Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Nigerian oppposition claims historic election win

Read more

MEDIAWATCH

Facebook tracks you, even if you not a user

Read more

DEBATE

Iran deal: Deadline day for nuclear talks (part two)

Read more

DEBATE

Iran deal: Deadline day for nuclear talks (part one)

Read more

DOWN TO EARTH

Agriculture: When farms turn into factories

Read more

FOCUS

Strait of Hormuz: a smuggler's paradise

Read more

THE INTERVIEW

Investigations against pro-Ouattara camp to begin mid-2015, says ICC chief prosecutor

Read more

ENCORE!

Asaf Avidan's Gold Shadow

Read more

THE INTERVIEW

UN Special Envoy to the Middle East: 'I leave the Gaza Strip in an even worse situation than before'

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)