{
}
The global Islamic finance industry grew by 14.9% in 2024, reaching US$3.88 trillion in total assets, with significant contributions from Islamic banking, sukuk, and takaful. The sector is expanding into non-traditional markets, driven by fintech innovations and a positive outlook for growth, particularly in emerging economies. Projections indicate the Islamic fintech sector will exceed US$300 billion by 2027, with strong growth anticipated in sukuk and Islamic banking.
Amazon Web Services (AWS) has launched its first cloud region in Taiwan, the Asia-Pacific (Taipei) Region (ap-east-2), featuring three availability zones. This expansion enhances AWS's global network to 117 availability zones across 37 regions, supporting sectors like education, healthcare, and finance while addressing local data residency needs.The $5 billion investment reflects Taiwan's strategic position in global tech, particularly in semiconductor production, and is expected to drive digital transformation across various industries. As the cloud services market rapidly grows, AWS aims to maintain its 31% global market share against competitors like Microsoft Azure and Google Cloud.
[Source]
Transamerica Life Bermuda has received regulatory approval from the Dubai Financial Services Authority to operate in the Dubai International Financial Centre, enhancing its presence in the Middle East. This move allows the insurer, which specializes in life insurance for high-net-worth individuals, to tap into a growing financial ecosystem that includes over 125 insurance entities. Adnan Ladki has been appointed as Head of DIFC operations to spearhead regional engagement and expansion efforts.
Kaspersky has identified GriffithRAT, a sophisticated malware targeting the global fintech sector, with confirmed victims in the UAE, Egypt, Türkiye, and South Africa. Distributed via Skype and Telegram as deceptive financial documents, it enables attackers to extract sensitive information, including login credentials and keystrokes.This malware is linked to cyber mercenary activities, highlighting the increasing professionalism and commercialization of cyber threats. Kaspersky advises users to exercise caution when downloading files and to enhance their cybersecurity awareness through training and strong authentication measures.
South African startup Regenize, focused on enhancing recycling accessibility, has secured funding from E Squared Investments, marking the latter's first venture philanthropy transaction. The investment will expand Regenize's network of decentralized recycling hubs, providing free services to over 26,000 households and creating more than 180 jobs. E Squared aims to pioneer innovative financing models that support social enterprises while addressing societal challenges.
VinFast, the electric vehicle unit of Vietnam's Vingroup, is set to open bookings in India this June, targeting a launch of its VF7 and VF6 models before the festival season. The company aims to ramp up annual production to 150,000 EVs, with plans to export to the Middle East and Africa, and is looking to hire up to 3,500 local employees.
Apple's iPhone 16 became the world's best-selling smartphone in Q1 2025, with the iPhone 15 also outperforming many new Android models. Strong sales were noted in Japan and the Middle East, while the iPhone 16e debuted at sixth place. Samsung's Galaxy S25 Ultra and budget models like the Galaxy A16 5G performed well, but local brands like Huawei gained ground in China.
The chemical industry, heavily reliant on fossil feedstocks, contributes significantly to global CO2 emissions and environmental pollution. Transitioning to a circular economy, which emphasizes sustainability through resource efficiency and waste minimization, faces hurdles such as high production costs and consumer skepticism towards green claims. To foster acceptance, a multi-faceted approach involving public engagement, education, transparency, and financial incentives is essential for promoting circular chemical products.
Elon Musk announced he will focus more on his companies, including X, xAI, Tesla, and SpaceX, following a two-hour outage of the social media platform X. He acknowledged the need for operational improvements and confirmed a reduced role in government, spending only one or two days a week on political matters. Musk's shift comes amid challenges in his political efforts and a commitment to critical technology rollouts, including the upcoming Starship launch.
ZAF
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
global islamic finance assets reach 3.9 trillion with strong growth in 2024
TZA
QAT
SAU
IRQ
BHR
IDN
GHA
ARE
KEN
UGA
DZA
ZAF
ZMB
ETH
MYS
LBN
ZWE
EGY
PSE
MAR
CHN
IND
SYR
JOR
OMN
BGD
TUN
KWT
NGA
PAK
Show more
05:00 09.06.2025
AWS launches first cloud region in Taiwan to boost digital transformation
08:12 06.06.2025
coinflip explores potential sale amid regulatory challenges and market recovery
07:40 06.06.2025
transamerica life bermuda gains regulatory approval to operate in dubai financial centre
13:13 04.06.2025
kaspersky reveals sophisticated malware targeting global fintech sector and traders
05:10 03.06.2025
Regenize secures funding to enhance recycling accessibility in South Africa
11:00 02.06.2025
VinFast to launch EV bookings in India aiming for 150000 annual production
17:07 01.06.2025
iPhone 16 tops global smartphone sales as iPhone 15 outperforms Android rivals
10:20 30.05.2025
bridging the gap towards a sustainable circular chemical economy
09:43 30.05.2025
Elon Musk Shifts Focus Back to Companies After X Outage
04:14 25.05.2025
Trending
Subcategory
Venture Capital Investments
Corporate News
Industry Trends
Emerging Startups
Fintech Startups
AI Innovations
Funding Rounds & Investments
Retail and Consumer Goods
Economic Indicators
AI Applications
IPOs & SPACs
Cryptocurrency Trends
Real Estate Investments
Data Privacy Laws
Product Launches
Startups & Entrepreneurship
Private Equity Deals
Government Economic Policies
Renewable Energy
Sustainability Initiatives
Countries:
Companies:
Currencies:
People: