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

ALMUKALA: Yemen’s national airline resumed flights from the Houthi-held city of Sanaa to Jordan on Thursday, while the international bank transfer system reconnected Sanaa Bank to its network after an agreement between the Yemeni government and militias was implemented. Yemeni Airlines said in a statement that three flights were scheduled from Sanaa airport to Amman … Read more

Used car market booms but electric vehicles depreciate

Electric vehicles do not retain their value as well as hybrid cars, according to a report by the Australian Automobile Dealers Association. According to AADA's Midyear Automotive Insights Report, a two-year-old electric car is worth 22 percent less than its new price, and a two-year-old hybrid car is worth more than its original price. The … Read more

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