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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

OIC new mechanism to settle investment disputes

The summit will begin on Monday.
By TRENDS Desk
October 4, 2022 1:04 pm
  • The OIC, a 57 member body, has been working on a mechanism for the investment dispute redressal among member states for years now
  • The four-day meeting in Casablanca is set to establish the permanent mechanism to encourage, protect and guarantee investment of member states

Casablanca, Morocco – A governmental experts team affiliated to Jeddah-based Organization of Islamic Cooperation launched an initiative  here on Monday to establish a permanent mechanism to settle investment disputes that might emerge among member states.

The OIC,  a 57 member body, has been working on a mechanism for the investment dispute redressal  among member states for years now. 

The four-day meeting which comes as implementation of the 48th ministerial meeting held in Islamabad, Pakistan, in March 2022, is set to establish the permanent mechanism to encourage, protect and guarantee investment of member states.

The OIC claims to be a “collective voice of the Muslim world.”

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