AlHuda Centre of Islamic Banking & Economics (CIBE) and AKHUWAT from Pakistan will be the hosts of World’s Largest Conference on Islamic Microfinance. The conference will be held on June 13, 2011 at Faisal Auditorium Islamabad and delegates from 12 countries and 800 participants will attend this event. Through this […]
The Kahn rape case is indicative of divisions developing within the global financial elites, dr. Paul Craig Roberts says in an interview with Alex Jones. Kahn was obviously set up to be taken off the scene, one of the reasons could be his developing criticism of the ruthless role of […]
This article was adapted from “Reckless Endangerment: How Outsized Ambition, Greed and Corruption Led to Economic Armageddon,” by Gretchen Morgenson, a business reporter and columnist for The New York Times, and Joshua Rosner, a managing director at the independent research consultant Graham Fisher. The book is to be published on […]
On the rare occasion that New Yorkers talk about farming, it’s usually something along the lines of what sort of organic kale to plant in the vanity garden at the second house in the Adirondacks. But on a recent afternoon, The Observer had a conversation of a different sort about […]
By ARAB NEWS RIYADH: Saudi Arabia has pledged $4 billion in aid to Egypt, the chief of Egypt’s ruling military council said Saturday. The aid will be in the form of soft loans, deposits and grants, Field Marshal Mohamed Hussein Tantawi, head of the council, was quoted by Egypt’s MENA […]
Some believe it is about protecting civilians, others say it is about oil, but some are convinced intervention in Libya is all about Gaddafi’s plan to introduce the gold dinar, a single African currency made from gold, a true sharing of the wealth. “It’s one of these things that you […]
(CNN) — Next time Grandma asks why you’re going to the mall on Sunday morning instead of church, tell her you’re going to Apple Chapel. For Apple fans, the brand triggers a reaction in the brain that’s not unlike that of religious devotees, according to a BBC documentary series that […]
(CNN) — One out of three Africans are now middle class, according to a new report — but can that really be true? A report released last week by the African Development Bank (AFDB) said that Africa’s middle class — defined as people spending between $2 and $20 a day […]
DHAKA – BANGLADESH has leased tens of thousands of hectares of farmland in Africa as part of a government drive to improve food security in the poverty-stricken South Asian nation, an official said on Tuesday. Two Bangladeshi companies have leased 40,000 hectares of land in Uganda and Tanzania and another […]
KUNMING – Starbucks will continue its expansion in the Chinese mainland market, planning to have 1,500 cafes in operation by 2015, said an official from the company. Wang Jinlong, chairman of the board of Starbucks Greater China, revealed the plan Wednesday at a ribbon-cutting ceremony for a new Starbucks cafe in […]
New York Times May 18, 2011 Getting Smart on Aid By NICHOLAS D. KRISTOF One cost of the uproar over Greg Mortenson, and the allegations that he fictionalized his school-building story in the best-selling book “Three Cups of Tea,” is likely to be cynicism about whether aid makes a difference. […]
(Reuters) – The number of Americans filing new claims for unemployment benefits fell more than expected last week, offering hope the labor market recovery remains on track. Initial claims for state unemployment benefits fell 29,000 to a seasonally adjusted 409,000, the Labor Department said on Thursday, continuing to unwind the […]
In his first comprehensive response to revolts across the Arab world, President Barack Obama is doling out punishment and praise, targeting Syrian President Bashar Assad for attacking his people but also promising fresh U.S. aid to nations that support democracy. Obama is also trying to erase any doubt that the […]
SAN FRANCISCO — Sam Lessin sold his Web start-up to Facebook for millions last year, and Facebook promptly shut it down. All Facebook wanted was Mr. Lessin. That is what it has come to in bubbly Silicon Valley. Companies like Facebook, Google and Zynga are so hungry for the best […]
On a sunny Friday afternoon in June 2003, Rajat Gupta was greeted at his waterfront home in Westport, Connecticut, by scores of his McKinsey & Co. partners. They had come from London, Frankfurt, New Delhi and other cities around the world — and brought along an elephant, which they tethered […]
Oil dropped again on Monday, and drivers are starting to see a little relief at the gas pump just ahead of the summer driving season. The average price for a gallon of regular was $3.955 nationally. That’s down about 3 cents from Friday, but still nearly 14 cents more than […]
Fareed Zakaria: How to beat bribery One out of every four people on this planet paid a bribe last year. Bribery has been said to cost the world $1 trillion a year. The United Nations says bribes accounted for one fourth of Afghanistan’s annual GDP. So I was intrigued to […]
Throughout the current economic and financial crisis one contrarian statistic has stood out. Financial assets offered by the Islamic Financial Services Industry (IFSI) and generally classified as “Shariah-compliant,” were less affected by the crisis. Economist Loretta Napoleoni during a lecture at the University of New Mexico proclaimed, “Islamic finance … […]
‘Tis the season to bring your clutter to the curb and offer it to the masses for free. It’s also the time of year to dust off your two-wheeler, pump up the tires, oil the chain, and—if it’s even in the realm of possibility—pedal your bicycle to work. May 14, […]
BP has finally been given permission to start deepwater exploration off the coast of Brazil after having to wait more than a year for approval from the national regulator in the wake of the Macondo well tragedy The Brazilian National Petroleum Agency (ANP) finally sanctioned BP’s purchase of Devon Energy’s […]