Most Arab states to start Ramadan Friday
Source: BI-ME with AFP , Author: Posted by BI-ME staff
Posted: Fri July 20, 2012 9:42 am

UAE. Ramadan will begin on Friday in most Arab countries, religious authorities announced, but in Oman and Syria as well as for Iraq's Sunni Muslims and in non-Arab Iran it will start on Saturday.

Algeria, Egypt, Jordan, Kuwait, Qatar, Saudi Arabia, Tunisia, the United Arab Emirates and Yemen, as well as Lebanon's Sunni Muslims, were among those to announce a Friday start.

During Ramadan, Muslims fast from dawn to dusk and strive to be more pious and charitable.

The month begins with the sighting of the new moon, which varies from country to country.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
dhgate