleet of combat aircraft, looking instead to upgrade its aerial surveillance capabilities to confront the growing threat of militancy inspired by the Islamic State group, a source with knowledge of the matter said.

Corporate News 29 Jun 2016 | 7:30 AM

MAHB slides after Istanbul airport attack

KUALA LUMPUR: Shares of Malaysia Airports Holdings Bhd (MAHB) fell to an intra-day low of RM6.05 on Wednesday on news about the Turkey airport shooting where suspected Islamic State bombers killed 36 people on Tuesday.

Business 20 Aug 2016 | 12:00 AM

Balance – a plate of nasi lemak in each hand

AN interesting article in this paper last week said that some Islamic State (IS) fighters in Syria originally from Malaysia and Indonesia were increasingly finding the allure of martyrdom and glory mundane beside the far tastier allure of nasi lemak and sambal.

Business 16 Oct 2012 | 12:00 AM

Islamic finance struggles toward mainstream in Azerbaijan

BAKU/TBILISI: When a businessman in Muslim-majority Azerbaijan wanted a bank loan that complied with Islamic principles, until a few years ago he had to negotiate it under the table.

Corporate News 14 Dec 2015 | 11:15 PM

Malaysia among 34-state Islamic military alliance against terrorism

DUBAI: Saudi Arabia on Tuesday announced the formation of a 34-state Islamic military coalition to combat terrorism, according to a joint statement published on state news agency SPA. Malaysia, Pakistan and Gulf Arab and African states were mentioned.

Business 13 Jul 2005 | 12:00 AM

Islamic banking thriving in London

WHILE the bombers in London remain faceless, should their motivation by some measures be religious, the perpetrators couldn't have chosen a worst target.

Corporate News 28 Aug 2017 | 3:14 AM

Braving security fears, Chinese seek 'Silk Road' riches in Pakistan

LAHORE, Pakistan/SHANGHAI (Reuters) - Zhang Yang, a businessman from Chongqing in southwest China, is searching online forums for fellow stout-hearted entrepreneurs willing to cast aside security concerns and join him on a scouting mission to Pakistan.

Business 16 Oct 2012 | 12:00 AM

From guns to laptops,Philippine peace faces arduous road

SULTAN KUDARAT, Philippines: At a nondescript two-storey building in the town of Sultan Kudarat, the future of the Philippines' strife-torn southern region of Mindanao is taking shape, one accountancy class at a time.

Business 06 Jan 2012 | 12:00 AM

Analysis - Iran sanctions push is test for West diplomacy

LONDON/WASHINGTON (Reuters) - A plunging rial. A ransacked embassy. A flurry of war games. Evidence abounds of the unprecedented pressure on Iran wrought by a sharp escalation in sanctions intended to compel the Islamic Republic to rein in its nuclear programme.

Business 30 Jan 2012 | 12:00 AM

Iran vows to stop "some" oil sales as inspectors visit

TEHRAN (Reuters) - Iran sent conflicting signals in a dispute with the West over its nuclear ambitions, vowing to stop oil exports soon to "some" countries but postponing a parliamentary debate on a proposed halt to crude sales to the European Union.