Finance

Malaysia to introduce innovative card for designated tourist segmentation

Kuala Lumpur, Malaysia, September 15, 2007

Bank Islam Malaysia Berhad has introduced the Tourist Friend MasterCard Prepaid Card. A convenient alternative to a credit card, it is targeted at tourists, particularly those from the Middle East and China, as well as from developing countries of D-8. ...

Read full news »

Again, Malaysia Leads Islamic Finance to Promote Sukuk

Kuala Lumpur, Malaysia, August 25, 2007

D-8 Organization impressed with Malaysian efforts to continuously promote and progress Islamic Finance policy and programs which allows some products of Banks, such as sukuk, takaful, etc, will benefiting trade, investment and economy in general. Soon, Malaysia will ease its ...

Read full news »

Pakistan sparks $8.4b FDI in fiscal year 2007

Islamabad, Pakistan, August 23, 2007

Federal Privatization and Investment Minister Zahid Hamid has said that with increased economic growth in the country, the pace of foreign investment has increased manifold in the last few years, reports APP. Hamid said that the government has formulated investment-friendly ...

Read full news »

D-8 to envisage a focused effort on remittances working group

Istanbul, Turkey, August 22, 2007

Around the globe, millions of immigrants are sending billions of dollars back home. One sweaty bundle of bills or $200 Western Union moneygram at a time, they form what could be called Immigration, Inc. — one of the biggest businesses ...

Read full news »

Egypt’s Economic Reforms Empower Private Sector

Cairo, Egypt, August 19, 2007

D-8 Organization noticed that Egypt’s economic reform program, since 2004, has been empowering private sectors and allows significant economic progress. GDP growth rates are at 7 percent for the first half of the fiscal year 2006-2007. The Balance of Payment ...

Read full news »