Islamic Community

http://www.bbc.co.uk/news/world-middle-east-22925436# Iraq car bombings: Attacks hit mainly Shia cities 16 June 2013 A wave of car bombings across central and southern Iraq has killed at least 30 people, police and medics say. Most of the attacks took place in cities with a high concentration of Shia Muslims – including Kut, Najaf, Mahmoudiya, Nasiriya and Basra.… Continue Reading

http://www.bbc.co.uk/news/world-asia-22925058# Pakistani city of Quetta in shock after double attack 16 June 2013 A day of official mourning has been declared in the Pakistani city of Quetta after 25 people were killed by gunmen in twin attacks on Saturday. After a bomb on a bus killed 14 female students and injured 22, militants attacked a… Continue Reading

http://www.reuters.com/article/2013/06/11/arcapita-bankruptcy-approval-idUSL2N0EN1EQ20130611?feedType=RSS&feedName=bankruptcyNews Arcapita’s novel sharia bankruptcy plan approved By Tom Hals June 11 | Tue Jun 11, 2013 2:23pm EDT June 11 (Reuters) – Bahrain investment firm Arcapita Bank received approval from a U.S. Bankruptcy Court on Tuesday for its plan to repay creditors, thought to be the first that is compliant with sharia, Islamic law.… Continue Reading

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/06/10/bankrupt-arcapita-gets-initial-ok-for-175m-goldman-loan.aspx   06/10/2013 01:35:21 PM EST Bankrupt Arcapita Gets Initial OK For $175M Goldman Loan Posted by Law360: Bankruptcy Bahrain’s Arcapita Bank BSC received interim approval Monday for a $175 million loan from Goldman Sachs Group Inc. and, separately, saw Tide Natural Gas Storage I LP withdraw its objection to the bank’s Chapter 11 plan… Continue Reading

http://www.reuters.com/article/2013/06/09/idbgroup-court-idUSL5N0EL08N20130609 Israeli court ruling marks new phase in IDB ownership battle By Tova Cohen TEL AVIV, June 9 | Sun Jun 9, 2013 8:24am EDT (Reuters) – A Tel Aviv court set a late August deadline on Sunday for indebted Israeli conglomerate IDB Holding to sell its stake in an insurance firm, giving its chairman… Continue Reading

http://economictimes.indiatimes.com/news/international-business/islamic-banks-can-help-fund-asias-infrastructure-needs/articleshow/20428068.cms Islamic banks can help fund Asia’s infrastructure needs By AFP | 4 Jun, 2013 SINGAPORE: Islamic banks can help finance Asia’s burgeoning infrastructure investment needs while continuing to adhere to fundamental Sharia tenets, executives said today. Islamic banks, which emerged relatively unscathed from the global ….”

  http://online.wsj.com/article/SB10001424127887324063304578523281001897540.html?mod=pls_whats_news_us_business_f Abu Dhabi, Dubai to Merge Aluminum Assets June 3, 2013 BY ASA FITCH, RORY JONES AND ALEX MACDONALD The governments of Abu Dhabi and Dubai said they would merge their aluminum-production ventures to create one of the world’s largest smelters, part of efforts to use abundant energy supplies to diversify the regional economy… Continue Reading

http://allafrica.com/stories/201305311205.html Egypt: New Draft Law an Assault On Independent Groups – Scrap or Amend Repressive Provisions 30 May 2013 press release New York — The draft Associations Law that Egypt’s president put before the country’s legislature on May 29, 2013, would allow the government and its security agencies to arbitrarily restrict the funding and operation… Continue Reading

http://www.lexisnexis.com/community/bankruptcylaw/blogs/mealeys/archive/2013/05/28/arcapita-seeks-175m-bankruptcy-loan-from-goldman-sachs.aspx 05/28/2013 03:08:48 PM EST Arcapita Seeks $175M Bankruptcy Loan From Goldman Sachs Posted by Law360: Bankruptcy Arcapita Bank BSC on Monday asked a New York bankruptcy court to allow Goldman Sachs Group Inc. to provide the Bahraini bank with a $175 million bankruptcy loan to pay off a debtor-in-possession financing agreement with Fortress Investment… Continue Reading

http://www.independent.co.uk/news/business/news/saudi-giant-aramco-snaps-up-slice-of-exeter-tiddler-8632272.html Saudi giant Aramco snaps up slice of Exeter tiddler Mark Leftly | Sunday 26 May 2013 Saudi Aramco, the world’s biggest oil producer, has taken a 25 per cent stake in a tiny Exeter-based manufacturer of drilling products. Saudi Arabia’s 80-year-old state oil company and Calculus Capital – which recently ….”