Middle East and North Africa

Middle East and North Africa

Dubai’s Islamic Economy Targeted to Make Up 10% of GDP by...

The government taskforce set up to develop Dubai’s Islamic economy aims to grow the sector’s contribution to the emirate’s gross domestic product to 10...

Qatar Partners Malaysia, Turkey to Conquer Islamic Finance Market

Qatar is planning an ambitious new initiative with Malaysia and Turkey to serve the $2 trillion global Islamic finance market from hubs in the...

Oil and Global Stock Slide Hits Gulf but COMI Buoys Egypt

Major Gulf stock markets fell on Thursday because of sliding oil prices and weak global bourses after the U.S. Federal Reserve hiked interest rates,...

Ento Announces $191mn Sharia-Compliant Fund to Finance Wonderland Project

A regulated entity of the Dubai Financial Services Authority (DFSA), Ento Capital has launched The Ento Wonderland Fund (CEIC) which is a Sharia-compliant income...

With Responsible Finance on the Rise in the Middle East, the...

After two successful Summits in Zurich, Switzerland, the Responsible Finance & Investment Foundation and Swiss Arab Network will hold the RFI Summit 2019 in...

Islamic Development Bank Approves $282m Budget for Next Year

The Islamic Development Bank has approved $281.55m for development projects in its member states, it announced this week. In a statement yesterday, the bank...