The global Islamic funds market has grown by more than 300% in the last decade to reach nearly $200 billion in assets under management. That’s according to the Bahrain-based General Council for Islamic Banks and Financial Institutions. Islamic finance bans interest payments and pure monetary speculation. It can be used only to invest in assets...
The U.S. has asked to meet with energy companies operating in Algeria to see if more gas can be sourced from there, Reuters reports. Washington is intensifying efforts to find alternative gas supplies for Europe in case there is a disruption from the standoff between Russia and Ukraine. The European Union depends on Russia for […]
MOGADISHU, Somalia (AA) – US Secretary of State Antony Blinken announced late Tuesday visa restrictions on current and former Somali officials who are believed “to be responsible for, or complicit in, undermining the democratic process in Somalia.” The Department of State said in a statement that the individuals were undermin...
ANKARA (AA) – A top Iranian security official on Wednesday criticized the US government for lacking “coherence” for making political decisions at ongoing nuclear talks in Vienna. The remarks on Twitter by Ali Shamkhani, the head of the country’s Supreme National Security Council (SNSC), came shortly after a group of 33 ...
Pakistani Prime Minister Imran Khan met with China’s President Xi Jinping SHI JINPING while attending the opening ceremony of the Winter Olympic Games 2022 in Beijing. The duo discussed a range of issues, including Afghanistan. In a joint statement released Sunday by China’s Ministry of Foreign Affairs, the leaders agreed a peaceful, stable A...
Over four million people in the U.S. quit their jobs in December, according to figures released Tuesday by the United States Department of Labor. That represents a decline of 200,000 from November, data showed. Job openings rose slightly by 150,000 to reach 10.9 million in December, up from 10.7 million in November. The market expectation [&h...
Anglican clergymen in Tanzania’s Indian Ocean Zanzibar archipelago have condemned the slave trade as “the worst crime” ever committed by humans against other humans. The Christ Church Anglican Cathedral, perched at the heart of Stone Town, is a symbol of remembrance to the men, women and children sold into slavery. The massive cathedral built ...
The global Islamic funds market grew more than 300% over the last decade to reach nearly $200 billion in assets under management. That’s according to a report released Wednesday by Bahrain-based General Council for Islamic Banks and Financial Institutions. Islamic assets under management grew 13.7% in 2020 despite the COVID-19 pandemic. That ...
A bipartisan group of U.S. lawmakers on Monday urged top Democrats and Republicans in the House to swiftly bring legislation banning Congress from owning or trading stock to the floor. The call came in a letter to House Speaker Nancy Pelosi, a California Democrat who has faced criticism for defending her husband’s trades and existing […...
Indonesia’s parliament on Tuesday passed a law approving the relocation of its capital from slowly sinking Jakarta to Borneo. Borneo is a jungle-clad island 1,200 miles from Jakarta. The new capital is named “Nusantara.” Jakarta is home to more than 30 million people in its greater metro area. It has long been plagued by serious […]...
