Islam

Jeddah Historic District Program: The Discovery of 25.000 Fragments of Artifacts That Dates to the Early Islamic Era

Retrieved on: 
Sunday, February 4, 2024

In addition to 685 building materials which weigh 87 kg, as well as 187 glass artifacts which weigh 5kg and 71 metal artifacts of 7kg.

Key Points: 
  • In addition to 685 building materials which weigh 87 kg, as well as 187 glass artifacts which weigh 5kg and 71 metal artifacts of 7kg.
  • The wood's origin has been identified to be Ceylon Island in the Indian Ocean which highlights the far-reaching trade connections of Historic Jeddah.
  • Moreover, several tombstones of Mangabi stone, marble, and granite were also found in different locations in Historic Jeddah.
  • Jeddah Historic District Program in cooperation with the Heritage Commission supervised the documentation, registration, and preservation of archaeological artifacts discovered in Historic Jeddah, and listed the finds in the National Archaeological Register.

Drone attack on American troops risks widening Middle East conflict – and drawing in Iran-US tensions

Retrieved on: 
Tuesday, January 30, 2024

A drone attack that killed three American troops and wounded at least 34 more at a base in Jordan has increased fears of a widening conflict in the Middle East – and the possibility that the U.S. may be further drawn into the fighting.

Key Points: 
  • A drone attack that killed three American troops and wounded at least 34 more at a base in Jordan has increased fears of a widening conflict in the Middle East – and the possibility that the U.S. may be further drawn into the fighting.
  • President Joe Biden vowed to respond to the assault, blaming Iran-backed militias for the first U.S. military casualties in months of such strikes in the region.
  • The Conversation turned to Sara Harmouch, an expert on asymmetric warfare and militant groups in the Middle East, to answer these and other questions.

What do we know about the group that claimed responsibility?

  • Al-Muqawama al-Islamiyah fi al-Iraq, which translates as the Islamic Resistance in Iraq, has claimed responsibility for the drone attack.
  • However, the Islamic Resistance in Iraq is not a single group per se.
  • Rather, it is a term used to describe an umbrella organization, which, since around 2020, has included various Iran-backed militias in the region.
  • This deliberate strategy hinders direct attribution and poses challenges for countries attempting to identify and retaliate against the precise culprits.

What do they hope to achieve in attacking a US target?

  • Since the beginning of the conflict in October 2023, Iranian-backed militias have repeatedly struck American military bases in Iraq and Syria, recently expanding their attacks to include northeastern Jordan near the Syrian border.
  • The attack in Jordan forms part of a strategy by Iranian-backed militias to counter Washington’s support for Israel in the Gaza conflict.
  • But it is also aimed at advancing a wider goal of pushing U.S. forces out of the Middle East entirely.

What role did Iran have in the attack?

  • But the Islamic Resistance in Iraq is known to be part of the networks of militia groups that Tehran supports.
  • Iran, through the Islamic Revolutionary Guard Corps’ Quds Force, has provided such militias with money, weapons and training.
  • By doing so, Iran maintains plausible deniability when it comes to attacks carried out by its proxies.

What options does the US have to respond?

  • The Biden administration faces complex dynamics when it comes to responding to attacks linked to Iranian-backed militias.
  • This strategy has been employed in the past, yet it has not significantly curbed Iran’s or its proxies’ aggressive actions.
  • The concern is that while such strikes are precise, they may not be enough to deter ongoing or future attacks.
  • The Biden administration’s need to balance a strong response with the geopolitical consequences highlights the difficulties of navigating a tense and evolving situation.

How might the attack affect the wider Middle East conflict?

  • How the U.S. responds could reshape the Middle East’s geopolitical landscape and influence the dynamics of proxy warfare in the region.
  • A strong military response from Washington might deter Iranian-backed militias from future attacks, but it could also provoke them into taking more aggressive actions.
  • In the short term, any U.S. retaliation – especially if it targets Iranian interests directly – could escalate tensions in the region.


Sara Harmouch does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Sidra Capital Launches Singapore-based VCC for Cross-Border Commodity Supply Chain Investments

Retrieved on: 
Monday, January 29, 2024

SINGAPORE, Jan. 28, 2024 (GLOBE NEWSWIRE) -- Sidra Capital , a leading Shari’ah-compliant asset management firm regulated by the Saudi Arabian Capital Market Authority, is delighted to announce the launch of its maiden Singapore-domiciled variable capital company Sidra Asian Opportunities Investment I VCC (VCC) .

