INSEAD Day 4 - 728x90

Sanad posts record revenue

Growth driven by global demand for services.

Bank of Sharjah profit up 39%

Bank's total assets grow 10% to $14.4 billion.

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

WB suspends financial operation in Mali after coup

    • Malian strongman Colonel Assimi Goita last week deposed the leaders of a transitional government

    • Mali has already been suspended by the African Union and the Economic Community of West African States

    The World Bank has suspended its financial operations in Mali following the second coup in under a year in the West African nation, a spokesman in Bamako said Friday.

    The Washington-based bank  has “temporarily paused disbursements on its operations in Mali, as it closely monitors and assesses the situation,” the spokesman for the bank’s Bamako operation told AFP.

    Mali had already been suspended by the African Union and the Economic Community of West African States (ECOWAS).

    Malian strongman Colonel Assimi Goita last week deposed the leaders of a transitional government, themselves installed after a coup in August which toppled Mali’s elected president, Ibrahim Boubacar Keita.

    The World Bank’s decision on Friday was in line with the body’s policy applicable in similar situations, the spokesman said.