Yemen airline resumes Sanaa-Jordan flights, banks rejoin global network under new deal

AL-MUKALLA: Yemen's national airline resumed flights from the Houthi-controlled city of Sanaa to Jordan on Thursday, while the international wire transfer system reconnected Sanaa's banks to its network after a deal was made between the Yemeni government and militias. Yemenia Airways said in a statement that three flights were scheduled to depart from Sanaa airport … Read more

Moody’s affirms Islamic Development Bank’s AAA rating

Gulf Cooperation Council banks are aiming to diversify their business models and increase profitability by entering fast-growing markets such as Turkey, Egypt and India, a new report has revealed. Fitch Ratings noted that this growing interest was driven by favorable economic conditions and attractive growth opportunities in these countries. In particular, the appetite for expansion … Read more

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