Middle East & Africa
Postcards
Egypt New
Recently, Egypt’s National Bank for Development (NBD) announced that it was offering two new Islamic-banking oriented products – Islamic bonds or sukuk, and yusr murabaha, a personal finance product. Add these to the bank’s other Islamic products, and you will observe an increasing trend – the emergence of Islamic banking.
Read more
Monthly Economic Reviews
Middle East New
Economies of the Middle East performed well in the fourth quarter, particularly Israel and Egypt while South Africa continued on its path of growth, which began in December 2009.
Read in HTML > PDF Report >
Country Profiles
Israel Updated
The downturn finally took its toll on Israel as the country faced its first recession
in eight years by May 2009, as its economy contracted for a second consecutive quarter.But
thanks to the Central Bank’s close and efficient monitoring of the economy,Israel
become the first developed market to raise interest rates in September 2009.
Read in HTML > PDF Report >
Morocco
The country made famous by the Hollywood classic “Casablanca,” Morocco or the Kingdom of the West is an enchanting tourist destination at the junction of Africa and Europe.
Read more
Egypt
Grit from the desert swirls around in blazing winds, as the shadows of the pyramids lengthen on the desert sands. On the other side, a salty breeze mingles with sweat as people walk along the shores of the Mediterranean, and across the shimmering streets the sun sets on this charming potpourri of history and modernity.
Read more