Indonesia’s economy grew at the fastest pace in a year last quarter as lower interest rates and government stimulus measures spurred consumer spending
Indonesia’s economy grew at the fastest pace in a year last quarter as lower interest rates and…

Bangladesh Central Bank Governor, Atiur Rahman, said Bangladesh’s economy is on track to achieve 6% growth in the 2009-10 fiscal year to June despite the global downturn
Bangladesh’s economy is on track to achieve six percent growth in the 2009-10…

Malaysia’s comprehensive system of products and regulation may enable it to become a significant trading center
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.…

Turkish Small and medium-sized enterprises (SMEs) suffering from financing difficulties due to the global financial crisis will be able to ameliorate their situation with a new TL 1 billion contribution from the Treasury.
A protocol between the Turkish Treasury and…

Head of the Organization for Investment, Economic and Technical Assistance of Iran (OIETAI), Behrouz Alishiri
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…

Doing business in Egypt eases as the country increases its global competitiveness
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.…

Indonesia to host the 42nd Annual Meeting of the Board of Governors of the ADB in May 2009
Indonesia expects the 42nd Annual Meeting (May 2-5, 2009) of the Board of Governors of the Asian Development Bank (ADB) would recommend…

Indonesia Begins Selling First Global Islamic Bond
Indonesia has started selling its first global Islamic bonds, which a finance ministry official says could raise up to $650 million. Finance Minister Sri Mulyani Indrawati said the offering for the sukuk —…

D-8 member countries should focus more on developments in Islamic Finance
As the global downturn drags on, battering investor confidence and asset values, Islamic finance markets are expected to increasingly favor the certainty of lease-based bonds over profit-sharing structures to…

Islamic Finance is one sector in the financial world that saw the growth potential
By the end of last year, the meltdown was complete. Lehman Brothers had failed, Merrill Lynch was gone, and analysts from CNBC to the beleaguered banks…