Updated hourlyHourly refreshSun, Oct 25, 2026
Education · Sustainability
LSEG, in collaboration with the Islamic Corporation for the Development of the Private Sector (ICD) (www.ICD-ps.org), the private sector arm of the Islamic Development Bank (IsDB) Group, today announced the results of the 2026 edition of the Islamic Finance Development Report at the Kuala Lumpur Islamic Finance Forum (KLIFF) in Malaysia.
Key findings of the report include:
The global Islamic finance industry maintained a strong growth trajectory in 2025, with total assets reaching US$6.5 trillion, up 9% year-on-year. Growth was supported by the continued expansion in Islamic banking, record sukuk issuance, strong Islamic fund performance, and new regulatory frameworks.
Malaysia, Saudi Arabia, the United Arab Emirates, Indonesia, and Pakistan retained their positions as the world's most developed Islamic finance markets. These countries continued to benefit from comprehensive regulation, strong institutional development, active financial markets, and well-established knowledge ecosystems.
Several markets recorded notable gains in performance, including Türkiye, Tanzania, Kenya, Benin, Azerbaijan, and Uzbekistan, highlighting the growing momentum across both established and emerging Islamic finance markets.
The report also identified several structural trends that are shaping the industry’s development. Regulatory reforms and stronger market infrastructure are supporting growth beyond core markets, particularly across Africa and Central Asia. Sustainability guidelines are increasingly prioritised, although activity remains concentrated in developed markets. Digitalisation is also advancing, with FinTech, open banking, and tokenised sukuk influencing financing, issuance, and settlement while widening access to financial products. However, talent development is lagging industry expansion, emphasising the need for stronger specialist education.
Khalid Khalafalla, Acting Chief Executive Officer of ICD, said: “For ICD, these developments reinforce the importance of ensuring that Islamic finance serves as a practical instrument for inclusive and sustainable economic transformation. ICD remains committed to advancing private-sector development across its member countries through targeted financing and the promotion of Islamic financial solutions.”
Mustafa Adil, Head of Islamic Finance, LSEG, added: “Looking ahead, global Islamic finance assets are projected to exceed US$10.5 trillion by 2030, supported by continued Islamic banking expansion, growing sukuk issuance momentum, emerging-market adoption and demand for sustainable and digital financial solutions.”
The report draws on the Islamic Finance Development Indicator (IFDI), a global benchmark that assesses the development of the Islamic finance industry across 140 countries through five key areas, Financial Performance, Governance, Sustainability, Awareness, and Knowledge. It provides a holistic view of the global Islamic finance landscape, measuring progress in alignment with Islamic principles and supporting stakeholders in identifying opportunities for growth and reform.
Read full report: Link (https://apo-opa.co/3TTw9yq)
Distributed by APO Group on behalf of Islamic Corporation for the Development of the Private Sector (ICD).
Note to Editors:
Tarek Fleihan / Connor Tree
+44 (0)20 7797 1222
newsroom@lseg.com
Media Contact: icd.communication@isdb.org
About LSEG:
Through our open ecosystem of markets infrastructure and data solutions, we partner with our customers at every stage of trading – to make accessing and deploying capital simpler, faster and more effective.
Our insights bring clarity to complexity, and our critical services ensure resilience and stability. We enable our customers to act with confidence and conviction, with trust and integrity at the heart of everything we do.
Backed by more than three centuries of experience, we are at the forefront of change and market innovation. Our exceptional people collaborate across borders and disciplines, delivering excellence and putting our customers first. We reimagine the way our industry works and operates – and with our deep expertise, global scale and trusted partnerships, we turn ideas into reality.
From scaling new technologies to shaping new markets, LSEG is driving the transformation of global finance. We move the financial system forward every day – to make more possible for our customers.
LSEG. Make more possible.
About ICD:
www.ICD-ps.org and follow ICD on X (@icd_ps), LinkedIn (@icdps), Facebook (@icdps), and YouTube (@icdps).
Oct 21 · 11:43·APO Group
Healthcare
The President, Dr Patrick Herminie has been admitted to the Seychelles Hospital for observation.
His condition is stable as more medical tests are being undertaken.
Healthcare professionals are currently ensuring the President is receiving appropriate care.
The President thanks the people of Seychelles for their thoughts and prayers.
The public is kindly asked to rely on official State House communications for accurate information.
Distributed by APO Group on behalf of State House Seychelles.
Oct 21 · 11:42·APO Group
AI
Enterprise customers pay only for candidates they choose to unlock, while a self-service Lite option brings agent-led recruiting to smaller teams REDWOOD CITY, Calif., Oct. 21, 2026 -- Findem today announced ReadySlate, AI recruiting agents that turn job requirements...
