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Ghana, China sign 800 mn gas development deal

12 Aug 2011: Ghana will borrow $800 million from China to build natural gas infrastructure, the head of the national gas company said Friday, months after the country became Africa’s newest major oil producer. “An agreement has been reached and we have secured

Coca-Cola Invests $10 Million In Somaliland Bottling Plant

07 Jun 2011: Coca-Cola Co., the world’s largest soft-drink maker, plans to set-up a bottling plant in the breakaway republic of Somaliland, saying its stability and economic growth provide “conducive” conditions for investment. Somaliland Beverage Industries,

Arab bid for housing at risk from Jewish rivals

11 Jan 2011: A Palestinian businessman bidding to buy a failing Jewish housing estate in East Jerusalem is battling to fend off counter-bids from national religious groups determined to keep the project in Israeli hands. Bashar al-Masri was "outed" by an Israeli

Interest, Usury and Islam - Lessons from Islamic and Ethical Finance

03 May 2010: The notion of the moral economy is intrinsic to all the major faiths, each of which has placed ethical boundaries on the behavior of those active in the market. The ten commandments of the Jewish Torah or Christian Old Testament laid down an ethical

Yemeni Islamic banks 'wheels for development'

02 Apr 2010: Yemeni Islamic banks have yet to achieve their full potential in supporting the country's development, said participants at a conference on Yemeni Islamic Banks last week. The two-day conference, which addressed the future of Yemeni Islamic banks, was

Bank of Ningxia to Spearhead Islamic Finance in China

08 Mar 2010: With encouragement from the China Banking Regulatory Commission (CBRC), Ningxia Hui Autonomous Region is set to take the lead in trialling Islamic financial services in China. If the pilot project is successful, policy makers hope that Islamic financial

Abu Dhabi gives $10bn to Dubai

14 Dec 2009: Dubai's government has said it has received $10bn from Abu Dhabi to help it repay an Islamic bond and fund the troubled property developer Dubai World. The announcement on Monday came on the same day Nakheel, the property development unit of Dubai World,

German woman banker admits transferring money from rich to help poorer clients

25 Nov 2009: In these financially troubled times, bankers tend not to score too highly on the scale of public admiration, with their bonuses, bailouts and bad loans. But today details emerged of a woman who may confound the popular view that everyone in the industry

Overdraft charges: '8m more customers could claim their money back'

24 Nov 2009: New figures from the group show that, of around 12m people who have been hit with bank charges since July 2001, over three in five (63pc) have not asked for their money back. With the Supreme Court's ruling on the test case due on November 25, the banks

Iraqi Lawmakers Question Oil Deals

09 Nov 2009: Lawmakers from the Iraqi parliament's oil and gas committee on Sunday questioned the legality of petroleum-development deals signed last week with BP PLC, Exxon Mobil Corp. and other big oil companies. The opposition isn't likely to derail the agreement,

Livestock exports to jump as Saudi ban lifted

09 Nov 2009: Somali livestock exports to the Gulf States are expected to double to one million animals this month after the Saudi government lifted a long-standing ban, traders and a company official said on Saturday. Saudi Arabia, formerly the biggest buyer of Somali

Abdullah Gul welcomes BRJ to Turkey

07 Nov 2009: JEDDAH: Turkish President Abdullah Gul recently received Mohammed Jameel, president of Abdul Latif Jameel Group and chief job creation officer of the Bab Rizq Jameel (BRJ), at the Presidential Palace in Ankara and commended BRJ’s efforts in fighting

Dahabshiil Debit Card Makes History in Somalia

02 Nov 2009: Somalia's first ever debit card system has been launched. Dahabshiil, the largest international money transfer business in the Horn of Africa, has launched an "eCash" service that will enable Somalis to pay for goods and services at participating vendors,

France court quashes Islamic Finance measure

16 Oct 2009: France's highest constitutional authority on Wednesday struck down a provision of a new law that would have opened up French banking to Islamic finance. The National Assembly last month adopted the measure to allow Sharia-compliant financing despite

Tory proposed saving will take five years longer

10 Oct 2009: George Osborne's reputation as a would-be Tory chancellor was unravelling tonight after his claim that he would save £13bn by raising the state pension age was challenged by the respected thinktank that provided the basis for his figures. The National

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slashnews major-quake-shakes-eastern-city-of-van-1000-feared-dead-2011-10-23_l.jpgMajor quake shakes eastern city of Van
A 7.2-magnitude earthquake hit eastern Turkey yesterday, triggering the collapse of buildings and killing many people, according to officials and experts. At least 50 people were taken to the single hospital in the city of Van, Anatolia news agency said,

slashnews palestine-gaza-a-child-girl-sleeps-front-of-her-destroyed-house.jpgThe wretched scandal of Gaza
Past bombed suburbs and scrubland stands the house on the frontier of hell. Once, Abdullah Wahdem's home was a pleasant villa set in the citrus groves of northern Gaza. Now its cream stucco frontage is pitted by the bullets and artillery salvos that

slashnews desert-crossing-2011.JPGFrom Hate to Love - Story of Adiy ibn Hatim
In the ninth year of the Hijrah, an 'Arab king made the first positive moves to Islam after years of feeling hatred for it. He drew closer to faith (iman) after opposing arid combating it. And he finally pledged allegiance to the Prophet, peace be on him,

slashnews miscrosoft-bing-highlands-2011.pngMicrosoft Bing in search deal with China’s Baidu
Microsoft has signed a deal with China’s top search engine, Baidu, to provide the site with censored web search services in English. Baidu, which dominates 83 per cent of the local market and whose success is built on its Chinese language services, said

Video of the day

Horrifying video shows Israeli forces have attacked aid ships attempting to break the blockade of Gaza Horrifying video shows Israeli forces have attacked aid ships attempting to break the blockade of Gaza - slashnews
Horrifying video shows murders that triggered Han-Uighur rioting in China leading to martial law Horrifying video shows murders that triggered Han-Uighur rioting in China - slashnews
Recession: A Struggle to Make Ends Meet. Three residents of Columbia, S.C. do their best to cope with the economic crisis. jobless effect in the USA recession - slashnews
The traffickers kept them under control by regularly beatings and throw anyone overboard who complains. Journey Through Hell - trafficking Africans to Yemen - slashnews

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