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Moody’s affirms Islamic Development Bank’s AAA rating

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Riyadh: A new report shows that GCC banks intend to diversify their business models and increase their profitability by entering high-growth markets such as Turkey, Egypt and India. Fitch Ratings noted that this growing interest is due to favorable economic conditions and attractive growth opportunities in these countries. Notably, the desire to expand in Turkey … Read more

Boat with 45 refugees capsizes off Yemen’s coast, UNHCR says

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WASHINGTON: Israeli Prime Minister Benjamin Netanyahu defended Israel's war on Gaza and condemned American protesters in a scathing speech to Congress on Wednesday that drew boycotts from many top Democratic lawmakers and drew thousands to denounce the war and humanitarian crisis. He was dragged to the Congress building.Netanyahu vowed to continue the war until “total … Read more

US files details of Boeing’s plea deal related to plane crashes. It’s in the hands of a judge now

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The U.S. Justice Department on Wednesday reached an agreement with Boeing in which the aerospace giant will plead guilty to fraud charges for misleading U.S. regulators who approved the 737 Max jet before two planes crashed, killing 346 people. The detailed settlement was filed in federal district court in Texas. The American company and the … Read more

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