BLME Signs Murabaha Financing Agreement with Masthaven
Bank of London and The Middle East ("BLME"), the largest Islamic bank in Europe whose main shareholders are Boubyan…
Oil Price Rise Boosts Saudi Stock Exchange
Saudi shares opened higher on Saturday led by gains in petrochemical stocks after oil prices posted on Friday the…
Mubarak’s Medical Status Deteriorates
The health of Egypt’s ousted president Mohammed Hosni Mubarak has deteriorated significantly, Arab and Egyptian…
Samih Sawiris Loans ODH 75 Million Swiss Francs
Orascom Development Holding AG (ODHN), -the hotel and construction company- will get a direct loan of 75 million…
Tribal Clashes in Libya left 16 Dead
At least 16 people were killed on Saturday in new clashes between the Toubou people and Arab tribesmen in the…
World Islamic Finance Assets Reach $1.3 Trillion
Global Islamic financial assets rose 150% over five years registering $1.3 trillion in 2011, a report by UK Islamic…
Turkey to cut Iran Oil Imports By a Tenth
Turkey said on Friday it will cut imports of oil from Iran by a tenth, ceding to US pressure a week after…
Fresh Protests in Saudi Arabia
People in Saudi Arabia's oil-rich Eastern Province have staged fresh protest rallies, chanting slogans against…
Egyptian Gulf Bank Approves 2011 Financial Results
Egyptian Gulf Bank’s ordinary general assembly approved board of directors’ report on EGB’s performance in FY ended…
Indonesian Parliament Delays Fuel Price Rise Plan
Indonesia's parliament has voted to block the government's plan to raise fuel prices by more than 30 per cent by…
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