Author: islamnewsday
How a new tech academy is helping Saudi Arabia train its next generation of app developers RIYADH: Saudi designers and entrepreneurs are making bold strides in the field of artificial intelligence, helped along by training schemes, mentors and new technologies provided by some of the world’s leading tech companies. Silicon Valley heavyweight Apple recently unveiled a new program to train students to use the latest emerging technologies, creating opportunities for Saudi Arabia’s tech-savvy workforce of the future. The Apple Developer Academy in Riyadh is among the institutions that will implement this training. Not only is it the first in the…
How a new tech academy is helping Saudi Arabia train its next generation of app developers RIYADH: Saudi designers and entrepreneurs are making bold strides in the field of artificial intelligence, helped along by training schemes, mentors and new technologies provided by some of the world’s leading tech companies. Silicon Valley heavyweight Apple recently unveiled a new program to train students to use the latest emerging technologies, creating opportunities for Saudi Arabia’s tech-savvy workforce of the future. The Apple Developer Academy in Riyadh is among the institutions that will implement this training. Not only is it…
RT interviews a representative of the frontrunner for the upcoming pollOn June 28, Iran will hold presidential elections following the tragic death of the country’s former president Ebrahim Raisi in a plane crash on May 19.Some believe that the president doesn’t have any real power in the Islamic Republic, but this is not true. The Iranian president does not have great influence over global issues such as the country’s foreign policy, national security strategy, or the nuclear program. However, he largely determines Iran’s domestic policy. He appoints the Council of Ministers and the heads of the main state institutions, and…
Macau’s economy secretary has emphasised the need to address rising demand for an Islamic dietary at a recent ceremony that recognised the culinary offerings of 17 enterprises in the city. 17 businesses, 12 of them food factories and five restaurants, were each awarded an accreditation by the Incorporated Trustees of the Islamic Community Fund of Hong Kong on Thursday. During the Halal Certificate Presentation Ceremony and Introduction to the Halal Certification Application Process organised by the Macao Trade and Investment Promotion Institute on Thursday, Lei Wai Nong, the Secretary for Economy and Finance, told participants that the city would welcome…
PARIS – France’s government on Wednesday ordered the dissolution of multiple extreme right and radical Muslim groups, four days before the first round of high-stakes legislative elections that may see a surge in support for political extremes.Snap national elections called by pro-business moderate President Emmanuel Macron have plunged the country into a hasty and disorderly electoral race, in which hate speech is becoming a growing concern.Interior Minister Gerald Darmanin announced on Wednesday that the government ordered the shutdown of several groups peddling extremist hatred. A series of decrees announcing the shutdown outlined investigations into the groups and said they posed…
Attempted arson on a mosque in Bochum that had been marked with a swastika, the door of a Muslim family in Saxony shot at by a far-right extremist neighbour, a woman pushed onto train tracks in Berlin after being asked if she belonged to Hamas. These are some of the record 1,926 anti-Muslim incidents registered in Germany last year by the CLAIM network of NGOs monitoring Islamophobia and anti-Muslim hatred. That marked a 114 percent rise in 2023, with incidents shooting up in particular after October 7. Yet authorities are paying insufficient attention to this phenomenon, and even denying its…
FILE – Residents look at candidates posters two days before polls open in Ulaanbaatar, Mongolia on June 26, 2024. Even in a busy year of elections, the next few days stand out. Voters go to the polls over the next week in fledgling democracies like Mauritania and Mongolia, in the Islamic Republic of Iran and in the stalwart democracies of Britain and France. (AP Photo/Ng Han Guan, File) By JAMEY KEATEN Associated Press Even in a busy year of elections around the world, the next few days stand out. Over the next week, voters go to the polls in fledgling…
ALMATY, Kazakhstan, June 27. The first day of the Annual meeting & Business Forum of the Eurasian Development Bank (EDB) has wrapped up in Almaty, Kazakhstan, Trend reports. The first day featured sessions on “Islamic Finance in Central Asia,” “Water, Energy, and Food in Central Asia: Partnerships and Projects for Sustainable Development,” and “The Eurasian Transport Network: Potential, Challenges, and Solutions.” Participants discussed the growth of Islamic finance in Central Asia, global trends in Islamic finance and banking, and the coordination of the “water, energy, and food” nexus. They also explored cooperation between multilateral development banks and international organizations to…
