Pirate Victims Finance More Attacks With $100 Million in Ransom By Robin Stringer, Gregory Viscusi and Alaric Nightingale Nov. 24 (Bloomberg) — A few years ago, Somali pirates menacing Africa’s east coast sometimes demanded tens of thousands of dollars for the safe return of a hijacked vessel and crew. Now they often seek $1 […]
There is a great deal of propaganda claiming that Islamic states have been insulated by the global financial crisis due to sharia-compliant finance. This article tells a very different story. Gulf Citizens Beg for Bailout Amid Stock Rout: Week Ahead <http://www.bloomberg.com/apps/news?pid=20601087&sid=a76KB8XETuC4&refer=home>
www.teherantimes.com By Grant Smith Oct. 15 (Bloomberg) — The Organization of Petroleum Exporting Countries, supplier of more than 40 percent of the world’s oil, lowered its 2009 demand forecast for a second month as the worst financial crisis since the 1930s threatens to send the global economy into a recession. OPEC will hold an extraordinary […]
Thailand Plans First Islamic Bonds to Tap Arab Wealth (Update1) By Suttinee Yuvejwattanawww.geocities.com Sept. 24 (Bloomberg) — Thailand plans to raise $600 million from its first sale of Islamic bonds as it seeks to attract funds from the Middle East to pay for public works. “We want to tap petrodollars as Middle East countries […]
Deutsche Bahn Seeks Sovereign Funds for IPO, Handelsblatt Says By Aaron Kirchfeld Sept. 23 (Bloomberg) — Deutsche Bahn AG, the state-owned railway, is seeking to sell shares to sovereign wealth funds in the Middle East and Asia during the initial public offering, Handelsblatt said, without saying where it got the information. Road shows in the […]
By Haris Anwar http://www.ruf.rice.edu/~elgamal/files/emirates.jpg Sept. 3 (Bloomberg) — The fastest-growing part of the global bond market is faltering, and it has nothing to do with subprime mortgages or the credit crunch. Sales of Shariah-compliant debt, which financed Dubai’s Palm development, the world’s largest man-made island and where David Beckham and Donald Trump have homes, […]
http://gannglobal.com/sneakpeek/bear_sneak_peak.gif Dubai Stocks Enter Bear Market; Emaar, Dubai Islamic Decline By Zainab Fattah Aug. 12 (Bloomberg) — Dubai stocks retreated, pushing the Dubai Financial Market General Index into a bear market, as investors speculated the emirate’s real-estate boom may slow. Emaar Properties PJSC, the largest real-estate developer in the Middle East and North Africa, fell […]
Chrysler Building May Be Wealth Fund Aberration: William Pesek Commentary by William Pesek ACTION OF THE WEEK-WRITE TO THE AUTHOR – ADDRESS BELOW, SEND HIM THE LINK TO THIS SITE, AND TEACH HIM ABOUT SHARIAH AND SHARIAH FINANCE. THIS IS A MAN WHO CLEARLY NEEDS TO BE EDUCATED. July 23 (Bloomberg) — New Yorkers, […]
Oil Rises More Than $5 to a Record on Speculation Israel May Attack Iran Crude oil and gasoline rose to records on growing concern about violence in the Middle East and supply disruptions from Brazil to Nigeria. Gazprom May Start Reselling Libyan Oil and Gas This Year, Spokesman Says OAO Gazprom may start reselling Libyan […]
By Mark Shenk http://www.bloomberg.com/apps/news?pid=20601082&sid=a44rSm5beTY8&refer=canada July 11 (Bloomberg) — Crude oil and gasoline rose to records on growing concern about violence in the Middle East and supply disruptions from Brazil to Nigeria. Oil jumped as high as $147.27 a barrel in New York after the Jerusalem Post said Israeli war planes practiced over Iraq. […]
By Tomoko Yamazaki July 7 (Bloomberg) — Dubai International Capital LLC, the asset management firm with more than $12 billion, said any investments made in 2008 will be in Asia, where economies may expand faster than the global average this year. The firm has earmarked $5 billion over the next two-to-three years for Asia, […]
Bloomberg Africa-Updates on Middle East News Stories
Middle East Stories in Newspapers June 4: Abu Dhabi in Sudan June 4 (Bloomberg) — Here is a list of stories about the Middle East from newspapers today: Abu Dhabi Plans to Develop Farmland in Sudan for Food, FT Says Abu Dhabi, one of the seven members of the United Arab Emirates, plans to […]
BAE Employees Served Subpoenas in U.S. Over Saudi Arms Deal Investigation BAE Systems Plc employees received subpoenas in the U.S. last week as part of a Department of Justice investigation into whether the company violated corruption laws in arms sales to Saudi Arabia. U.A.E., Kuwait, Saudi Stock Markets Decline; Qatar, Oman Indexes Advance United […]
Dubai Ruler Sheikh Mohammed Backs Liverpool Club Bid, FT Says By Will McSheehy April 29 (Bloomberg) — Dubai’s ruler, Sheikh Mohammed bin Rashid al-Maktoum, is taking a close personal interest in one of his investment companies’ attempts to buy Liverpool Football Club, the Financial Times reported, without citing anyone. Dubai International Capital LLC Chief […]
Breaking News from MoneyNews.com Arab Oilmen Blame U.S. for Pricey Crude Don’t wait for oil producers to pump the U.S. economy out of its economy dead-end, says the head of oil cartel OPEC. In fact, if want cheaper oil, fix the broken U.S. dollar, say cartel leaders. That’s because it’s the weak dollar, not oil […]
Saudi Stocks Advance for Fifth Straight Day; Bank Shares Climb By Zainab Fattah and Matthew Brown http://www.bloomberg.com/apps/news?pid=20601116&sid=aKmTgCEBu4fM&refer=africa April 26 (Bloomberg) — Saudi Arabian stocks rose for a fifth straight day, led by banks and construction companies on speculation that near-record oil prices will boost economic and earnings growth and spur government spending. Saudi […]