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Oct 21 · 11:39·Google
In the wire
The Youth Employment Agency (YEA) of Ghana has recruited 100,628 beneficiaries as of September 30, 2026, representing 75.7% of its annual target of 133,000, Chief Executive Officer Malik Basintale has announced. Speaking at the Government Accountability Series at Jubilee House today, Wednesday, October 21, Mr Basintale said the Agency had achieved more than three-quarters […]
Oct 21 · 11:38·Africa Publicity
Crypto · AI
Cassava Technologies (www.CassavaTechnologies.com), a global technology leader, has announced the expansion of its AI Factory capabilities with NVIDIA Nemotron open models, helping enterprises and service providers to grow and innovate with AI more effectively and affordably.
Cassava is deploying NVIDIA Nemotron (https://apo-opa.co/4dRrqnx) models as a locally hosted, managed inference service through the Cassava AI Multi-Model Exchange (CAIMEx) (https://apo-opa.co/4i0dw5a). By making open models available as APIs on Cassava’s AI Factory, CAIMEx gives enterprises greater flexibility to choose the right mix of models for their applications without having to build and operate their own model-serving infrastructure.
“Expanding our AI Factory across our markets is about creating the capacity and economics needed for businesses to build and deploy AI solutions at scale. By bringing NVIDIA Nemotron into CAIMEx, improving the efficiency of every GPU cycle and introducing flexible token offerings, we are giving enterprises and service providers more choice in how they access and deliver these capabilities to their customers,” said Ahmed El Beheiry, Group Chief Technology & AI Officer, Cassava Technologies.
NVIDIA Nemotron brings efficient reasoning and tool-use capabilities to CAIMEx, helping customers build AI agents that can work through complex tasks and interact with business tools. Its open model weights, training data and recipes also give developers a customizable foundation that they can fine-tune to build specialised agents tailored to their applications.
As businesses mature and the AI agents take on longer-running tasks and access business systems, security and guardrails become critical requirements. These need to be built into the infrastructure, and Cassava is using NVIDIA OpenShell to bring model compute, governed agent execution and independent security enforcement together for customers’ agentic workloads to its AI Factory.
The CAIMEx Token Optimiser is designed to improve the economics of generative and agentic AI by identifying information that has already been processed and, where appropriate, reusing it rather than processing the same content again. This reduces computing requirements and helps customers use their AI tokens more efficiently. The approach applies to both Cassava-hosted and third-party AI models, helping enterprises reduce unnecessary processing as their AI usage scales.
The expansion is the latest step in Cassava’s development of an integrated AI ecosystem, giving businesses access to locally hosted infrastructure, models, and services, fostering trust and confidence in data security and control while supporting their growth.
Distributed by APO Group on behalf of Cassava Technologies.
NVIDIA Press Announcement: https://apo-opa.co/4zBBERe
About Cassava Technologies:
https://www.CassavaTechnologies.com
Oct 21 · 11:30·APO Group
Finance
Abbott Reports Third-Quarter 2026 Results and Reaffirms Full-Year EPS Guidance Photos(1) Third-quarter reported sales growth of 14.5 percent; comparable sales growth of 7.0 percent Third-quarter GAAP diluted EPS of $0.53; adjusted diluted EPS of $1.42 Expands portfolio with key new product approvals , / PRNewswire / -- Abbott (NYSE: ABT) today announced financial results for the third quarter ended Sept. 30, 2026. Th
Oct 21 · 11:30·Abbott
In the wire
ASUS today announced that the all-new ASUS systems built on NVIDIA HGX Rubin NVL8 are ready to launch in Q4 2026, with both partial-rack and...
Oct 21 · 11:30·PR Newswire
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Oct 21 · 11:27·Express Press Release
In the wire
Separation will unlock potential of both companies to pursue distinct growth and value-creation strategies The new Nutrition company will be a global leader in the rapidly growing healthy nutrition market, with a portfolio of iconic, category-leading brands, including Similac, PediaSure, Pedialyte, Glucerna and Ensure Abbott will have accelerated sales growth and an expanded margin profile Abbott...
Oct 21 · 11:25·PR Newswire
Finance · AI
VARENNES, QUEBEC - October 21, 2026 - CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) (“CHARBONE” or the “Company”), a vertically integrated industrial gases company focused on production, distribution and storage of clean ultra-high purity (“UHP”) hydrogen and other strategic industrial gases, announces the addition of an industrial gas cylinder filling unit at its Sorel-Tracy site.
This new activity aims to support revenue growth, broaden the commercial offering and develop the Company's customer base in Quebec and other Canadian regions.
Specifically, this unit will allow CHARBONE to fill hydrogen and helium cylinders directly from the onset at its Sorel-Tracy site, with the ability to expand to other industrial gases and specialized mixtures in the future. These cylinders, also known as gas cylinders, are used to store, transport, and supply the gases required for various customer applications. CHARBONE will thus directly manage this step in preparing the products for its customers.
This new activity represents a further step in the development of CHARBONE's integrated platform. It aims to expand the markets accessible to the Company and generate new revenue opportunities through an offering tailored to the needs of industrial, commercial, and institutional clients.