Published: Thu 27 Jun 2024, 3:52 PM Last updated: Thu 27 Jun 2024, 3:53 PM GCC countries, Malaysia, Indonesia, and Turkiye are increasingly major emerging-market (EM) debt issuers, Fitch Ratings says. In the first five months of 2024, they accounted for 51 per cent of all US dollar debt issued by EMs (excluding China; 2023: 43.7 per cent; 2020: 32.8 per cent). “We expect this growth to continue in 2024–2025, driven by government initiatives to develop the debt capital markets (DCM), diversify funding, finance fiscal deficits, government projects, and maturing debts. Sukuk is also maturing as a key funding and…
The leader of Pakistan’s Jamiat Ulema-e-Islam announced that within three to four months, the “Islamic Emirate” will rule over Khyber Pakhtunkhwa.Fazl-ur-Rehman stated in the National Assembly of Pakistan that the Taliban will take over North and South Waziristan, Dera Ismail Khan, Lakki Marwat, Bannu, and other areas.The leader of Pakistan’s Jamiat Ulema-e-Islam criticized the “Operation Resolve” military operations during his speech in the National Assembly on Wednesday, June 26th; the country’s prime minister and interior minister, Shahbaz Sharif, also attended this session.This Pakistani cleric stated, “The decision of military operations against semi-regulars is a move towards instability.”He has opposed terrorism…
The Eurasian Development Bank (EDB) is moving into Central Asia’s small but growing Islamic finance sector, with plans to open an Islamic banking window in 2025. The regional development bank’s chairman Nikolai Podguzov told journalists during the EDB annual meeting and business forum in Almaty on June 27 that the bank sees “great demand” for Islamic finance in Central Asia, where its members include Kazakhstan, Kyrgyzstan and Tajikistan. “Our focus is to establish an Islamic window in the Eurasian Development Bank. This is not an easy process, but I hope all the preparations will be finished by the end of the…
KUALA LUMPUR, June 27 (Bernama) — Central Asian countries such as the Kyrgyz Republic, Kazakhstan and Uzbekistan regarded Malaysia as an exemplary model of an Islamic country, the Dewan Rakyat was told today. Foreign Minister Datuk Seri Mohamad Hasan said this is because Malaysia adopts a moderate attitude at the international level in addition to an independent foreign policy including in defending the rights of the Palestinians. He said Prime Minister Datuk Seri Anwar Ibrahim, during his visits to the three countries last month, was welcomed with high respect by his counterparts. “The prime ministers of the three countries personally greeted our Prime…
On the fortieth day after the death of the Iranian President Sayyed Ebrahim Raeisi and his companions in the tragic incident, Hezbollah Secretary General Sayyed Hasan Nasrallah addressed the memorial held in Tehran to mourn the martyrs through a recorded video message, Al-Manar TV English website reported. Nasrallah offered again, on behalf of all the Resistance fighters and factions, the martyrs families and the Iranian leadership and people deep condolences on the major loss. Undoubtedly, the incident was very painful, yet believers always accept the fate decided by Holy God, Sayyed Nasrallah affirmed, adding that, as Imam Khamenei says, threats…
The Eurasian Development Bank (EDB) is moving into Central Asia’s small but growing Islamic finance sector, with plans to open an Islamic banking window in 2025. The regional development bank’s chairman Nikolai Podguzov told journalists during the EDB annual meeting and business forum in Almaty on June 27 that the bank sees “great demand” for Islamic finance in Central Asia, where its members include Kazakhstan, Kyrgyzstan and Tajikistan. “Our focus is to establish an Islamic window in the Eurasian Development Bank. This is not an easy process, but I hope all the preparations will be finished by the end of the…
Published: Mon 20 Jul 2020, 4:58 PM Last updated: Mon 20 Jul 2020, 7:01 PM Emirates Islamic reported on Monday a net profit of Dh12 million for the first half of 2020, and attributed the drop “to the prudent actions taken by the bank to create higher impairment” on its financing and investment book to cater to the future impact of Covid-19.The bank’s total income declined by 15 per cent year on year to Dh1.1 billion as its total assets dropped one per cent to Dh64.2 billion in the first half, the Dubai-based Islamic finance institution said in a statement.For…
KUALA LUMPUR, June 27 (Bernama) — Central Asian countries such as the Kyrgyz Republic, Kazakhstan and Uzbekistan regarded Malaysia as an exemplary model of an Islamic country, the Dewan Rakyat was told today. Foreign Minister Datuk Seri Mohamad Hasan said this is because Malaysia adopts a moderate attitude at the international level in addition to an independent foreign policy including in defending the rights of the Palestinians. He said Prime Minister Datuk Seri Anwar Ibrahim, during his visits to the three countries last month, was welcomed with high respect by his counterparts. “The prime ministers of the three countries personally greeted our Prime…
The issuance received tremendous response from international investors, attracting orders that peaked at $1.5 billion Read more… By WAM Published: Thu 27 Jun 2024, 9:32 PM Sharjah Islamic Bank (SIB) successfully closed a $500 million sukuk in the international capital markets on Wednesday. The issuance received tremendous response from international investors, attracting orders that peaked at $1.5 billion meaning more than 3x over subscription. The sukuk has maturity of 5 years and was priced at spread of 105 bps + 5 years US Treasuries. The sukuk will bear a profit rate of 5.25% per annum with maturity on 3rd July…
