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Vice President meets leaders of workers Unions
[06 December 2016]
Human rights minister stresses on enhancing human rights principles
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President issues decree to appoint deputy director of presidency office
[04 December 2016]
President issues decree to appoint presidential adviser
[04 December 2016]
Yemen's National Salvation Government endorses its general program
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  Saudi Aggression on Yemen
Army blasts Saudi-provided military vehicle in Marib, kills its crew
[06 December 2016]
Saudi brutal airstrikes hit Bilad al-Ros again, severely injure little girl
[06 December 2016]
Army fires missiles on Saudi-paid mercenaries in Lahj
[06 December 2016]
Aggression war jets launch 23 sorties against Sa’ada, Asir
[05 December 2016]
US-Saudi aggression launch 24 air strikes on Saada, dropping cluster bombs
[05 December 2016]
 
  Reports
Roundup: Saudi aggression warplanes continue breaching ceasefire
[22 October 2016]
Saudi-Led Attack on Sanaa Funeral Apparent War Crime: says Human Rights Watch
[13 October 2016]
Army's heroes keep advances against Saudi aggression on various front lines
[19 September 2016]
The Guardian publishes detailed investigation into Saudi aggression crimes against Yemen
[17 September 2016]
Blackwater's dirty tasks in Yemen (analysis)
[17 February 2016]
 
  International
Sudan congratulates Yemen National Salvation Government
[03 December 2016]
President sends condolences to Cuba on death of Fidel Castro
[27 November 2016]
Yemeni Immigration authority returns 150 illegal Ethiopian migrants
[13 November 2016]
Army's artillery destroys Saudi military monitoring tower in Najran
[12 November 2016]
Army forces shoot down US-Saudi aggression scouting plane
[10 November 2016]
  International
France seeks Islamic financial system
[16/January/2010]
By Talal al-Kandari
PARIS, Jan 16 (Saba) -- A strictly secular European heavyweight, France is seeking to adopt the Islamic financial system just as a prelude to becoming a European center for Islamic economy, Kuwait News Agency (KUNA) reported Saturday.
Although no tangible moves have been made in this respect, the French government is determined to enact laws giving Islamic finance access to France. This has been already confirmed by several senior French officials.
Speaking to KUNA, several economists said France is now in pursuit of all political, media, legal, legislative and banking tracks that could lead to relevant practical moves.
This strategic project is part of France's plan to find alternative and complementary alternatives to conventional capitalist finance, which can shape the country's official financial policies in the event of global cash shortage.
At the beginning, France came across with a methodological problem that lies in how to handle the Islamic financial system, having been left with a couple of options; either through finding French legal and legislative items that are similar to Islamic ones or through the enactment of fresh laws in this respect.
Following serious deliberations with all parties concerned, the first option was handpicked.
According to recent studies, Islamic financial investments in France are estimated at roughly USD 120 billion.
Although a relevant draft law was turned down by the Constitutional Council in form, but not in content, French Minister of Economy, Industry and Employment Christine Lagrade made it certain that the government would not backpedal on its plan to adopt the Islamic financial system.
The French minister's advisor Thierry Dissaux told KUNA that the government would introduce amendments to French legal and tax systems in order to match Islamic financial principles.
Mohamed Nouri, chairman of the French council of Islamic finance, told KUNA that France was still in the stage of preparations for adopting the Islamic financial system.
But, he expected that Paris would take the first step in this respect this year by issuing Islamic sukuk (bonds) for leading Islamic investment banks.
For his part, secretary-general of the Arab-French commercial chamber, Saleh al-Tayar, also speaking to KUNA, said several French banks were currently operating in Arabian Gulf countries in line with Islamic Sharia'.
But the French drive to open up to Islamic finance is upsetting some politicians in the country Islamic Sharia' forbids Muslims from usury, receiving or paying interest on loans.

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UPDATED ON : Tue, 06 Dec 2016 13:10:43 +0300