A new lever for business development
The filling unit will primarily serve the Quebec market, while also supporting CHARBONE's business development elsewhere in Canada. Target customers include private companies and distribution partners, including independent distributors. The offering will also address supply needs related to certain government contracts and the defense sector.
By adding cylinder filling to the activities of its Sorel-Tracy site, CHARBONE is internalizing a step previously sources externally, which is expected to support margin improvement and enhance control over product quality and delivery timelines. This enables the Company to expand the services offered to its customers, develop new business relationships and strengthen its position in industrial gases.
Dave Gagnon, President and CEO of CHARBONE, declares: “Our goal is to make Sorel-Tracy a growth engine for CHARBONE. By handling the filling of helium cylinders ourselves, and later industrial gases and specialty mixtures, we are expanding our offering and opening up new opportunities to grow our revenue with a diverse clientele. We are building a Canadian industrial gas group with the ambition of becoming a leading supplier for companies seeking to source their gases from a Canadian partner, reliably. Our priority is to develop lasting relationships with our customers and translate this business expansion into long-term value creation for our shareholders.”
Expanding Market Presence Across Quebec and CanadaThis initiative further develops CHARBONE beyond hydrogen production, expanding the activities and services offered within its industrial gas platform. Helium, in particular, represents a high-demand industrial gas with constrained supply, making direct cylinder filling a strategically important capability for CHARBONE’s customers across sectors like semiconductors, aerospace and defense, and advanced manufacturing. The Company intends to leverage this new unit to increase its presence in Quebec and develop business opportunities with Canadian buyers seeking a long-term supply partner.
CHARBONE to Present at the Emerging Growth Conference
The Company has been invited to present at the upcoming Emerging Growth Conference, a live, interactive online event giving individual and institutional investors, advisors, and analysts the opportunity to receive a brief recap of recent achievements and path forward from CHARBONE’s CFO and Corporate Secretary, Benoit Veilleux.
Date: Thursday, October 29, 2026
Time: 3:10 PM ET
Register: https://goto.webcasts.com/starthere.jsp?ei=1772210&tp_key=8ae90219a3&sti=ch
About CHARBONE CORPORATION
CHARBONE is a vertically integrated industrial gases company focused on developing and operating a network of supply hubs for the production, storage, and distribution of Ultra-High Purity (UHP) strategic industrial gases. The Company serves customers across sectors including semiconductors, artificial intelligence and data centers, advanced pharmaceuticals, and aerospace and defense technologies, where UHP gases are critical for high-precision manufacturing processes and operational performance. CHARBONE is advancing a network of clean UHP hydrogen production plants across North America and selected international markets. The Company’s modular, decentralized, and demand-driven approach, combined with its integrated storage and distribution platform for all UHP gases, supports scalable growth, enhances operational flexibility, and enables more stable and diversified revenue generation. This model allows CHARBONE to efficiently serve mid-tier industrial gas customers with a reliable supply of UHP gases, including hydrogen, helium, oxygen, and any other high-demand gases that are often difficult to source reliably at the regional level. The Company is committed to supporting the global transition to a lower-carbon economy by providing accessible, decentralized clean hydrogen and specialty gases, while addressing supply gaps for underserved industrial customers and accelerating the shift towards localized clean energy. CHARBONE is listed on the TSX Venture Exchange (TSXV: CH), the OTC Markets (OTCQB: CHHYF), and the Frankfurt Stock Exchange (FSE: K47). For more information, please visit: www.charbone.com.
Forward-Looking Statements
This news release contains statements that are “forward-looking information” as defined under Canadian securities laws (“forward-looking statements”). These forward-looking statements are often identified by words such as “intends”, “anticipates”, “expects”, “believes”, “plans”, “likely”, or similar words. The forward-looking statements reflect management's expectations, estimates, or projections concerning future results or events, based on the opinions, assumptions and estimates considered reasonable by management at the date the statements are made. Although Charbone believes that the expectations reflected in the forward-looking statements are reasonable, forward-looking statements involve risks and uncertainties, and undue reliance should not be placed on forward-looking statements, as unknown or unpredictable factors could cause actual results to be materially different from those reflected in the forward-looking statements. The forward-looking statements may be affected by risks and uncertainties in the business of Charbone. These risks, uncertainties and assumptions include, but are not limited to, those described under “Risk Factors” in the Corporation’s Filing Statement dated March 31, 2022, which is available on SEDAR+ at www.sedarplus.ca; they could cause actual events or results to differ materially from those projected in any forward-looking statements.
Except as required under applicable securities legislation, Charbone undertakes no obligation to publicly update or revise forward-looking information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact Charbone Corporation
Telephone: +1 450 678 7171
Email: ir@charbone.com
Benoit Veilleux
CFO and Corporate Secretary
Oct 21 · 11:25·NewMediaWire