Key Points: 
  • SINGAPORE, Jan. 28, 2024 (GLOBE NEWSWIRE) -- Sidra Capital , a leading Shari’ah-compliant asset management firm regulated by the Saudi Arabian Capital Market Authority, is delighted to announce the launch of its maiden Singapore-domiciled variable capital company Sidra Asian Opportunities Investment I VCC (VCC) .
  • In November 2023, the VCC was launched with an investment strategy focused on facilitating cross-border commodity supply chains via fully funded irrevocable Letters of Credit (LC).
  • Sidra Capital takes pride in its contribution towards the development of the Islamic Finance industry in Singapore.
  • The VCC is managed by Sidra Capital Pte Ltd, a wholly-owned subsidiary of Sidra Capital, which operates as a registered fund management company licensed by the Monetary Authority of Singapore.

Azentio Software's iMAL™ powers Kurdistan International Islamic Bank's digital transformation journey

Retrieved on: 
Thursday, January 25, 2024

SINGAPORE, Jan. 25, 2024 /PRNewswire/ -- Kurdistan International Islamic Bank for Investment and Development ("KIB"), a leading Islamic financial institution in Iraq, has embarked on a digital transformation journey with the adoption of iMALTM , the industry-leading Islamic core banking platform from Azentio Software , a Singapore-headquartered technology firm owned by funds advised by Apax Partners.

Key Points: 
  • SINGAPORE, Jan. 25, 2024 /PRNewswire/ -- Kurdistan International Islamic Bank for Investment and Development ("KIB"), a leading Islamic financial institution in Iraq, has embarked on a digital transformation journey with the adoption of iMALTM , the industry-leading Islamic core banking platform from Azentio Software , a Singapore-headquartered technology firm owned by funds advised by Apax Partners.
  • The omnichannel solution will accelerate customer onboarding and digital adoption, while simplifying our banking operations across channels, applications, and mobile phones."
  • With its feature-rich portfolio, iMALTM will help KIB address the stringent demands of digital transformation.
  • The new version comes with exceptional features and functions that are imperative to operate according to the rules of the Islamic Sharia.

Ananta Islam is appointed as new CEO and Region President Americas of Körber Business Area Supply Chain

Retrieved on: 
Tuesday, January 23, 2024

DALLAS, Jan. 23, 2024 /PRNewswire/ -- Ananta Islam is appointed as new CEO and Region President Americas of Körber Business Area Supply Chain located in Dallas, Texas as of January 1, 2024.

Key Points: 
  • DALLAS, Jan. 23, 2024 /PRNewswire/ -- Ananta Islam is appointed as new CEO and Region President Americas of Körber Business Area Supply Chain located in Dallas, Texas as of January 1, 2024.
  • Islam will strengthen Körber's ambitious North America growth strategy for the mail and parcel business and ensure that the Business Area continues to expand its positioning for market leadership.
  • Prior to joining Körber, Ananta Islam held various senior leadership roles in North America.
  • Dirk Hejnal, CEO, Körber Business Area Supply Chain comments: "On behalf of the BA Extended Executive Board, join me in welcoming Ananta and wishing him the best of luck and success in his new role."

Shaping International Economics and Ethical Dialogues Through the Leadership of Cheah Chyuan Yong

Retrieved on: 
Wednesday, January 17, 2024

The panel discussions delved into the Regional Comprehensive Economic Partnership (RCEP), the Belt and Road Initiative (BRI), and investment opportunities in Qingtian County.

Key Points: 
  • The panel discussions delved into the Regional Comprehensive Economic Partnership (RCEP), the Belt and Road Initiative (BRI), and investment opportunities in Qingtian County.
  • The World Anti-Corruption Conference 2023 (WACC) in Jakarta, Indonesia, convened global leaders, experts, and practitioners at the Royal Kuningan Hotel.
  • Cheah Chyuan Yong concluded the conference during the closing ceremony address with 200 participants, declaring WACC as an annual global initiative, dedicated to combating corruption and emphasizing role of empowerment in strengthening anti-corruption efforts.
  • The ISI, under Cheah Chyuan Yong's leadership, is gearing up to host the Inter-Regional Business Forum (IRBF) on March 7th and 8th, 2024, in Kuala Lumpur, Malaysia.

Halal Cosmetics and Personal Care Market to grow by USD 17.89 billion from 2022 to 2027; Growing interest in personal grooming boosts the market growth - Technavio

Retrieved on: 
Monday, January 15, 2024

NEW YORK, Jan. 15, 2024 /PRNewswire/ -- The halal cosmetics and personal care market is estimated to grow by USD 17.89 billion from 2022 to 2027, according to Technavio.

