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Wednesday, July 07, 2010 

Turkey and Iran forge shari'a banking ties

Israel National News reports that Turkey and Iran, in their continuing closer relations, have even taken steps in business relations:
The significant warming of relations between Iran and Turkey in the last several weeks has been reflected in a hot new trading market between small businesses in the two countries.

A brigade of Turkish small businessmen dubbed the "Anatolian Tigers" has made major inroads into the Iranian marketplace since the election of Prime Minister Tayyip Erdogan, according to Lebanese English-language daily The Daily Star. They are now providing textiles and small machinery to the Islamic Republic, and performing money transfers according to Islamic tradition.
Also known as shari'a banking.

And while we're on the subject, a grenade from the tail end of the Ottoman period was discovered in the Old City of Jerusalem:
That's the question being asked by the Israel Antiquities Authority (IAA), after discovering the explosive device while engaging in conservation work.

The grenade was discovered during the course of an Old City conservation project underway together with the Jerusalem Development Authority, the Prime Minister’s Office, and the Jerusalem Municipality. The project's goal is to refurbish the walls of the Old City.

On Monday, at a section of the wall near Damascus Gate in the northern wall, a worker was engaged in dismantling parts of a crumbling brick stone that needed to be replaced when he discovered a fist-size chunk of metal inside the wall. In view of its metallic shape and its strange location, police sappers were summoned to the site. Upon examination, they confirmed that this was a grenade dating to the Ottoman period with some 200-300 grams of explosives. The sappers removed the grenade and detonated it in a controlled manner.
That was a close call there. It's something that should serve as an important reminder of what the Ottomans were up to in this part of the continent a century ago.

Update: in related news to Iran, there's a new site called Stop Iran Now. Here's a special press release, and an article by Mark Tapscott.

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