The Bangladesh Islamic Centre, a corporate sponsor of Islami Bank Bangladesh, one of the largest commercial banks in Bangladesh, plans to sell its entire stake in the bank. In a disclosure posted on the websites of both stock exchanges today, the Islamic Centre announced its intention to sell its entire 34 lakh shares in Islami Bank. Based on Islami Bank’s current share price of Tk32.60 each at the Dhaka Stock Exchange (DSE) on Thursday, the total value of these shares amounts to Tk11.08 crore. According to the disclosure, the Islamic Centre plans to sell all the shares within 30 working…
France’s government on Wednesday ordered the dissolution of extreme right and radical Muslim groups, four days before the first round of high-stakes legislative elections that may see a surge in support for political extremes. Snap national elections called by pro-business moderate President Emmanuel Macron have plunged the country into a hasty and disorderly electoral race. Immigration, France’s retirement age and taxes emerged as top points of contention as the prime minister and two potential challengers for his job held a televised debate Tuesday night. Quick Read France’s government has banned extreme-right and radical Muslim groups ahead of legislative elections. The…
Emmanuel Macron has ordered the dissolution of far-right and radical Islamic groups amid fears they could push voters to support National Rally.The French Government announced the change on Wednesday, just four days before the firrst round of the upcoming legislative elections.Macron’s snap poll appears to have put at risk the centrist coalition that could face being outflanked on the left and the right.Interior Minister Gerald Darmanin ordered the shutdown of several groups accused of peddling extremist hatred.Emmanuel MacronREUTERSGUD, known for violence and antisemitism, is included in the banned list.The group is known to have members who supported Marine Le Pen…
Following the martyrdom of Martyr Ayatollah Dr. Sayyid Mohammad Hosseini Beheshti and his disciples, Imam Khomeini said Iran nation is proud of presenting such persons who devoted themselves in the way of Islam and Muslims. People۰۳۹;s enemies martyred a group who had gathered for discussing about country’s policy… “Iran nation lost ۷۲ innocent people in this event, and the number is the same as it was in Karbala. Iran nation is proud of presenting such persons who devoted themselves in the way of Islam and Muslims. People۳۹;s enemies martyred a group who had gathered for discussing about country’s policy…..” After…
Issue was oversubscribed more than three times Read more… Published: Thu 27 Jun 2024, 7:07 PM Last updated: Thu 27 Jun 2024, 7:08 PM Sharjah Islamic Bank (SIB) successfully closed a $500 million sukuk in the international capital markets on Wednesday. The issuance received tremendous response from international investors, attracting orders that peaked at $1.5 billion, meaning that the issue was oversubscribed more than three times. The sukuk has maturity of five years and was priced at spread of 105 basis points + five years US Treasuries. The sukuk will bear a profit rate of 5.25 per cent per annum…
OSCE High Commissioner on National Minorities Kairat Abdrakhmanov met with the leadership of the Organization of Islamic Cooperation (OIC) in Saudi Arabia on 24 June 2024 to discuss tangible ways to reinforce co-operation on issues of mutual interest.Abdrakhmanov discussed conflict prevention, and peaceful resolution of conflicts, mediation, promoting youth and women’s empowerment with the OIC Secretary-General Hissein Brahim Taha and the members of his cabinet. He stressed the importance of multilateral organizations coming together to create opportunities for all to achieve goals common to both organizations. Additionally, they explored approaches to managing diversity in the OSCE and OIC areas, focusing…
France’s government on Wednesday ordered the dissolution of extreme right and radical Muslim groups, four days before the first round of high-stakes legislative elections that may see a surge in support for political extremes. Snap national elections called by pro-business moderate President Emmanuel Macron have plunged the country into a hasty and disorderly electoral race. Immigration, France’s retirement age and taxes emerged as top points of contention as the prime minister and two potential challengers for his job held a televised debate Tuesday night. Interior Minister Gerald Darmanin announced Wednesday that the government ordered the dissolution of multiple extreme-right and…
Bushra Bibi is the third wife of Imran Khan, a former cricketing hero (File)Islamabad: A district and sessions court in Islamabad declined the pleas of former Pakistan Prime Minister Imran Khan, as well as his wife, Bushra Bibi, to suspend their seven-year sentences in the Iddat Case on Thursday, reported Dawn.The verdict, which had been reserved on Tuesday was notably announced by Additional District and sessions judge (ADSJ) Afzal Majoka today.Lawyers, women activists, and members of civil society all harshly condemned the Iddat conviction as a “blow to women’s right to dignity and privacy.”The ruling had been met with protests…