Moody’s affirms Islamic Development Bank’s AAA rating

RIYADH: Gulf Cooperation Council (GCC) banks are looking to diversify their business models and boost profitability by entering high-growth markets such as Turkey, Egypt and India, a new report has revealed. Fitch Ratings said the growing interest is due to the countries' favorable economic conditions and attractive growth opportunities. It is noteworthy that Turkey's appetite … Read more

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

WASHINGTON: Israeli Prime Minister Benjamin Netanyahu delivered a hard-hitting speech to the Knesset on Wednesday defending Israel’s war in the Gaza Strip and condemning protesters in the United States. The speech prompted a boycott by many Democratic lawmakers and thousands to descend on the Capitol to denounce the war and the humanitarian crisis it has … Read more

Saudi maths students scoop 10 awards at international competition

RIYADH: Saudi Arabia is set to achieve its target of planting 100 million mangrove trees by 2030 under the Saudi Green Initiative and Vision 2030 plan. Saudi Arabia's National Centre for Combating Desertification and Developing Vegetation Cover recently reported that around 13 million mangrove seedlings have been planted since the ambitious coastal forest cover programme … 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 filed a settlement with Boeing on Wednesday, in which the aerospace giant will plead guilty to charges of defrauding U.S. regulators in approving two 737 Max jetliners before they crashed, killing 346 people. Details of the plea agreement were filed in a U.S. District Court in Texas. The U.S. company and … Read more