Wednesday 1 October 2014
 
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Islamic

French, US planes strike Islamic State in Iraq, Syria

French fighter jets struck Islamic State targets in Iraq yesterday (September 25), and the United States hit them in Syria, as a US-led coalition to fight the militants gained momentum with an announcement that Britain would join.

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IS planning attacks on Paris, US subway systems

Iraq has received ‘credible’ intelligence that Islamic State militants plan to launch attacks on subway systems in Paris and the US, Iraqi Prime Minister Haider Al-Abadi said. "Today, while I am here, I am receivi

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How Islamic State uses Syria's oil to fuel its advances

In an oil field in northeastern Syria, a queue of trucks lines up daily to load crude sold cheaply by Islamic State militants who have hijacked parts of the country's energy industry in their bid to build a caliphate. Sales at Sha

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IIRA reaffirms ABC Islamic Bank ratings

The Islamic International Rating Agency (IIRA) has reaffirmed the ratings of Bahrain-based ABC Islamic Bank at A+/A-1 on the national scale (long-term and short-term respectively), and A-/A-2 on the international scale with a 'Stable' ou

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Islamic finance in focus at Bahrain conference

More than 1,300 high-level industry professionals from over 50 countries will take part in major Islamic banking conference in Bahrain. The the 21st annual edition of the World Islamic Banking Conference (WIBC 2014) will be held u

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For Assad, US plan will weaken one foe but bolster others

By striking Islamic State in Syria, the United States would be weakening one of President Bashar Al-Assad's major enemies. But the new US strategy may still unnerve Assad by helping other opponents determined to overthrow him.

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Islamic finance issues to be probed at Dubai forum

Bahrain’s His Majesty King Hamad and His Royal Highness Prime Minister Prince Khalifa bin Salman Al Khalifa have been invited by UAE Vice-President, Prime Minister and Ruler of Dubai Shaikh Mohammed bin Rashid Al Maktoum to attend the 10th

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IFSB–BIBF to debut ‘Islamic Finance Executive Programme’

The Islamic Financial Services Board (IFSB) and the Bahrain Institute of Banking and Finance (BIBF) are set to debut their joint IFSB-BIBF Islamic Finance Executive Programme (IFEP) series next month. The series, under the theme &

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In northeast Syria, Islamic State builds a government

In the cities and towns across the desert plains of northeast Syria, the ultra-hardline Al Qaeda offshoot Islamic State has insinuated itself into nearly every aspect of daily life. The group famous for its beheadings, crucifixion

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Goldman Sachs plans debut sukuk issue for $500m

Goldman Sachs is reviving plans to raise at least $500 million with its first issue of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money. The US bank will mee

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