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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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 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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The threat of Dubai’s billion-dollar debt default is casting a shadow here in Malaysia, the would-be global center of the fast-growing Islamic finance industry. Islamic finance is designed to comply with Shariah law, forbidding interest on loans and investment in ...

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Boosted by a surge in remittances, Bangladesh’s overall balance of payments surplus reached 694 million U.S. dollars in July, the first month of the current 2009-10 fiscal year, the central bank data showed Monday last week. The overall balance of ...

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A protocol between the Turkish Treasury and the Loan Insurance Fund (KGF) governing the transfer of TL 1 billion was signed last week at the TOBB University of Economics and Technology with the attendance of Economy Minister Ali Babacan, Industry ...

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According to the Wall Street Journal media, Indonesia, Pakistan and South Korea Could Net $2 Billion With Shariah-Compliant Offers Planned for Next Year. Along the same line, in the recent meeting in Cairo, D-8 set to provide platform of cooperation ...

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The United Nations Conference on Trade and Development (UNCTAD) and the Japan Bank for International Cooperation (JBIC) have developed a 15-point action plan to assist Nigeria attract more Foreign Direct Investments (FDI) and thereby achieve its 20:2020 vision. The initiative, ...

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A UN agency report shows Iran attracted $1.6 billion in direct investments from abroad in 2008 despite a 20% decrease in the global flow of direct foreign investment, an Iranian official says, in a report by PressTV. New data released ...

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Despite tough economic conditions, Egypt is continuing to strengthen its position not only as one of the world’s leading outsourcing destinations but also as a successful business location. Reports published this week by the World Economic Forum and the World ...

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