Tech-driven growth and strategic acquisitions fuel Türkiye’s emergence as a global investment hub ANKARA, Türkiye (MNTV) — Amid global geopolitical tensions and rising concerns over inflation and interest rates, Turkish startups experienced a remarkable surge in investment activity in 2024. Transaction volumes soared 423% to $2.6 billion...
Maldives Islamic Bank’s net profit increased by 60% in the year 2024 MALE, Maldives (MNTV) – Maldives Islamic Bank (MIB) has reported a record net profit of 282 million Maldivian Rufiyaa ($18 million) in 2024, marking a 60% increase from the previous year. According to the bank’s financial reports, MIB’s total assets grew from 10 [&helli...
Islamic finance professionals added to categories of city’s talent acquisition strategy HONG KONG (MNTV) – In an effort to reduce its reliance on Western financial markets, Hong Kong is pushing forward with its ambition to become a global hub for Islamic finance. The latest expansion of its Talent List includes Islamic finance professionals,...
Technology enhances transparency in halal certification, ensuring authenticity and boosting global trust in Vietnamese exports HANOI, Vietnam (MNTV) – Vietnamese companies are increasingly leveraging blockchain technology to ensure compliance with halal certification standards, enhancing transparency and boosting consumer confidence in interna...
Sultanate emerges as a prime destination for startups and business innovation MUSCAT, Oman (MNTV) – Oman has secured the eighth spot globally in the 2024 Global Entrepreneurship Index, marking a significant achievement in its efforts to foster a dynamic business ecosystem. With a score of 5.7—an increase from 5.4 in 2023—Oman continues to stre...
Digital transformation, AI, and open banking set to reshape Islamic finance landscape PETALING JAYA, Malaysia (MNTV) — Financial technology (fintech) is playing a crucial role in modernizing Islamic banking as financial institutions increasingly embrace digital transformation to enhance their services and customer experiences. Othman Abdullah,...
ISTANBUL (AA) — The bilateral trade volume between Türkiye and Pakistan reached its highest level in 2024, Turkish President Recep Tayyip Erdogan has announced on his trip to close South Asian ally Pakistan. The trade volume rose by nearly 30% year-on-year in 2024 to reach $1.4 billion. “However, we are still far behind our trade [&helli...
The State Department has quietly changed a contract after media scrutiny revealed a planned $400 million deal for Tesla. The company is run by Elon Musk, who is currently head of President Donald Trump’s Department of Government Efficiency. He donated heavily to support Trump’s presidential campaign last year. Initially, the document — dated ...
Salalah Free Zone empowers local initiatives by helping them find global business platforms SALALAH, OMAN (MNTV) – The Salalah Free Zone (SFZ) inaugurated the “Made in Salalah Free Zone” exhibition in the Wilayat of Salalah, in celebration of Omani Industry Day, observed annually on February 9. Salalah Free Zone is one of Oman’s m...
A consortium of investors led by Elon Musk has submitted a $97.4 billion bid to buy control of OpenAI. The Wall Street Journal quotes Musk’s attorney Marc Toberoff saying he formally presented the offer to OpenAI’s board of directors. The move could disrupt CEO Sam Altman’s plan to turn OpenAI into a for-profit company and [&hellip...