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Sanctions & the Dollar: A Fall From Grace? : By Conn M. Hallinan


August 27, 2014 "ICH" –  The recent round of sanctions aimed at Moscow over the crisis in the Ukraine could backfire on Washington by accelerating a move away from the dollar as the world’s reserve currency. While in the short run American actions against Russia’s oil and gas industry will inflict economic pain on Moscow, in the long run the ... Read More »

The Halal Guys: Cashing In on Street Cred – By: ALEX VADUKUL


Some empires are managed from a distance: in corner offices, from cellphones on beaches, under palm fronds while being fanned by servants. The Halal Guys attracting a crowd, and a tourist, Camille Panzera of Brazil.CreditDave Sanders for The New York Times Hesham Hegazy, the general manager of the Midtown street-food empire the Halal Guys, prefers sitting by a window at ... Read More »

Russia Is Abandoning The US Dollar : By Michael Snyder

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June 11, 2014 "ICH" – The Russians are actually making a move against the petrodollar.  It appears that they are quite serious about their de-dollarization strategy.  The largest natural gas producer on the planet, Gazprom, has signed agreements with some of their biggest customers to switch payments for natural gas from U.S. dollars to euros.  And Gazprom would have never ... Read More »

Malaysia’s halal tourism attracts Muslims from all over the world

Malaysia's Halal Tourism

By-IBRAHIM NAFFEE Malaysia attracted over 170,000 visitors from the Gulf countries in 2013, and has been rated the world’s top Muslim-friendly holiday destination in a survey released last year. According to figures, Malaysia received 102,365 tourists from Saudi Arabia in 2012. The total number of tourists from the UAE was 18,233 during this period.  During the first half of 2013 ... Read More »

Government Of Canada Improves Labelling Halal Food Products


The amendments to the Food and Drug Regulations (labelling halal food products) were published in Canada Gazette, Part II on April 23, 2014, OTTAWA By Canadian Food Inspection Agency Regulations Amending the Food and Drug Regulations (Halal food) P.C. 2014-353 April 3, 2014 His Excellency the Governor General in Council, on the recommendation of the Minister of Agriculture and Agri-Food, ... Read More »

Islamic Finance growing worldwide- Leading Islamic Banker


Islamic finance is growing at a phenomenal rate worldwide, not only in the Muslim world, but even in the West which has a thriving Islamic Finance industry. So said Muhammed Ikram Thowfeek, Founder and Managing Director of First Global Academy (FGA). He was speaking on the occasion of the Academy’s 2013 Awards Presentation under the theme ‘Translating intention to action’. ... Read More »

The Dying Dollar By Paul Craig Roberts


 Since 2006, the US dollar has experienced a one-quarter to one-third drop in value to the Chinese yuan, depending on the choice of base.   Now China is going to let the dollar decline further in value.  China also says it is considering undermining the petrodollar by pricing oil futures on the Shanghai Futures Exchange in yuan. This on top of ... Read More »

U.S. Treasury Warns of What’s to Come: “Catastrophic Effect… Could Last for More Than a Generation”


The next time someone tells you that the US government is operating in a fiscally sustainable manner and that our economy is growing strongly point them to the latest report from the U.S. Treasury Department. According to the new report released yesterday all of our worst fears may soon be realized should the United States default on its obligations to creditors, ... Read More »

London steps up Islamic finance ambitions (Reuters)

islamic finance london

Britain is encouraging banks through a task force to establish sharia-compliant products, aiming to position London as a Western hub for a fast-growing Islamic finance sector that is expected to reach $2.6 trillion by 2017. Aiming to build on London's status as a leading exporter of financial services, Britain hopes to step up the challenge to Islamic finance centres such as Dubai and Kuala ... Read More »