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Banking and Finance

Banking and Finance latest

International Islamic Trade Finance Corporation (ITFC) signs US$1 billion Framework Agreement with Burkina Faso to support agriculture, energy and private sector trade
June 21st, 2026 - 04:49 GMT

International Islamic Trade Finance Corporation (ITFC) signs US$1 billion Framework Agreement with Burkina Faso to support agriculture, energy and private sector trade

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, has signed a US$1 billion Framework Agreement with the Government of Burkina Faso to support trade finance activities over the next five years across agriculture, energy, health, and private sector development. The agreement was signed on the sidelines of the 2026 IsDB Group Annual Meetings in Baku during a meeting attended by H.E. Dr. Aboubakar Nacanabo, Minister of Economy, Finance and Foresight of Burkina Faso, and Eng. Adeeb Yousuf Al Aama, Chief Executive ...
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The total sukuk issuances for 2013 were $120 billion. (Image credit: Shutterstock)
January 8th, 2014 - 07:21 GMT

Report: 2013 was a record year for Sukuk issuances

Turkey's central bank, statutorily independent, is trying to prop up the lira by selling dollars from its reserves.
January 7th, 2014 - 05:44 GMT

The corruption saga continues: Turkish lira hits record low

Brown spearheaded a letter signed by more than one-third of Democratic senators urging President Obama to nominate Yellen to lead the Federal Reserve System.
January 7th, 2014 - 05:23 GMT

For the first time ever, a woman is about to lead the US Fed

Shake n' Save
January 7th, 2014 - 11:44 GMT

Emirates NBD makes savings easier with launch of ‘Shake n' Save’ mobile savings product

Saudi Arabia has already deported 60,000 migrant workers as part of its Saudization movement (Courtesy of Zawya)
January 7th, 2014 - 10:48 GMT

For the "deserving"? Saudi Arabia introduces new welfare program for select citizens

Al Bawaba
January 7th, 2014 - 10:48 GMT

NBAD Fursati explores entrepreneurship opportunities for Women

Al Bawaba
January 7th, 2014 - 05:03 GMT

Smart Pay extends financial aid through Smart Pay Care

Dubai was already an important Islamic finance center, but the Emirate sees the story as larger than one of just banking.
January 7th, 2014 - 03:55 GMT

Islamic finance in 2014: on the verge of a tipping point?

Some analysts believe that a lack of awareness about various Islamic banking options underlies why the sector has suffered in Lebanon (Shutterstock)
January 6th, 2014 - 09:32 GMT

Why Islamic Finance is failing in Lebanon

Egypt's stock market has continued to rise since Fitch upgraded the country's economic outlook Friday from negative to stable (Courtesy of Al Jazeera)
January 6th, 2014 - 09:08 GMT

Nothing to "Fitch" about: Egypt stocks continue to rise after economic outlook upgrade

The new investment tools add greater in-depth to the country’s financial markets.(Image credit: Shutterstock)
January 6th, 2014 - 08:16 GMT

UAE issues new financial instruments to boost stock market

Al Bawaba
January 6th, 2014 - 07:40 GMT

Falcon Private Bank to introduce its Hong Kong private banking business to EFG Bank

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