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