PT Bank Negara Indonesia, the nation’s third-largest state financial services company, plans its first Islamic debt sale in Malaysia, president director Gatot Suwondo said, as quoted by Bloomberg. The Jakarta-based lender will raise US$50 million selling Islamic bonds, or sukuk, ...

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The world has been facing oil, food, and financial crisis.  The impacts to developing countries surely affect food security that may postpone the 2015 UN Millennium Development Goals (the MDGs) to reduce poverty by the end of 2015 up to ...

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Turkey’s Industry and Trade Minister Zafer Çağlayan launched an entrepreneurship program last month  aimed at training a qualified labor force equipped with the latest technological information. “I believe the program will be a role model and fill an apparent gap ...

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Both local and international organisations yesterday ratcheted up calls to recognise positive contributions that migrant workers can make to economic growth, as millions of migrant workers face layoffs around the world. The calls came from different programmes designed to mark ...

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Islamic insurer Takaful Malaysia said on Wednesday it is seeking a strategic partner in Indonesia to tap opportunities in the world’s most populous Muslim country. Takaful wants to increase its network of 33 to 34 branches in Indonesia, managing director ...

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Indonesia expects to name the selling agents for its first retail sharia bonds next week, a finance ministry official said on Wednesday, in a bid to widen the investor base for debt and finance the state budget deficit. Indonesia has ...

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Millions of Bangladeshis will be hit by an expected downturn in remittances because of the global financial crisis, experts warn. Some five million Bangladeshis work abroad, mostly in the Middle East, in healthcare, engineering, domestic service and manual labour. “We ...

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Intel Corp, the world’s biggest chipmaker, signed a deal with an Egyptian company on Monday to build the first factory to produce motherboards in Africa, the Egyptian Information Ministry said. The ministry said 85 percent of the production will be ...

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The actual foreign direct investment in Indonesia rose 53% to $13.95 billion in the first 10 months of 2008 from a year earlier, the chairman of the official investment board Muhammad Lutfi said. Lutfi told Dow Jones Newswires late Thursday ...

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Nigeria’s economic growth will accelerate to 8.9 percent next year, led by non-oil industries, President Umaru Yar’Adua said. Growth will pick up from about 7 percent this year, even as the oil industry contracts for a second year, Yar’Adua said ...

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