Key Points: 
  • NEW YORK, Jan. 15, 2024 /PRNewswire/ -- The halal cosmetics and personal care market is estimated to grow by USD 17.89 billion from 2022 to 2027, according to Technavio.
  • By geography, the global halal cosmetics and personal care market is segmented into APAC, Middle East and Africa, Europe, North America, and South America.
  • The report provides actionable insights and estimates the contribution of all regions to the growth of the global halal cosmetics and personal care market.
  • The emerging demand for halal personal care and grooming products among men is a primary trend in the market.

Iran's increased belligerence and nuclear ambitions show why the west needs a more robust policy of deterrence

Retrieved on: 
Tuesday, January 16, 2024

The intervention represents a significant level of escalation in the Middle East and is indicative of just how volatile the region has become.

Key Points: 
  • The intervention represents a significant level of escalation in the Middle East and is indicative of just how volatile the region has become.
  • While the Houthis claim their attacks are in retaliation for Israel’s war against Hamas, it’s actually more complicated.
  • It has done this despite the best efforts of the west (and Israel) to deter its aggression and contain its influence.

Revisionist state

  • In short, Iran is a revisionist state – it wants to change the regional order – and its belligerent behaviour is likely to continue.
  • Now the larger (and recurring) problem the west must address is how to prevent Iran from developing a nuclear capability.
  • A nuclear-armed Iran would arguably represent the greatest threat to Israel’s national security and the international liberal order.

Empire, Islam and revolution

  • Much of Iran’s national identity constitutes a mixture of revolutionary fervour, Shia Islam and a form of nationalism focused around Iran’s pre-Islamic history, notably the Persian empire during the Achaemenid dynasty (550-330 BC).
  • Meanwhile, power resides with individuals – such as supreme leader Ali Khamenei – who were influential in Iran’s revolutionary period (1979).
  • As a former imperial power and a country that experienced revolution, Iran presumes that it has the natural right to intervene in other country’s affairs.
  • The coup is thought to have fostered the conditions for the 1979 revolution.

No nukes

  • It would fundamentally disrupt the balance of power in the region and could lead to a spiralling arms race with Saudi Arabia.
  • So the UK’s main foreign policy in the Middle East must be to prevent Iran from developing a nuclear arsenal.
  • The current UK government understandably does not want to escalate tensions and it may want to pursue a risk-free policy in the region.


Ben Soodavar does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Standard Chartered Digital Transformation Strategy Analysis Report 2023: Accelerators, Incubators, and Other Innovation Programs

Retrieved on: 
Saturday, January 13, 2024

DUBLIN, Jan. 12, 2024 /PRNewswire/ -- The "Standard Chartered - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Jan. 12, 2024 /PRNewswire/ -- The "Standard Chartered - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.
  • This report provides insight into Standard Chartered's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.
  • Standard Chartered is a global financial services provider that offers a range of personal, wholesale, private, SME, and business banking solutions.
  • Standard Chartered formed an alliance with Bahrain FinTech Bay to nurture and support innovative startups operating in the Middle East and North Africa.

Saudia Has Obtained a License to Provide Hajj Services for Pilgrims in Makkah, Medina, and Holy Sites

Retrieved on: 
Thursday, January 11, 2024

Jeddah, Saudi Arabia--(Newsfile Corp. - January 11, 2024) - Saudia Hajj and Umrah, a subsidiary of Saudia Group, dedicated to enhancing the experience for pilgrims, has obtained a license from the Ministry of Hajj and Umrah to serve 10,000 pilgrims.

Key Points: 
  • Jeddah, Saudi Arabia--(Newsfile Corp. - January 11, 2024) - Saudia Hajj and Umrah, a subsidiary of Saudia Group, dedicated to enhancing the experience for pilgrims, has obtained a license from the Ministry of Hajj and Umrah to serve 10,000 pilgrims.
  • The announcement follows the recent launch of Saudia Hajj and Umrah, signifying a groundbreaking moment in the Kingdom's commitment to enhancing the pilgrimage experience.
  • Amer AlKhushail, CEO of Saudia Hajj and Umrah, said: "We are pleased to have obtained this license from the Ministry of Hajj and Umrah to expand our services for pilgrims.
  • This marks a historic milestone for Saudia as we aim to ensure the provision of high-quality services that address the needs and requirements of pilgrims.