Finance

Indonesia’s Economy Expands at Fastest Pace in a Year

Jakarta, Indonesia, February 11, 2010

Indonesia’s economy grew at the fastest pace in a year last quarter as lower interest rates and government stimulus measures spurred consumer spending. The southeast Asia’s largest economy expanded 5.4 percent in the three months to Dec. 31 from a ...

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Egypt: 2010 and 2011 Will Bring Economic Growth

Cairo, Egypt, February 06, 2010

The Egyptian government is expecting growth rates to rise to 6% during the coming fiscal year, after rates tumbled to 4% last year during the global financial crisis. During the World Economic Forum sessions in Davos, Switzerland, minister of trade ...

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Iran’s Economic Projects Has Grown Remarkably in 2009

Tehran, Iran, January 11, 2010

Iran’s planned and underway economic projects in 2009 stood at $313 billion showing $27 billion over 2008, Middle East Business Intelligence (MEED) reported. While the global crisis greatly overshadowed the Persian Gulf’s Arab states in 2009, Iran’s planned and underway ...

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Bangladesh Economy on Track to achieve 6% Growth

Dhaka, Bangladesh, January 04, 2010

Bangladesh’s economy is on track to achieve six percent growth in the 2009-10 fiscal year to June despite the global downturn, central bank governor Atiur Rahman said on Thursday. His projection is a touch more optimistic than forecasts by the ...

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Indonesia Affirms the Significance of D-8 Visa Simplification Agreement

Copenhagen, Denmark, December 18, 2009

D-8 Secretary General, Dipo Alam, had met with the Indonesian President, H.E Susilo Bambang Yudhoyono, during the recently-held Climate Changes Summit in Copenhagen, Denmark, on December 16 2009, to report on sets of progress that have been achieved by the ...

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Bangladesh-Turkey Direct Air, Banking Links to Promote Trade

Ankara, Turkey, December 17, 2009

Dhaka and Ankara have agreed to establish direct banking and air links between to further widen trade, investment and economic cooperation between the two countries. The agreement was made in the third session of the Bangladesh-Turkey Joint Cooperation for Trade, ...

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Muslim Countries Eye Sukuk Issue to Boost Liquidity

Istanbul, Turkey, December 11, 2009

Muslim countries are working on a inter-government sukuk issuance programme to improve liquidity of Islamic financial markets, an Iranian central bank official said on Tuesday. Mahnaz Bahrami, the Iran central bank’s director of banking studiesand regulations said governments of Muslim ...

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D-8 to Gain More Importance in Years to Come

Istanbul, Turkey, December 07, 2009

Developing-8 (D-8) Organization for Economic Cooperation Secretary-General, Dipo Alam, has predicted that the trade volume among D-8 member countries will increase from its current level of 6 percent to 10 to 15 percent of the organization’s total trade by 2018, ...

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ADB Provides Bangladesh 22 mln USD for Tourism, Bridge Design Development

Dhaka, Bangladesh, December 07, 2009

The Asian Development Bank (ADB) and the Bangladeshi government Monday signed two agreements worth 22 million U.S. dollars in soft loans which aimed at promoting tourism and completing design of a bridge in the South Asian country. The ADB said ...

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Malaysia is Keen to Enhance Islamic Finance Sector: Zeti

Kuala Lumpur, Malaysia, December 07, 2009

Malaysia has shortlisted two foreign banks to be licensed as mega-Islamic banks with a minimum capital of $1 billion each. At the same time the country currently has 14 wholly-owned foreign banks (both conventional and Islamic) and may give another ...

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