Leading News Source For Middle East
The International Islamic Liquidity Management Corporation which has its headquarters in Kuala Lumpur but supported massively by banks in Asia and the Middle East will be issuing its first sukuk within a few months with an Islamic principle called al-Ijarah Read more
Al Jabbar Internet group is having talks with companies interested in possessing stakes or assets in the group. The chairman and CEO of the group, Samih Toukan, said interest has been building up within and outside the Middle East but Read more
Palestine efforts of statehood at the United Nations have been dealt another blow. Although this time around, Abbas has decided that they will opt for a status upgrade that would make it a “non-member state” like the Vatican, instead of Read more
Merging talks are at an advanced stage between Ithmaar Bank, Bahrain’s sixth-largest bank by market capitalization, and First Leasing Bank, the Islamic lender. The proposed merger has already been given the nod by both banks but their shareholders will have Read more
Washington is facing an acute dilemma as the threat posed by al-Qaeda in the Islamic Maghreb (AQIM) to the entire region and to the whole world is growing: should it help the countries of the region confront the group or Read more
Saudi Arabia’s national carrier, Nasair, has entered into a code sharing deal with the Etihad Airways in destinations especially across the MENA. The deal covers 26 destinations and awaits the approval of regulatory officials. It will enable the Etihad Airways Read more
Oman Reinsurance Company is planning for an initial public offering estimated to be around RO10 million within two years as it tries to abide by regulatory requirements. The company, the first and only re-insurance firm in Oman, is being obliged Read more
Iraq’s Deputy Prime Minister for Energy, Hussain al-Shahristani, revealed the investment plans of the country to British businessmen during an investment conference in a bid to lure them into investing in the country as they struggle to rebuild from what Read more
A memorandum of understanding to develop aircraft financing and leasing opportunities of mutual benefit in the Middle East market has been signed between the National Bank of Abu Dhabi (NBAD) and aircraft manufacturer, Boeing. The agreement can boost investment for Read more
As internal conflicts between tribes and militant of different camps threaten Libya’s stability raising doubts over the level of security, the government is busy in the markets trying to buy white sugar as stocks have increasingly depleted. The country’s importation Read more