Islamic Wall Street

Islamic Wall Street Intersection of Islam and Finance.

Since Kabul's limitations aren't doing much to stop the illegal flow of ammunition, weapons left behind by Soviet and NA...
06/04/2025

Since Kabul's limitations aren't doing much to stop the illegal flow of ammunition, weapons left behind by Soviet and NATO soldiers in Afghanistan are still available in the country's eastern provinces and in Pakistan's tribal areas, according to new research.

Informal arms trafficking, according to the report Docu­menting Arms Availability in Afghanistan, involved both outdated weapons and materials that were probably taken from the equipment that was supplied to the former Afghan National Defense and security services.

A top Iranian official stated that Iran is retaliating against the United States' demands that it negotiate directly ove...
06/04/2025

A top Iranian official stated that Iran is retaliating against the United States' demands that it negotiate directly over its nuclear program or face bombing, warning neighbors that house American bases that they may be targeted if they get involved.
Iran wants to maintain indirect negotiations through Oman, a long-standing route for signals between the two governments, despite rejecting U.S. President Donald Trump's desire for direct talks, the official told Reuters on condition of anonymity.

An economy tracker indicated that while growth in the UAE's non-energy economy slowed somewhat in March, Kuwait's non-oi...
06/04/2025

An economy tracker indicated that while growth in the UAE's non-energy economy slowed somewhat in March, Kuwait's non-oil private sector continued to gain momentum, with business conditions improving more quickly.

Kuwait's PMI increased from 51.6 in March to 52.3 in March, according to the most recent S&P Global Purchasing Managers' Index surveys. This indicates a robust monthly improvement in business activity, driven by higher output, better demand, and a comeback in hiring.

An official document revealed that Saudi Aramco on Sunday lowered its May crude oil pricing for Asian importers to their...
06/04/2025

An official document revealed that Saudi Aramco on Sunday lowered its May crude oil pricing for Asian importers to their lowest level in four months.

Aramco has reduced its prices for the second month in a row. For other grades it distributes to Asia, the business also reduced April prices by $2.30 per barrel.

According to a pricing document from the producer, Aramco lowered the official selling price for its flagship Arab Light oil in May by $2.30 to $1.20 per barrel above the average price in Oman and Dubai.

Mohammad Sadegh Azimifar said that Iran currently has 10 main refineries, which have a capacity of over 2.4 million barr...
05/04/2025

Mohammad Sadegh Azimifar said that Iran currently has 10 main refineries, which have a capacity of over 2.4 million barrels per day, processing crude oil and gas condensates.

Azimifar added that in the second half of the last Iranian year, an average of 8 million liters was added to the country’s gasoline production and 7 million liters per day to the production of diesel fuel.

The Deputy Minister of Oil emphasized that the growth of the refining industry last year compared to the previous year was 5%, with nearly 100,000 barrels per day added to the country’s product output.

Eight members of OPEC+, the oil producers group led by Saudi Arabia and Russia, will meet on Thursday to discuss how to ...
05/04/2025

Eight members of OPEC+, the oil producers group led by Saudi Arabia and Russia, will meet on Thursday to discuss how to convince Kazakhstan to stop exceeding its output quota and how it can compensate for overproduction.

Record Kazakh output has angered several other members of the group. The meeting “is just to make the new Kazakhstan minister aware of the importance of meeting his required production and compensating for the surplus,” one delegate said. Erlan Akkenzhenov was appointed Energy Minister last month.

Saudi exploration service provider ADES Holding Co. has entered the Brazilian market through an $85.1 million charter ag...
05/04/2025

Saudi exploration service provider ADES Holding Co. has entered the Brazilian market through an $85.1 million charter agreement.

The deal, which was made with Luxembourg’s Constellation Oil Services Holding, will use ADES’ jackup rig, Admarine 511, to support a drilling contract with Petrobras, Brazil’s state-owned energy giant.

Pakistan's Special Representative for Afghanistan Ambassador Muhammad Sadiq Khan on Friday met Afghan Foreign Minister A...
25/03/2025

Pakistan's Special Representative for Afghanistan Ambassador Muhammad Sadiq Khan on Friday met Afghan Foreign Minister Amir Khan Muttaqi in Kabul with both sides agreeing to enhance high-level engagements and dialogue to further consolidate bilateral relations.

Khan is undertaking an official visit to Afghanistan from March 21-23 at the direction of Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar, a Foreign Office spokesperson said in a press release here.

The CEO of Saudi Aramco, a major energy company, stated that the company views China as one of its top international inv...
25/03/2025

The CEO of Saudi Aramco, a major energy company, stated that the company views China as one of its top international investment destinations and is constantly looking for new opportunities in the technology, chemicals, and power generation sectors.

Amin Nasser highlighted his company's three-decade connection with the Asian nation and its dedication to future growth and innovation while speaking at the China Development Forum in Beijing.

In 2024, global borrowing reached a record $25 trillion, up $10 trillion from pre-pandemic levels, raising questions abo...
25/03/2025

In 2024, global borrowing reached a record $25 trillion, up $10 trillion from pre-pandemic levels, raising questions about sustainability, according to a new report.

According to the Organization for Economic Co-operation and Development's most recent report, "Financing Growth in a Challenging Debt Market Environment," the amount raised is almost three times as much as it was in 2007 and is primarily due to rising corporate and sovereign debt in the face of rising borrowing costs and unstable economies.

The U.S. will attend the Third UN Conference on Landlocked Developing Countries, which will be held in Turkmenistan, Tre...
24/03/2025

The U.S. will attend the Third UN Conference on Landlocked Developing Countries, which will be held in Turkmenistan, Trend reported.

The US President Donald Trump affirmed this in a letter addressed to Turkmen President Serdar Berdimuhamedov on the occasion of Nowruz.

"Your continuous reforms inspire the American people, and I greatly appreciate our collaboration on numerous crucial topics. We are eager to collaborate with you and send a delegation to represent the United States at the Third United Nations Conference on Landlocked Developing Countries in Ashgabat, a fantastic, beautiful, white city. Trump wrote, "Thank you for hosting this event."

Among the many surprises brought about by the drastic political changes in Bangladesh that resulted in the removal of Pr...
24/03/2025

Among the many surprises brought about by the drastic political changes in Bangladesh that resulted in the removal of Prime Minister Sheikh Hasina last year was the strengthening of ties between Dhaka and its erstwhile adversary, Pakistan.

Dhaka imported 50,000 tonnes of rice from Pakistan this month, marking the first direct trade between the two nations after decades of tense relations. Additionally, there are claims of cooperation on security issues, the resuscitation of direct flights and military ties, and the simplification of visa procedures.

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