Thursday 28 August 2014
 
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Islamic

Iran wants progress in talks before action on Islamic State

Iran is ready to do something to help tackle Islamic State insurgents in Iraq but first wants progress in negotiations with world powers over its nuclear programme, Foreign Minister Javad Zarif was quoted as saying by Iranian media.

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Iraq's Islamic fighters profit from oil sales: US

Islamic State militants fighting in Iraq are selling oil from oilfields and refineries they control to local communities and smugglers, augmenting their existing ample finances, US intelligence officials said on Thursday. At least

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Islamists sought to turn Lebanon into Iraq: army chief

Islamic State insurgents who seized a Lebanese border town this month planned to turn Lebanon into another Iraq by unleashing sectarian war between Sunnis and Shi'ites that would have endangered the nation's very existence, the army comm

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Foreigners flee Arbil; Kurds buy arms

With Islamist militants just 30 minutes drive away, foreign oil workers are moving out of Iraq's Kurdish capital by the hundreds and business is booming in the city's arms market. Spared a decade of sectarian conflict in t

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Kurds use well-oiled lobbying to plead for help in US

When radical Islamic forces threatening to dismember Iraq unexpectedly captured several towns from the Peshmerga Kurdish fighters last weekend, the Kurds' public relations machine quickly seized on the setback to boost their case in Washingt

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Dubai Islamic Bank profit surges 59.6pc

Dubai Islamic Bank (DIB), the UAEs' largest sharia-compliant lender, posted a 59.6 per cent jump in its second-quarter net profit, aided by higher fee and investment income. Beating analysts' forecasts, the bank made 667.5

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Iraqi women to 'wear full veil or face punishment'

Islamic State, the Al-Qaeda offshoot that seized large swathes of northern Iraq last month, has warned women in the city of Mosul to wear full-face veils or risk severe punishment.  

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Rise of Islamic State tests Syrian army strategy

The growing power of the ultra-hardline Islamic State means the Syrian army is now having to confront a group it has until now been reluctant to attack for political reasons.  

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Islamic finance body IILM re-issues $890m sukuk

Malaysia-based International Islamic Liquidity Management Corp (IILM) has reissued $860 million of its three-month Islamic bond, the organisation said on Thursday.   The three-month sukuk, rated A-1 by Standard a

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Islamic finance council to finalise 'strategic plan'

Bahrain-based General Council for Islamic Banks and Financial Institutions (CIBAFI), a global umbrella organisation of Islamic financial institutions, is set to finalise its Strategic Plan 2015-2018 by the end of the year.  

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