A 13th century mosque that fell into disrepair after being used over the years as a soap factory, a slaughterhouse, and a fort reopened in Cairo recently after undergoing a long restoration. The mosque of Al-Zahir Baybars, built under Mamluk rule in 1268, spans an area of three acres just north of central Cairo, making…
Jakarta (ANTARA) – The Indonesian government has increased its shares in the Islamic Development Bank (IsDB), making it the third-largest shareholder of the institution after Saudi Arabia and Libya, according to a statement released on Sunday. At IsDB’s 48th Annual Session in Jeddah, Saudi Arabia, held on May 10-13, 2023, the institution’s board of governors…
RIYADH: In a bid to address the ongoing global crises, the Islamic Development Bank Group signed 77 financing agreements worth SR5.4 billion ($1.44 billion) with 24 member countries as it concluded its annual meeting in Jeddah, the Saudi Press Agency reported. Mohammad Al-Jasser, chairman of the group, said the agreements seek to promote various sectors…
MAKKAH: The Head of the Presidency for the Affairs of the Two Holy Mosques announced recently that the higher Saudi authorities have issued approval to name the Mataf Expansion Building Project at the Grand Mosque as Saudi portico, the Saudi Press Agency reported. Sheikh Abdul Rahman Al-Sudais said that the Saudi portico that surrounds the…
Riyadh, KSA: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank (IsDB) Group, is proud to announce that it is the recipient of the prestigious Global Trade Review (GTR) Leaders in Trade Award for Islamic Finance in Trade. This esteemed accolade was presented to…
The Peninsula Doha: Dukhan Bank has achieved another worldwide recognition for the outstanding quality of its private banking service by winning the World’s Best Islamic Private Bank award at Global Finance World’s Best Islamic Financial Institutions Awards for 2023 for the second year in a row. This significant achievement follows the bank’s successful transformation into…
LONDON: May 22: Tipu Sultan’s fabled bedchamber sword sold for £14 million at Bonhams Islamic and Indian Art sale in London on Tuesday, May 23, 2023. It had an estimate of £1,500,000-2,000,000. This is a new auction world record for both an Indian and Islamic object. Nima Sagharchi, Group Head of Islamic and Indian Art,…
Makkah: General President of the Affairs of the Grand Mosque and Prophet’s Mosque Sheikh Dr. Abdulrahman bin Abdulaziz Al-Sudais declared that the total number of male and female worshipers who visited the Grand Mosque during the first 20 days of Ramadan amounted to more than 22 million people. Dr. Al-Sudais stressed that the Presidency prepared…
TEHRAN (Tasnim) – The 14th edition of the International Economic Forum “Russia – Islamic world” will be held in Kazan, the capital of the Russian Republic of Tatarstan on May 18-19, 2023 with the participation of representatives from 64 countries and 59 regions of the Russian Federation. According to the scheduled program, more than 140…
Saudi Arabia is planning to launch the world’s most lucrative Twenty20 cricket tournament, according to media reports in Australia. High-level discussions have begun between the Saudi government and owners of Indian Premier League (IPL) teams. Saudi Arabia has reportedly been in touch with administrators, players, and coaches from many countries for at least a year,…
