Latest in Tag: Islamic Highlight

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Latest in Tag: Islamic


Turkey PM rebuffs criticism over press freedom

Erdogan’s speech to parliament followed a report by the US-based watchdog Freedom House earlier this month, which downgraded Turkey’s status from “partly free” to “not free” and said the country had seen the biggest decline in press freedom in Europe.

Daily News Egypt

Dubai to sell 15-year benchmark sukuk Tuesday

Reuters – The government of Dubai plans to sell a benchmark-sized, US dollar-denominated sukuk with a lifespan of 15 years on Tuesday, a document from lead managers said. Initial price thoughts on the Islamic bond have been set between 5% and 5.125%, the document said. Benchmark size is traditionally understood to mean at least $500m. …

Daily News Egypt

Bahrain’s Al Salam Bank launches Asian Islamic REIT

Reuters – Bahrain’s Al Salam Bank has launched a listed sharia-compliant real estate investment trust (REIT) that will invest in a portfolio of Asian properties, the lender said on Tuesday. The REIT will invest in between 15 and 35 properties and be managed by Swiss-based B&I Capital AG, with Al Salam providing seed capital for …

Daily News Egypt

Egypt sentences 26 to death over ‘terror group’: judicial sources

AFP – An Egyptian criminal court on Wednesday sentenced 26 people to death for founding and leading a “terror group” that aimed to target ships in the Suez canal, judicial sources said. The court referred the verdict to the mufti, a top Islamic official who under Egyptian law has to validate the sentence, and set March 19 for …

Daily News Egypt

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In Pictures: Islamic Art museum damaged by blast

The bombing that took place early morning on 24 January has affected the neighbouring Islamic Art Museum and the Egyptian National Library and Archives. A group of archaeologists and art restorers volunteered to form a taskforce, which visited yesterday the site of the museum to survey the damage. Photos By AFP

Daily News Egypt