The star fund managers on the move December 10, 2013 IT’S BEEN a turbulent year at the top of the fund management industry. In addition to the departure of Neil Woodford from Invesco Perpetual next April, flagship funds at Fidelity, Schroders, Jupiter and M&G have all seen changes of personnel. In Schroders’s case, the departure of Richard Buxton in March led to a reported £1.5bn [...]
Inside Africa’s megacity: God, oil, and traffic chaos in Lagos November 29, 2013 From the Nollywood film industry to shanty-dwellers with a line in tech imports, Nigeria’s biggest city reveals its secrets to Alex Dymoke NO ONE knows quite how many people live in Lagos. Nigeria’s 2006 census put the official figure at just under 8m. The UN estimated the number for 2011 at 11.2m. Others say it’s [...]
Management: Meet national culture November 20, 2013 A new book argues that cultural values can make or break a corporate strategy AMERICA has long been seen as a graveyard for British retailers. In 2001, Marks & Spencer sold its Brooks Brothers US chain for a third of the price it paid for it. Sainsbury’s bailed out of its Shaw’s business in 2004. [...]
Microfinance can drive growth but hurdles remain October 30, 2013 SOCIAL enterprises in the Islamic world are playing an important role in driving improvements in living standards – particularly for hitherto marginalised groups. Jita, for instance, a Bangladeshi social enterprise, provides a sustainable source of income for over 4,000 women in rural villages. Supplied by 150 local distribution hubs, these “Avon ladies of Bangladesh” go [...]
How we can support genuine diversity in Islamic business and unlock its huge potential October 30, 2013 THE WORLD Islamic Economic Forum is in London – the first time it’s being held outside an Islamic country. This is a great opportunity to explore how Muslim and non-Muslim countries can work together to ensure our world is a happier and more prosperous place. I will be speaking at the Forum today about my [...]
Promoting cultural connections through the camera lens October 30, 2013 FOR ABDUL-REHMAN Malik, organiser of the International Film Showcase, running this week at the World Islamic Economic Forum, cinema is an ideal medium for bridging the gap between East and West. “Many of the films explore what it means to be a Muslim in the modern world,” he says. “How does a strong cultural identity [...]
Boris unveils £100m Islamic startup fund October 30, 2013 BORIS Johnson unveiled plans for a £100m Islamic entrepreneur fund in his speech at the World Islamic Economic Forum yesterday. The fund, still under discussion, would involve contributions from the UK and foreign governments, and would encourage tech startups from the Islamic world to expand into the UK. Jeremy Green of Quantum Capital Partners, who [...]
UK universities drive development abroad October 30, 2013 HIGHER education is one of the UK’s strongest industries. In 2008-09, the Department for Business estimated that Britain’s education exports were worth about £15bn. But it’s no longer just about foreign students coming to Britain. A study by the Observatory on Borderless Higher Education showed that the number of overseas university branch campuses had reached [...]
Health deal brings Malaysian tech to UK autopsies October 30, 2013 THE UK’S first network of digital autopsy centres was launched yesterday, in a £50m deal between Malaysian medical informatics company iGene and UK coroner services. The first of 18 centres, a £3m facility based in Sheffield’s Medico-Legal Centre, will be completed in November. The launch was attended by Malaysian Prime Minister Najib Razak and trade [...]
WIEF 2013 today October 30, 2013 Special Keynote Address ■ 9.45am to 10am ■ Tun Abdullah Hj Ahmad Badawi, former Prime Minister of Malaysia Promoting Transnational Education ■ 10am to 11.30am ■ Professor Sultan T Abu-Orabi, secretary general, Association of Arab Universities, Jordan ■ Ali Aslan Gumusay, doctoral scholar, University of Oxford ■ Datuk Dr Ir Zaini Ujang, secretary general II, [...]