Category: Business

G7’s Global Infrastructure Initiative: A Counter to China’s Belt and Road

At the recent G7 Summit, a significant initiative was announced: the “Partnership for Global Infrastructure and Investment” (PGII). This initiative represents a strategic effort to reshape global infrastructure investment and is seen as a direct counter to China’s extensive Belt and Road Initiative (BRI). What is the PGII? The PGII is a collaborative effort by […]

Amanah.gold Iaunches 999.9 Bullion Gold & Silver Bars with a Price Promise!

  Amanah.gold, a retailer of precious metals, is proud to announce the launch of its 999.9 bullion gold and silver bars. With a commitment to quality and affordability, Amanah.gold aims to revolutionize the bullion market by offering premium products at unbeatable prices. Price Promise: Beating Reputable Retail Suppliers One of the standout features of Amanah.gold’s […]

World Gold Council (WGC) and Dubai Multi Commodities Centre (DMCC) Announce Joint Gold Industry Program

In a groundbreaking move for the gold industry, the World Gold Council (WGC) and the Dubai Multi Commodities Centre (DMCC) have announced a collaborative program aimed at driving innovation, sustainability, and transparency across the sector. This strategic partnership between two of the most influential entities in the global gold market marks a significant milestone in […]

Historic Milestone: First Cross-Border Payment Made Using UAE’s Digital Dirham

In a historic leap toward financial innovation, the United Arab Emirates (UAE) has achieved a landmark moment with the completion of the first cross-border payment using the digital dirham. This pioneering initiative, led by the UAE’s central bank, exemplifies the nation’s commitment to advancing its financial infrastructure through the integration of cutting-edge digital currency technologies. […]

Russia and Iran Make Historic Move Away from SWIFT for Direct Bilateral Transactions

  In a groundbreaking development, Russia and Iran have officially severed ties with the SWIFT system, marking a pivotal departure from the Western-dominated transaction framework. Mohsen Karimi, Deputy Head of the Central Bank of Iran (CBI), made this announcement, revealing that both nations have embraced a direct interbank transfer mechanism. During an interview on Iranian […]

Islamic Emirate of Afghanistan Announces Abolishment of Usury Systems

  Introduction: In a significant development under the governance of the Islamic Emirate of Afghanistan, Acting Minister of Industry and Trade, Nooruddin Azizi, declared the abolition of all usury systems in the country. This announcement reflects the commitment of the Islamic Emirate to uphold the principles of the Islamic system through lawful and ethical means. […]

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