Moody’s affirms Islamic Development Bank’s AAA rating

RIYADH: Gulf Cooperation Council banks are aiming 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 attributed this growing interest to favorable economic conditions and attractive growth opportunities in these countries. Notably, the appetite for expansion has increased in … Read more

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

Washington: Israeli Prime Minister Benjamin Netanyahu defended Israel's war on Gaza and condemned US protesters in a scathing speech to Congress on Wednesday that was boycotted by several top Democratic lawmakers and drew thousands to the Capitol to denounce the war and humanitarian crisis.Dashing hopes that the Israeli leader's visit to the United States might … Read more

Violence sends Mexican families fleeing into Guatemala

Guatemala City: Dozens of Mexican families have fled across the border to Guatemala because of drug cartel violence, Guatemalan President Bernardo Arevalo said Wednesday. The Central American nation's defense ministry said the military has tightened security along the country's common border. Guatemalan authorities were “providing assistance to people fleeing this confrontation between (criminal) groups that … Read more

Typhoon Gaemi weakens as it leaves Taiwan for China

TAIPEI: Typhoon Gamey moved overnight through Taiwan toward eastern China on Thursday, leaving two people dead as heavy rains and powerful gusts lashed the island in its wake. Earlier in the day, the typhoon forced Taiwan to cancel some of its annual war games, close schools and offices and evacuate thousands from high-risk, landslide-prone areas.

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 misleading U.S. regulators that led to the 737 Max jetliner crashing two planes before it crashed, killing 346 people. A detailed plea agreement was filed in federal district court in Texas. The U.S. company and … Read more