Leading News Source For Middle East
The Organization of Islamic Cooperation (OIC) has strongly condemned the intrusion by some fanatic Jewish settlers into the Al-Aqsa Mosque and its esplanades under the watch of the Israeli forces. “It is an aggression against the Islamic Ummah”, says the Read more
As protesters and riot police clash in Tehran over the sharp falls of the country’s currency, the EU is getting ready to implement a ban on Iranian gas imports into Europe, diplomatic sources hinted. Iran’s refusal to halt its nuclear Read more
King Abdullah II has called for new elections on the eve of a planned opposition demonstration demanding reforms. The king’s royal decree is considered as an anticipation to the rally baptized by the Muslim Brotherhood as “Friday to Rescue the Read more
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