ABU DHABI: Moody’s Ratings has forecast that the profitability of Islamic banks in Gulf Cooperation Council (GCC) countries will remain strong over the next 12 to 18 months.
In its report today, the agency attributed the strong profitability of Gulf …
Senior diplomats of Japan, the US and South Korea on Thursday strongly condemned North Korea’s ballistic missile launch earlier in the day, the Japanese Foreign Ministry said.
In response to North Korea’s latest ballistic missile launch, the phone c…
South Korea granted on Thursday a construction permit for two new nuclear reactors on the east coast of South Korea, eight years after the application was submitted.
The Nuclear Safety and Security Commission (NSSC) approved proposals from Korea Hydr…
The Muslim Council of Elders is participating for the first time at the 25th edition of the Baghdad International Book Fair from 12th to 22nd September.
The Council’s pavilion features over 220 publications, including a variety of works that address…
CAIRO: Agthia Group held its General Assembly Meeting today, where shareholders endorsed the board’s proposal for a dividend of 10.31 fils per share, totalling AED 85.7 million for the first half of 2024.
This marks a 25 percent year-on-year increase…
Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced on Thursday that its subsidiary, KUFPEC Indonesia, has acquired two major blocks in the first bidding round of 2024 in Indonesia.
In a statement to KUNA, it mentioned that the acquisiti…
Oil prices rose more than 1% on Thursday, spurred by concerns of Hurricane Francine impacting output in the US, the world’s biggest crude producer, though worries of lower demand capped gains.
Brent crude futures for November were up $1, or 1.4% at $…
China’s central bank conducted 160.8 billion yuan (about US$22.58 billion) of seven-day reverse repos at an interest rate of 1.7 percent Thursday.
Xinhua News Agency quoted the People’s Bank of China as saying that the move aims to keep liquidity re…