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…

Malaysia, Indonesia, and Turkey are making progress in promoting Islamic Finance among D-8 Countries
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…

Remittance is an important sector in many D-8 countries
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.…

Islamic finance has made a rapid growth in D-8 countries
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…

Islamic Banking gains momentum in Indonesia
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…

Manouchehr Mottaki
Turkish and Iranian officials signed a protocol at the 20th Turkey-Iran Joint Economic Commission meeting in Tehran on Wednesday, an indication of increased cooperation during the global economic crisis.
Speaking at the signing ceremony, Economy Minister Mehmet Şimşek…