Middle East & Africa

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.

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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.
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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.
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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.
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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.
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