DUBAI / Emirates Business Islamic Banks in the Gulf Cooperation Council (GCC) are expected to show resilience over the next two years after weathering tough market conditions in 2018, said S&P Global Ratings in a report published on Monday. “In 2018, GCC Islamic banks expanded slower than conventional peers for the first time in five years,” said S&P Global Ratings ...

Bloomberg Oil tumbled towards $60 a barrel as President Donald Trump threw trade talks between the world’s two largest economies into disarray with a threat to raise tariffs on Chinese imports, roiling global markets. US crude pared losses after plunging as much as 3.1 percent in New York to the lowest level in five weeks. China was said to be ...

Dubai / Emirates Business Global trade enabler DP World UAE Region has been recognised for developing the GCC’s most robust and efficient supply chain at this year’s Logistics Middle East Awards 2019, where it won the Supply Chain Hub of the Year award. Abdulla bin Damithan, Chief Commercial Officer of DP World UAE Region, accepted the award on behalf of ...