DOHA, Qatar (MNTV) — Qatar’s Islamic finance industry expanded to Qatari riyals 683 billion ($187.63 billion) in 2024, marking a 4.1% year-on-year growth driven by resilient performance in Islamic banking, a sharp rise in sukuk issuance, and steady gains in takaful and investment sectors. According to the latest Qatar Islamic Finance Report by...
DAMASCUS, Syria (MNTV) — Syria is set to reconnect with the global financial system by rejoining the SWIFT international payments network within the coming weeks, marking a pivotal milestone after more than a decade of economic isolation, according to the Financial Times. The development follows the recent removal of U.S. and European Union sa...
ISTANBUL, Türkiye (MNTV) — Türkiye’s manufacturing sector saw a continued improvement in external demand conditions in May, marking the 17th consecutive month of positive momentum, according to the Istanbul Chamber of Industry (ISO). The Manufacturing Export Climate Index, a key gauge of demand trends in Türkiye’s primary export markets, rose ...
Bank Muscat, BankDhofar, NBO, and Sohar International recognized for strong performance in sales, profits, and assets MUSCAT, Oman (MNTV) — Four leading financial institutions from Oman have been named among the Middle East’s top 50 banks by Forbes Middle East, in recognition of their financial strength and contributions to regional economic g...
New incentives aim to boost gold output and economic diversification through international collaboration ALGIERS, Algeria (MNTV) — Algeria has issued a national invitation to foreign mining firms to participate in the development of its gold reserves, as part of a broader drive to modernize its mining sector and reduce dependency on hydrocarbo...
With just a month to go before the US imposes a 24% tariff on Malaysian goods, exporters are warning of devastating consequences PETALING JAYA, Malaysia (MNTV) — Malaysian exporters have raised alarm over the looming 24% U.S. tariff set to take effect in a month, warning that more than half of the sector could face […]
Philippine Deposit Insurance Corporation expands coverage to Islamic banks DAVAO CITY, Philippines (MNTV) – The city of Davao in the Philippines is poised to become a hub for Islamic banking in the Philippines, reports Philippine Information Agency. The Consulate General of Malaysia and the Davao City Muslim Affairs Office (DMAO) recen...
SYDNEY, Australia (MNTV) – The 2025 Women’s Business Expo, organized by the Sisters Wing of the Islamic Circle of Australia and New Zealand (iCAN) attracted hundreds of women to Auburn Town Hall in Sydney. The event, themed “Empower. Elevate. Excel,” featured 45 stalls, dynamic speakers, and award ceremonies that honore...
Government-backed initiative offers low-interest loans and prioritizes inclusivity to expand women’s role in national economy MALE, Maldives (MNTV) — The Maldivian government is launching a nationwide loan programme aimed at empowering women entrepreneurs and improving access to finance for underrepresented groups, in a broader effort to foste...
Agreements cover rail links, financial settlements, tech center, and labor research collaboration DUSHANBE, Tajikistan (MNTV) — Iran and Tajikistan have signed four memoranda of understanding (MoUs) aimed at strengthening bilateral cooperation across key sectors including transport, technology, labor, and financial settlements. The agreements...
