Zabiha News

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!“Members of Saudi Arabia’s royal family spent enough during a visit to the Mayo Clinic to give the area’s economy a shot in the arm, according to Rochester, Minnesota, officials.
Rochester officials say Saudi Arabian King Abdullah bin Abdulaziz arrived [...]

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“The foreign ministers of the Islamic Republic of Iran and the United Arab Emirates have signed an accord to set up a joint commission.
“Establishing this commission is an important step in strengthening bilateral ties,” said Manouchehr Mottaki at a joint press conference in Tehran with his Emirati counterpart Sheikh Abdullah bin Zayed al-Nahyan.
“The signing of [...]

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“Financial institutions and the government are considering introducing Islamic banking and its principles to the Australian financial system.
Industry experts say Islamic banking is one of the fastest growing sectors in the global banking industry, and is worth an estimated $US200 billion worldwide.
The Asialink Islamic Banking Colloquium, held in the Australian city of Melbourne, has heard [...]

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“With Pakistan forced to ask the International Monetary Fund (IMF) Wednesday for help avoiding bankruptcy, its government is learning that having friends in high places doesn’t always pay.
Pakistan, a frontline country in fighting global Islamic militancy, counts wealthy nations like the United States, China, and Saudi Arabia among its friends – all of [...]

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“Dozens of Muslim investors claim a former board member of a national Islamic group defrauded them.
Attorney Salman Azam represents the investors. He says real estate firm Sunrise Equities allegedly targeted South Asian Muslims who wanted to invest according to Islamic law.
Sunrise was headed by Salman Ibrahim, former board member of the Shariah (shuh-REE’-uh) Board of [...]

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“Soaring food prices have led to violent riots and swift setbacks in the global fight against poverty this year. But in Afghanistan, which has been hit particularly hard by the spike in wheat prices, a silver lining to the food crisis is emerging. The high price of wheat might be accomplishing something the international drug [...]

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Submitted by Zabiha News: Maybe the financial giant of the Middle East has awoken. Challenged and impressed by Dubai’s economic rise, Saudi Arabia has begun the diversification of its economy making it less dependant on oil.
King Abdullah has blessed the construction of six new cities in Saudi Arabia to diversify and magnify Saudi [...]

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