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

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

WASHINGTON: Israeli Prime Minister Benjamin Netanyahu defended Israel's war in Gaza and condemned US protesters in a scathing speech to Congress on Wednesday that sparked a boycott by many leading Democratic lawmakers and drew thousands to the Capitol to denounce the war and the humanitarian crisis it has sparked.Netanyahu has vowed to continue the war … Read more

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

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