BREAKING NEWS

Dubai seeks to be center for Islamic business

By REUTERS

OCTOBER 5, 2013 16:57

DUBAI - Dubai unveiled plans on Saturday to become a center for business that follows Islamic principles in areas from banking and insurance to food processing, tourism and education.

With a freewheeling commercial culture and a diverse population with cosmopolitan lifestyles, the booming emirate of 2.1 million people is not known for its Islamic scholarship.

But in the past few decades, Dubai has used its international ties to become the Gulf's main center for finance, trade and travel. Officials said they would now focus on business related to the religious beliefs of the world's 1.6 billion Muslims.

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