by Souhail Karam
Jabal Omar Development Co said its shareholders have allowed it to issue Islamic bonds after the Saudi developer faced problems in raising a multi-billion dollar financing for its sole project.
»» Saudi developer Jabal Omar plans sukuk issue
JEDDAH: Custodian of the Two Holy Mosques King Abdullah told citizens yesterday he is part of them and feels their pains. He said they would see many good things happening in the coming days.
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MANAMA, - Bahrain-based Islamic bank Al Salam SALAM.BH said on Sunday it has signed an agreement with Thailand’s agriculture and food company Charoen Pokphand Foods CPF.BK to jointly invest in agricultural businesses. »» Bahrain’s Al Salam, Charoen to invest in agriculture
Jakarta - The government has decided to extend by two weeks the deadline for divestment talks with PT Newmont Nusa Tenggara (NNT), namely from June 15 to the end of June 2009, a senior official said. »» Govt extends deadline for divestment talks with Newmont
by Alex Delmar-Morgan
Noor Islamic Bank said on Wednesday its mortgage business is 40-50 percent up on the start of the year, a further sign UAE banks are easing lending.
As he celebrates the fourth anniversary of his accession to the throne, Custodian of the Two Holy Mosques King Abdullah can join with his people in looking back on some truly groundbreaking achievements and look forward to further advances to bring Saudi Arabia to Developed Country status. »» Editorial: Four years of achievements
Barack Obama, the US president, has revealed landmark new plans for wide-ranging financial regulation reforms including the creation of a national bank regulator and wider powers for the US Federal Reserve.
»» Obama unveils finance reform plans
Bahrain’s Albaraka sees full-year net profit at about last year’s level as it invests in its banking systems and opens new branches. It also plans to list its Syrian unit, its chief executive said on Tuesday.
By Ghazanfar Ali Khan & Siraj Wahab
RIYADH/DHAHRAN: Saudi Aramco and France’s Total said yesterday that they would invest SR36 billion to build the Jubail oil refinery.
»» Saudi Aramco, Total award Jubail refinery contracts
MANAMA: A high-profile delegation representing Bahrain Chamber of Commerce and Industry (BCCI) will travel to Thailand on June 24.
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“The week-long visit will herald new horizons for co-operation and highlight untapped investment and trade opportunities,” BCCI chairman Dr Essam Fakhro said. »» BCCI in new push to boost Thai trade ties
The Free Islamic Business Strategy Online
