Iran in talks with Russia on heavy water sales: RIA

SHAFAQNA - Iran is conducting talks with Russia about sales of heavy water, Russia's RIA news agency quoted an Iranian foreign ministry official as saying on Monday. Heavy water is a component of making nuclear weapons and nuclear energy.…

Eastern Mediterranean drought worst in 900 years – NASA

SHAFAQNA - A recent drought in the Eastern Mediterranean was the most devastating in nine centuries, a new NASA study shows. Scientists reached the conclusion after studying tree rings, which can indicate humidity changes over time. NASA…

How can aviation reduce its impact on the environment?

SHAFAQNA - Increasingly efforts are being undertaken by countries and organisations around the world to reduce their impact on our environment. It’s critical that we, as an industry, play our part. Aviation is critical to the world’s…

Russia and Saudi Arabia freeze oil output to salvage damaged economy

SHAFAQNA - The world’s two biggest crude producers have agreed not to increase oil output, according to Qatar’s energy minister, quoted by Bloomberg. OPEC members, such as Venezuela and Nigeria, have been calling for an emergency meeting…

First event promoting Muslim entrepreneurship in India taking place today

SHAFAQNA - A new initiative aimed at driving Muslim involvement in India’s startup and technology economy is hosting its first event in the city of Pune on February 7. The Indian Muslim Entrepreneur Network‘s conference is being organized…

What will oil price slump mean for the global economy?

SHAFAQNA - Oil hits new low of less than $32 per barrel and could plunge further, increasing pressure on US and Middle East producers. The current oil rout is now worse than any since 1970, with the price of Brent crude slumping from $115…

Sky is the Limit for Lebanese Entrepreneurs

SHAFAQNA - There is a consensus that Lebanon is a great location to pilot an idea, test it and then transition to an international market for growth. [Listen to the podcast below.] For a country that has defined and redefined itself through…

Facebook's Zuckerberg speaks out in support of Muslims

SHAFAQNA - Controversial right-wing 2016 U.S. presidential candidate Donald Trump has rather vocally called for a complete ban on Muslims entering the country, proving that America, on the whole, is still somewhat ignorant of the culture of…

China Likely To Invest Over $1 Trillion Overseas By 2020

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SHAFAQNA - China is likely to invest more than $1 trillion abroad in the next five years, Chinese Premier Li Keqiang said Tuesday, according to the state-run China Daily. He was speaking at the Meeting of Heads of Government of China and Central…

Millennial Muslims and the technology of love

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SHAFAQNA - MUSLIMS INSPIRED BY SERVICES LIKE TINDER AND AIRBNB ARE CREATING THEIR OWN MUSLIM APPS TAILORED TO THEIR CULTURE. Khalil Jessa, a 25-year-old Muslim developer who lives in Vancouver, Canada, was just like other young people his…

A new wave of start-ups offers Muslim-friendly food, fashion and books for all

SHAFAQNA - For any woman, finding the right outfit for a special event can be a challenge. But for US national fencing athlete, Ibtihaj Muhammad, it was particularly frustrating. The 29-year-old, who wears a hijab, in accordance with her Islamic…

More non-Muslims using Islamic finance in Malaysia

SHAFAQNA - More non-Muslims are using Islamic finance than Muslims in Malaysia and that is an indication of how widespread the support and acceptance for it is, said Prime Minister Datuk Seri Najib Tun Razak. Najib said the popularity of…

Why this political science student founded a fashion site for Muslim women that's now a global phenomenon

SHAFAQNA - Hijup is an Indonesian online marketplace for Islamic fashion and says its goal is empowering Muslim women. It was founded in 2011 by political science student Diajeng Lestari. She wanted to change the world, but she also wanted…

An Islamic Approach to Business Ethics

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SHAFAQNA -  What is Ethics? Ethics may be defined as the set of moral principles that distinguish what is right from what is wrong. Ethics has a twofold objective: it evaluates human practices by calling upon moral standards; also it may…

Dubai ruler launches $272m global drive to combat poverty, unemployment

SHAFAQNA - Dubai has launched a global foundation, with an initial budget of AED1 billion ($272 million), which aims to combat poverty, unemployment and education challenges in the region. The Mohammad Bin Rashid Al Maktoum Global Initiatives…

Saudi deficit this year is 'manageable', says foreign minister

SHAFAQNA - Saudi Arabia's financial deficit this year is manageable despite the low oil prices, and the kingdom's economic growth rate and financial health will stay strong, Foreign Minister Adel al-Jubeir said at a security conference in Bahrain…

Halal tourism' takes off

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SHAFAQNA - A rental company in Orlando, Florida, is offering 'halal vacation homes' with curtained pool decks, rooms with prayer mats and copies of the Quran. The 'halal tourism' market was once seen as a niche revenue stream, limited to pilgrimages…

Fashion phenomenon - From a home-based workshop to 14 stores: redefining the traditional thobe

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SHAFAQNA - The urge to customize his clothing led one young Saudi to quit his job and launch his own garment startup. When Jeddah resident Loai Nassim took a job with 3points he suddenly found himself required to wear a thobe, the traditional…

Art and business, can they be friends? REPORT

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SHAFAQNA - “Being good in business is the most fascinating kind of art. Making money is art and working is art and good business is the best art”. The words of Andy Warhol, the godfather of pop art, he clearly saw no conflict in the commercialization…

The Islamic economy: untapped opportunity for entrepreneurs?

SHAFAQNA - The second edition of the Global Islamic Economy Summit was an opportunity for stakeholders to collaborate and progress the Islamic economy, which is growing faster than ever before. The summit, held in Dubai on 5-6 October,…

Dubai tops the list of shopping destinations for Muslims

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SHAFAQNA - Singapore and London ranked among the top five destinations for Muslim shopping travellers. Dubai has been ranked the number one destination in the world for Muslims to travel to for shopping purposes, according to a new report…

The price of Hajj - should hotels profit from pilgrims?

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SHAFAQNA - According to Priceline Group CEO Darren Huston, Makkah is the most-searched-for destination in the world on Priceline’s Booking.com. But, he says, travellers aren’t booking Makkah hotels at the rate they’re searching for…

Cybercrime gang targeting MENA gov't organisations

SHAFAQNA - Kaspersky Lab has warned of an increase in activity by an Arabic-speaking cybercriminal group which targets government organisations in the MENA region. The ‘Gaza Cybergang' has been active since 2012, but has been particularly…

Gulf's Asian workers see remittance boom from strong dollar

SHAFAQNA - The US dollar's strength against Asian currencies is leading to a surge in remittances from migrant workers in the Gulf Arab region, exchange houses say, giving a boost to their home countries such as India, Philippines and Pakistan. But…