The finance sector has never been more in the news, as the global credit crisis sweeps around the world. DIFC Week in Dubai gathers together industry leaders to discuss the future of the sector, how this region can minimise the impact of the financial downturn, how traditional and family-run businesses can help growth and the role of women in the Middle East finance industry.

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Air Arabia announces Bagdhdad route, shares take a break

United Arab Emirates: 41 minutes ago
A lackluster Dubai market slipped 0.48% to 1,888 Tuesday. The MENA region's first budget carrier Air Arabia fell 0.86% to Dhs0.922. Earlier in the day, the Sharjah-based airliner said it will add on March 10 non-stop services to Baghdad (flight G90361). This will be Air Arabia's fourth destination in Iraq, and 83rd worldwide. Emaar Properties ended off 1.20% at Dhs4.94). Islamic bank Ajmanbank gained the most (up 4.70% at Dhs1.56), while the UAE's first lender Emirates NBD hit the bottom of the charts (down 2.11% at Dhs3.72).

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Five steps to creating a Shariah-compliant portfolio

Middle East: Friday, June 15 - 2012 at 08:57
According to The Banker's 2012 report on the Top 500 Islamic Financial Institutions, "Shariah-compliant assets rose by 21.41% from $894bn in 2010 to $1,086bn in 2011" and "Islamic finance has held a compound annual growth rate of 18.82% from 2006 to 2011." It has been performing extremely well since its creation 40 years ago, and its expansion has accelerated in the past few years, within emerging economies around the world but also in non-Muslim majority regions like Europe.