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Oman took a major step towards making Islamic Baking an important part of its banking sector with the inauguration of a department dedicated to overseeing Islamic banking at the Central Bank on Thursday. Oman was the last country among the Read more
The Lebanese cabinet held a meeting on Thursday after almost a month of suspension, but again the meeting ended in a dispute over the agenda. One of the major stumbling blocks is the insistence of the Free Patriotic Movement (FPM) Read more
Prime Minister Thinni of the Tobruk-based government had announced that he is willing to reach an agreement with the Tripoli government in the interest of Libyans. Thinni was speaking in Malta where he is on a visit. The announcement has Read more
Sinai Province, an IS affiliated group in the Egypt Sinai Peninsular, killed Wednesday 17 Egyptian soldiers in a series of attacks against army check-points in the Sinai according to army sources. The Islamic State of Iraq and Syria branch in Read more
Kuwait’s budget for the new fiscal year that began on April 1 has a deficit of around 40% mainly due to lower estimates of oil prices. The huge deficit has raised eyebrows but it is believed that it will be Read more
A report monitored on British newspaper Telegraph has claimed that Washington is stopping its allies in the Middle East from giving weapons to Kurdish groups fighting against ISIL. The Arab states that are part of the U.S-led airstrike coalition campaign Read more
“We will uproot the state of the Jews (Israel) and you and Fatah, and all of the secularists… and you will be over-run by our creeping multitudes,” said a masked ISIS member in a message addressed to the “tyrants of Hamas,” according Read more
Negotiations between Iran and the so-called P5+1, which includes the US, UK, France, China and Russia plus Germany, will continue till 7 July after failing to reach an agreement before the expiration of the June 30 deadline. Hopes are high Read more
Houthis “rocket units” have launched Scud missile at the Al Sulayyil missile base in Riyadh province “as a response to the crimes of the brutal Saudi aggression,” Military spokesman Brigadier General Sharaf Luqman was quoted by the Yemeni state news agency Saba, under Houthi Read more
The tussle between the government and lawmakers over the 2015-2016 budget could soon be coming to an end after both sides agreed to make concessions. The parliament’s financial and economic affairs committee approved a revised edition of the budget on Read more