Yousif Khalaf, CEO of Ajman Bank, predicts that the financial woes of the present will increase demand for Islamic banking. Hence, the bank is focusing its expansion efforts within UAE.
Pete Ajemian, Middle East Media blogger for FPA, has a post up debriefing Nasrallah's denial of this connection.
This weekend Kuwait's government bailed out the country's second largest bank , Gulf Bank, guaranteeing all its deposits. (I’d be interested to know why this article from the Kuwait Times puts the word “losses” in scare quotes). Yesterday, Kuwaiti traders staged their second walk out of the past week (they walked out Thursday as well; […]
After a two years break the leaders of Future Movement and Hizballah met on Sunday. The press learned about the meeting on Monday. A joint statement said that both leaders stressed national unity, while reiterating their common position regarding peace as well as the need to take all necessary measures to prevent internal tensions and […]
Beqaa valley is renowned world wide. Not for touristic purposes mind you. Its for drugs and weapons smuggling. Months ago the government said that a large part of the poppy cultures were destroyed. A trip to the Beqaa will prove otherwise. I did not read any statistics on the country's drug issue, but talking with […]
(of which I am one), the LA Times has a backgrounder. Livni has a two week extension on her coalition-building deadline, so we’ll need to continue following the coalition negotiations until Nov. 3.
Mohammad Raheem embraces his daughter after a spate of violence outside their Baghdad home, courtesy of the NYT's Baghdad Bureau.
Umer Chapra, Saudi economist and winner of the King Faisal International Prize for Islamic Studies, is quoted in the Arab News as saying that adopting the parameters of Islamic finance would protect the financial system from crises the nature of the current one in the future. Dr. Chapra was raised in Pakistan and received his […]
IBM is opening the region's first nanotechnology center in Egypt, and some private companies are working to introduce nanotechnology to Egypt's youth.
I met Minister Tarek Mitri a while ago. You can read the interview on WSN. “…. and you have the fact that you need the good offices, in times of crises, of some third party. However, this is only one part of the answer. The other is that Lebanon's conflict and tensions have more than […]
More evidence of the intimate connections between violent Islamic groups and other criminal organizations. Of course, whether Hezbollah can be accurately characterized as a terrorist group is subject to debate. The United States government says it is, while the Lebanese Parliament – and the group itself – consider it a political party with a military […]
An interview with Mohammad Fneish [Hizballah] explaining that May events were a solution. “… Hizbollah acted when the other side tried to undermine the resistance. It had nothing to do with the balance of power in terms of the internal political situation. They threatened the resistance. We weren't the only ones to be using weapons, […]
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