Moody’s affirms Islamic Development Bank’s AAA rating

RIYADH: Gulf Cooperation Council banks are seeking to diversify their business models and improve profitability by entering high-growth markets such as Turkiye, Egypt and India, a new report has revealed. Fitch Ratings noted that this growing interest was due to favorable economic conditions and attractive growth opportunities in these countries. Notably, appetite for expansion in … 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 boycotts by many top Democratic lawmakers and drew thousands to the Capitol to denounce the war and the humanitarian crisis it has created.Netanyahu vowed to continue the war until “total … Read more

Saudi deputy FM participates in Sudan peace efforts meeting 

BAHA: In the heart of Saudi Arabia's Baha region, a humble cactus is sparking an agricultural revolution. The pear, locally known as Al-Barshumi, has blossomed from a niche crop into a growing industry. Once confined to private farms, cultivation of cracker pears has stimulated scientific research and yielded a variety of food, medicinal and cosmetic … Read more