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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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 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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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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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 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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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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