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Lebanon has begun to raise eyebrows over the state of its economy and financial market. Investment has been on the decline and the U.S financial regulations have also taken a toll on the country. The President Choukeir of the Chamber Read more
Qatar has come to the aid of the Palestinians with a multimillion dollar package to revive the economy which has shrunk for the first time in 10 years. Public services have been shut off and salaries have been unpaid for Read more
State owned Oman Development Bank (ODB) could be opening an Islamic window rather than becoming an Islamic bank, according to the Assistant General Manager for branches of the bank, Hamed bin Salim Al Harthy. Oman has been the slowest country Read more
Dubai is bracing for the first “Global Islamic Economy Summit” to be held from the 25th to the 26th of November 2013. The summit will be first of its kind in the Islamic World, which has an estimated consumer base Read more
Barely a week after the reassurance of investors by Prime Minister Erdogan with regards to their capital’s safety in Turkey, Finance Minister Mehmet Simsek has stated that the economic growth will be downgraded due to decisions made in the United Read more
One of the world’s largest banks, Citigroup Incorporation, has embarked on a strategy aimed at boosting its private bank business by betting on firms owned by rich families from the Middle East. The bank’s family office unit, which was opened Read more
Al Baraka Bank of Bahrain has a five-year expansion plan to increase the scope of its global network especially in Africa, and putting more emphasis on Libya and Morocco. The bank is an Islamic lender bank present in the Middle Read more
The Egyptian government is knocking on the door of the Arab Monetary Fund (AMF) for a lesser financial support to save its economy compared to the International Monetary Fund’s (IMF) loan. Finance Minister Morsy Hegaz said negotiations are going on Read more
For the past few weeks speculations are being made about Qatar’s investment in different sectors most of which have turned out to be untrue. Qatar was said to be making a bid for Arsenal although this was immediately denied by Read more
The deputy director general of Kuwait Fund for Arab Economic Development, Ghouneimane El Ghanem, is on a working visit to Mauritania where he met with Prime Minister Dr. Mohamed Ould Moulaye Laghdaf. EL Ghanem said his visit is in line Read more