Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Benin feels the pinch of Nigeria's economic woes

Read more

BUSINESS DAILY

Deutsche Bank shares recover after turbulent week

Read more

MEDIAWATCH

Inside Aleppo: 'Feels like prison'

Read more

THE WORLD THIS WEEK

The Legacy of Shimon Peres, The Battle of Aleppo (Part 1)

Read more

THE WORLD THIS WEEK

Trump-Clinton Debate, Colombia Peace Deal, Death of the BlackBerry (Part 2)

Read more

FRANCE IN FOCUS

Backstage at Paris Fashion Week

Read more

FASHION

Paris Fashion Week: Saint Laurent, Lanvin, present new designers

Read more

#THE 51%

Online and proud: Iranian women use social media in a campaign for equality

Read more

#TECH 24

Say hello to Pepper!

Read more

Middle east

Ahmadinejad, Karzai star at Islamic summit

Text by News Wires

Latest update : 2009-11-09

Iran's Mahmoud Ahmadinejad has called for "radical change" in the world economic order at a summit of the Organisation of the Islamic Conference (OIC) in Istanbul. Afghan leader Hamid Karzai is also present, but Sudan's Omar al-Bashir has opted out.

AFP - Iranian President MahmoudAhmadinejad took the centre stage at the one-day Organisation of the Islamic Conference (OIC) summit in Istanbul, after Sudanese President Omar al-Beshir, wanted by a UN court for war crimes, cancelled his attendance at the last moment.
   
"The present economic crisis is due to the capitalist system. The world needs radical change," he told participants, calling for Islamic principles to replace capitalist values.
   
Describing interest rates as the "biggest and most fundamental problem of the capitalist system," Ahmadinejad said economic programmes based on Islamic principles offered the way out.
   
"The world is looking for fairer values that we cannot find in the capitalist system. The world system based on usury has collapsed, proving its failure," he said through a translator.
   
"We have to draw up programmes based on Islamic economic thinkers. That way we can guide people to happiness, security, justice and honesty. This is the most correct way to salvation," he added.
   
Ahmadinejad urged member countries to agree to carrying out trade in their national currencies and setting up a common market.
   
"By announcing the type of money to be used between member countries, we will be saved from the adverse effects of global capitalism," Ahmadinejad added.

The Istanbul summit, which will focus on developing closer trade ties and addressing poverty, has drawn leaders including Syrian President Bashar al-Assad, Afghan President Hamid Karzai and Palestinian premier Salam Fayyad.

Date created : 2009-11-09

  • TURKEY

    Indicted Sudan leader to skip Islamic summit, say Turkish officials

    Read more

COMMENT(S)