• World Islamic Banking Conference
Cyclone dies, horror still lives on..

Cyclone dies, horror still lives on..

Two people, including a child, were killed and three others went missing in the Omani province of Dhofar after Cyclone Mekunu hit the southern region of the Gulf Arab country, Omani police and state news media said yesterday. The three missing were Asian nationals, state news agency ONA reported. Mekunu started to weaken to a tropical storm in Oman and authorities began clearing operations yesterday after the heavy rain but warned residents to stay in their homes, with run-off from river valleys flooding most main roads in Dhofar. The cyclone also killed at least seven people in the Yemeni island of Socotra, a Yemeni official said on Saturday. At least 40 people were missing. Yemen declared a state of emergency on Thursday for Socotra, which lies between southern Yemen and the Horn of Africa and is renowned for its unique animal and plant life. The storm flooded Socotra’s villages and capsized boats, leaving much of the island without access to communications. As wind and rain began to pummel southern Oman during the day, they extended the closure of the city’s airport until Saturday. Meanwhile, latest satellite images, analysis of weather maps and the results of numerical models of Cyclone Mekunu have shown that it has become a second class cyclone and is expected to move north to northwest, with the eye of the storm away from Saudi Arabia. The center of the storm is likely to be about 350 kilometers away and the wind speed around the center, is expected to be between 157 to 167 km/h, according to the General Authority of Meteorology and Environment Protection (GAMEP). The commission’s predictions indicate that the tropical situation, in Oman and the Republic of Yemen is likely to change. The cyclone, which has been downgraded to a tropical storm, may affect parts of the Kingdom, starting from the dawn on Saturday to next Tuesday.




Loman, Efrain show mutual respect

Loman, Efrain show mutual respect

MMA is known for intensive rivalries that had often transcended beyond the sport from time to time. Stephen Loman from Philippines will be defending his Bantamweight world championship title at Brave 18 taking place on 16th November in

Verstappen shoves Ocon

Verstappen shoves Ocon

Dutch driver Max Verstappen was accused of trying to punch French rival Esteban Ocon after a controversial clash at Sunday’s Brazilian Grand Prix which was won by five-time world champion Lewis Hamilton. Red Bull star Verstappen

Cyrus, Butler lose house in wildfire

Cyrus, Butler lose house in wildfire

Hollywood celebrities Miley Cyrus and Gerard Butler have completely lost their homes in the raging California wildfire, which has left filmmaker Guillermo del Toro’s home partially damaged. Cyrus took to Twitter on Sunday to spar

Crazy in love?

Crazy in love?

Akihiko Kondo’s mother refused an invitation to her only son’s wedding in Tokyo this month, but perhaps that isn’t such a surprise: he was marrying a hologram. “For mother, it wasn’t something to celebrate


Loman, Efrain show mutual respect

Loman, Efrain show mutual respect

MMA is known for intensive rivalries that had often transcended beyond the sport from time to time. Stephen Loman from Philippines will be defending his Bantamweight world championship title at Brave 18 taking place on 16th November in

GFH profit rises 18.6pc

GFH profit rises 18.6pc

GFH Financial Group yesterday reported an 18.6 per cent increase in ninemonth net profit helped by continued growth and stronger contributions from its core investment banking business and other related investment income. Net profit at

APM commences IPO

APM commences IPO

Bahrain’s BD11.880 mn APM Terminals IPO has met with positive investor appetite said SICO in a statement saying, “we look forward to closing with a fully-subscribed offering.” The offer period for the APM Terminals Ba

Ithmaar reports profit

Ithmaar reports profit

I thmaar Holding, a Bahrain-based financial institution, and its wholly-owned subsidiary, Ithmaar Bank, a Bahrain-based Islamic retail bank, each announced their financial results for the third quarter of 2018 with both reporting profi