Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55326702
Caption:

Libya’s Economy Minister Mustapha Abu Fonas speaks during the opening of a Conference on Islamic Economy – “the road to development, strategies for change and its tools” in Tripoli on January 6, 2014 (AFP PHOTO/MAHMUD TURKIA)

Libya says aims to run economy, banking system on Islamic lines

by Asharq Al-Awsat | Jan 7, 2014 | Business

Tripoli, Reuters—Libya will transform its banking and economic system to comply fully with Islamic law that bans interest payments, the economy minister and other officials said on Monday, but they gave scant details on how the plans would be implemented. Under...

Media ID: 55298731
Caption:

A Saudi trader counts Saudi rial banknotes in Mecca in this October 20, 2012 file photo. Source: REUTERS/Amr Abdallah Dalsh/Files

Opinion: Islamic Finance On the Verge of a Tipping Point

by Afshin Molavi | Jan 5, 2014 | Opinion

Will the year 2014 be a tipping point for Islamic finance? It’s a question on the minds of many inside the rapidly growing industry, as a confluence of factors came together in 2013 that could portend a structural shift in how the world views Islamic banking products...

Media ID: 55299608
Caption:

File photo of the Riyadh skyline. (AAA)

Islamic Development Bank scores high on credit ratings

by Asharq Al-Awsat | Dec 29, 2013 | Business

London, Asharq Al-Awsat—International ratings agencies Standard & Poor’s (S&P), Fitch Ratings and Moody’s have all awarded Jeddah-based Islamic Development Bank (IDB) their highest long-term and short-term credit rating scores, making the bank the most...

Media ID: 55324409
Caption:

with Richard Banks, the head of Eurozone Conference’s emerging markets unit

Euromoney Conferences director: A single Gulf currency makes sense

by Mohamed Al-Bishi | Dec 5, 2013 | Business

London, Asharq Al-Awsat—Egypt and the Gulf have the largest economies in the Arab world, but are facing vastly different challenges. Egypt is in the process of recovering from an unstable political transition, while its vital tourist sector has witnessed significant...

Media ID: 55323793
Caption:

File photo of Hamad Buamim, Director General of the Dubai Chamber of Commerce & Industry (Asharq Al-Awsat/Basil Hamawi)

Commerce chamber head: Dubai businesses must expand into Africa

by Musaid Al-Zayani | Nov 27, 2013 | Business

Dubai, Asharq Al-Awsat—As Dubai increasingly positions itself as a hub for the global Islamic economy, companies in the Emirate have looked to expand abroad to take advantage of new trade and business ties. Supporting the Emirate’s businesses is the Dubai Chamber of...