Sunday, November 8, 2026

Islamic Finance

UAE.. Launching the first Islamic digital bank

The UAE is the fourth largest market for Islamic finance in the world, with Islamic banking assets representing 23% of the total banking assets in the country, according to the Central Bank of the UAE. Roya Local Islamic Bank announced...

Islamic finance can heal Coronavirus pain

Over the last three months, the coronavirus pandemic and crisis associated with it has significantly slowed the Islamic finance economies. Islamic finance can play a vital role in navigating the economic disturbance brought by the coronavirus crisis on residents and...

Latest News

UAE airlines scramble as regional tensions trigger flight suspensions and delays on

Airlines operating from the United Arab Emirates are revising timetables and cancelling routes as tensions rise around the Strait of Hormuz and broader regional security worries. Flights to Iran remain suspended, while services to Israel and Saudi Arabia face ongoing restrictions.

President appoints Gadi Eisenkot to attempt coalition after Israel election deadlock

President Isaac Herzog has tasked former military chief Gadi Eisenkot with building a coalition after a stalemated election. Eisenkot faces limited options and a tight deadline.

Pattambi Association Holds Welfare Event for Expatriates in Dammam

The Pattambi Association hosted a family‑oriented event in Dammam, focusing on expatriate welfare and cultural activities. Leaders addressed the gathering and honored contributors to the community.

Trump says US not at war with Iran after Qeshm Island strike, vows more oil output

President Donald Trump insisted the United States is not at war with Iran despite a recent strike on Qeshm Island. He also suggested cutting aid to Israel amid shifting US political sentiment.

Philippines brings home 38 workers from Saudi Arabia amid regional unrest

The Philippines repatriated 38 overseas workers from Saudi Arabia on 6 November, providing financial, food and accommodation support. The move is part of a broader “Saving Lives” effort under President Marcos Jr.’s UPLIFT initiative.