Asia

Indonesia plans to sell $500 mln global sukuk this year

KUALA LUMPUR: The Indonesian Finance Ministry is targetting a $500 million 5-year global sukuk issuance this year, an official told reporters at an Islamic finance forum here on Monday. “We are looking for the benchmark tenor, but we hope to have longer (tenures),” Dwi Irianti Hadiningdyah, deputy director of Islamic Financing for the ministry’s debt […]

Offering support

The Jordanian government decided to send a large delegation of officials and business leaders to Libya to offer support for its reconstruction, a move that is necessary, even if it came a bit late in the hour.The minister of industry and trade will head the delegation – hefty from the […]

Indonesia’s Growing Confidence

Although there are some uncertainties, the Indonesian economy is well placed for what will now almost certainly be a sharp downturn in the world economy. Foreign reserves were at a record high at just under US$120 billion at the end of the second quarter, inflation was down to below 5 […]

Abdullah interfaith center set up in Vienna

By ARAB NEWS VIENNA/RIYADH: Saudi Arabia, Austria and Spain set up Thursday a new center for interfaith dialogue in Vienna. Austrian Foreign Minister Michael Spindelegger signed the founding document Thursday along with his Spanish and Saudi counterparts Trinidad Jimenez and Prince Saud Al-Faisal. “The dialogue with and between religious communities […]