http://www.bloomberg.com/apps/news?pid=20601109&sid=aSUZkL801YwY&refer=home Carlyle Scrounges for Buyouts in Dubai as Rubenstein Rues Fund By Jason Kelly April 23 (Bloomberg) — It’s been a rough few months for David Rubenstein, co-founder and managing director of Carlyle Group. As the subprime crisis sent dealmaking into a tailspin last August, Carlyle barely saved its buyout of Home Depot […]
hat tip-Roberta S. Ahmadinejad Dismisses Minister as Inflation Soars (Update1) 2008-04-22 11:37 (New York) Ahmadinejad Dismisses Minister as Inflation Soars (Update1) 2008-04-22 11:37 (New York) (Adds minister’s comments in fourth paragraph.) By Ladane Nasseri April 22 (Bloomberg) — Iranian President Mahmoud Ahmadinejad dismissed his economy minister, who blamed record levels […]
Dubai International, Dubai Islamic Plan New Jordan Islamic Bank http://www.bloomberg.com/apps/news?pid=20601116&sid=arqhbPFtLRyY&refer=africa By Arif Sharif and Will McSheehy April 16 (Bloomberg) — Dubai International Capital LLC and Dubai Islamic Bank PJSC plan to start a new Islamic bank in Jordan, Dubai International’s Chief Executive Officer said. The two state-backed companies plan to “create” the new bank after […]
Europe struggles to accommodate its growing Muslim minority By Celestine Bohlen Bloomberg News Tuesday, March 25, 2008 PARIS: A French court this month upheld a weekly magazine’s right to reprint a Danish cartoon of the prophet Muhammad with a bomb in his turban. At the same time, it affirmed a lower court’s finding that the […]
www.bloomberg.com Islamic Bond Scholars Toughen Rules on Sukuk Sales By Will McSheehy March 13 (Bloomberg) — Religious scholars are imposing tougher rules on the sale of Islamic bonds to investors after stating that most of the securities may not fully conform to the teachings of the Muslim faith. Investors bought $30 billion of so-called sukuk […]
First Investment Co. Full-Year Net Rises 26% to $92.4 Million By Zainab Fattah Feb. 17 (Bloomberg) — First Investment Co., the Kuwaiti Islamic Finance company known as Al-Ola, said full-year profit surged 26 percent, without giving a reason for the increase. Net income rose to 25.3 million dinars ($92.4 million), or 46.02 fils a share, […]
Archbishop Williams Is Wrong to Back Shariah Law: Matthew Lynn Commentary by Matthew Lynn Feb. 13 (Bloomberg) — An archbishop of Canterbury hasn’t found himself in this much trouble since Thomas Becket fell afoul of Henry II in 1170. Last week, Rowan Williams, the leader of the Church of England, stirred up a massive row […]
The Bank of New York Mellon’s Pershing Advisor Solutions establish First Family Office Relationship in Dubai and the Middle East
The Bank of New York Mellon’s Pershing Advisor Solutions Unit Establishes First Family Office Relationship in the Middle East Wednesday, January 30, 2008; Posted: 12:46 AM <!– if (navigator.appVersion.indexOf(‘MSIE 3’) != -1){ document.write(”); } else if (_version < 11) { document.write (‘‘); } // –> More Breaking News about BK Market Review: Progressive Review for […]
Islamic Finance in Sri Lanka, sukuk and sukuk trading
Islamic finance in Sri Lanka, sukuk and sukuk trading Riyazi Farook, a Master’s student at Middlesex University London, writes in the Sri Lanka Sunday Times (based on an article originally published in Islamic Finance News about the Islamic banking industry in the country. Although only 7 percent of the population is Muslim, the country’s banking […]
Black Enterprise.com News Briefs about the Middle East Investment Market
BE BUSINESS REPORT AME Info, Abu Dhabi, United Arab Emirates, Business Briefs Column 2008-01-15 AME InfoBy AME Info, Abu Dhabi, United Arab Emirates Jan. 15–DFM UP SHARPLY, ADSM HAS SLIGHT GAIN: The Dubai Financial Market rose sharply today, Tuesday, gaining 182.18 points, or 2.98 percent, to finish on 6,291. National Industries Group was the day’s […]
Business Week-“Who’s Afraid of Mideast Money?”
This is one of the most important articles to read about the emerging power and takeover of the West by Middle East Money. We should all be afraid…very afraid. However the lust for greed and money will be the downfall of the democracy we live under unless we can change this course of selling our […]
Business Week-“Who’s Afraid of Mideast Money?”
<!– if (!window.OAS_sitepage) { var BW_site; // use for new ad site var BW_page = “/printerfriendly”; var OAS_listpos; // use to restrict the number of available page positions document.write(”); } //–> THIS IS ONE OF THE MOST IMPORTANT ARTICLES I HAVE POSTED. IT IS A MUST READ, AND ONE THAT NEEDS TO BE READ AND […]
Sudan is a terrorist state, a leader of the slave industry, and has been part of the terror connection. It is now working with bankers in Europe and raising money and this is a grave concern. There has been horrific genocide in Sudan, and it has econonic sanctions against it. The sale of these bonds […]
This article must be read, and reread. Try to understand why this author, is concerned about the rise of Islamic banking. His concerns are that the boards who oversee the banking and fast growth do not have the time to examine the institutions to make sure that they are “halal”. The issues of whether the […]
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