Bank of Ningxia to Spearhead Islamic Finance in China
08 Mar 2010: With encouragement from the China Banking Regulatory Commission (CBRC), Ningxia Hui Autonomous Region is set to take the lead in trialling Islamic financial services in China. If the pilot project is successful, policy makers hope that Islamic financialAbu Dhabi gives $10bn to Dubai
14 Dec 2009: Dubai's government has said it has received $10bn from Abu Dhabi to help it repay an Islamic bond and fund the troubled property developer Dubai World. The announcement on Monday came on the same day Nakheel, the property development unit of Dubai World,German woman banker admits transferring money from rich to help poorer clients
25 Nov 2009: In these financially troubled times, bankers tend not to score too highly on the scale of public admiration, with their bonuses, bailouts and bad loans. But today details emerged of a woman who may confound the popular view that everyone in the industryOverdraft charges: '8m more customers could claim their money back'
24 Nov 2009: New figures from the group show that, of around 12m people who have been hit with bank charges since July 2001, over three in five (63pc) have not asked for their money back. With the Supreme Court's ruling on the test case due on November 25, the banksIraqi Lawmakers Question Oil Deals
09 Nov 2009: Lawmakers from the Iraqi parliament's oil and gas committee on Sunday questioned the legality of petroleum-development deals signed last week with BP PLC, Exxon Mobil Corp. and other big oil companies. The opposition isn't likely to derail the agreement,Livestock exports to jump as Saudi ban lifted
09 Nov 2009: Somali livestock exports to the Gulf States are expected to double to one million animals this month after the Saudi government lifted a long-standing ban, traders and a company official said on Saturday. Saudi Arabia, formerly the biggest buyer of SomaliAbdullah Gul welcomes BRJ to Turkey
07 Nov 2009: JEDDAH: Turkish President Abdullah Gul recently received Mohammed Jameel, president of Abdul Latif Jameel Group and chief job creation officer of the Bab Rizq Jameel (BRJ), at the Presidential Palace in Ankara and commended BRJ’s efforts in fightingDahabshiil Debit Card Makes History in Somalia
02 Nov 2009: Somalia's first ever debit card system has been launched. Dahabshiil, the largest international money transfer business in the Horn of Africa, has launched an "eCash" service that will enable Somalis to pay for goods and services at participating vendors,France court quashes Islamic Finance measure
16 Oct 2009: France's highest constitutional authority on Wednesday struck down a provision of a new law that would have opened up French banking to Islamic finance. The National Assembly last month adopted the measure to allow Sharia-compliant financing despiteTory proposed saving will take five years longer
10 Oct 2009: George Osborne's reputation as a would-be Tory chancellor was unravelling tonight after his claim that he would save £13bn by raising the state pension age was challenged by the respected thinktank that provided the basis for his figures. The NationalThings you (probably) didn't know about your credit record
08 Oct 2009: The three credit reference agencies - Call Credit, Experian and Equifax - now hold an enormous amount of information about us, and any minor indiscretion will be used by lenders as an excuse to refuse a credit application. It is therefore vital to makeSaudi Arabia lifts two-year-old ban on cement product exports
08 Oct 2009: Riyadh: Saudi Arabia's Ministry of Commerce and Industry has lifted the two-year-old ban on exports of cement products. The ministry's decision allows manufacturers of various types of cement products, including cement blocks, hollow bricks and pipes, toThe Cash or Credit Conundrum
07 Oct 2009: Consumers rejoice. Floyd Norris has just penned a piece for the New York Times titled: “Rich and Poor Should Pay Same Price.” Mr. Norris said, it seems “absurd to have a system that requires people who do not use credit to subsidize those who do.Self-employment boost for graduates
05 Oct 2009: Graduates hoping to set up their own businesses will benefit from workshops provided by the Department of Business Innovation and Skills' Flying Start scheme. It aims to kindle the entrepreneurial spirit of 5,000 graduate jobseekers by allowing them toSaudi, Malaysia set up $2.5m investment fund
30 Sep 2009: Malaysia's government, which has struggled to attract foreign investment, and Saudi Arabia's PetroSaudi International have set up a fund to invest in the southeast Asian country in the first of a series of deals with rich countries Malaysia's PrimeGlencore, Trafigura, Vitol and Gunvor - multibillion pound "jobbers"
29 Sep 2009: With a combined capacity for 313,000 tonnes of oil, the Delta Ios and the NS Burgas supertankers were launched two months ago to criss-cross the globe in search of trade. Instead, the vast vessels were to be found yesterday lying idle off the coast ofslashnews
Mohamed Ali Samatar: Facing war crimes lawsuit in US
The case has divided courts. A federal judge in Alexandria ruled that even if the immunity law does not mention individuals, such protection is the "practical equivalent" of immunity offered to a state. The U.S. Court of Appeals for the 4th Circuit in
Malcolm X: Legacy lives on 45 years after his assassination
Forty-five years ago on Feb. 21, Malcolm X — El-Hajj Malik El-Shabazz — had begun his address to a mass meeting of the Organization of Afro-American Unity in New York City at the Audubon Ballroom when several men opened fire on him with shotguns and
Somali minister dies of 'graduation' bomb attack injury
Somalia's sports minister has died in a Saudi hospital weeks after he was critically wounded in a bomb attack at a medical graduation ceremony in Mogadishu. Saleban Olad Roble passed away on Friday in the Saudi capital, Riyadh, where he and other victims
Dubai to issue 11 warrants for Hamas killing
Dubai will issue arrest warrants for 11 foreign agents suspected of involvement in the the assassination of a top Hamas military commander in his hotel room in Dubai on Jan. 20, the police chief said on Monday. "We do not rule out Mossad, but when we
