Last updated: June 25, 2017

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Islamic finance sector set to lose growth momentum in 2018

S&P Global Ratings says slowdown in key markets, depreciation of local currencies to weigh on industry Arabian Business – Banking & Finance

Judge: Another Mistrial in Case Against Former Officer in Deadly Ohio Shooting

A mistrial was declared Friday in the retrial of former University of Cincinnati police officer Ray Tensing, who was accused of murder and manslaughter in the 2015 shooting death of

UAE Islamic bank adds extra security to cheques

Emirates Islamic says it will introduce blockchain technology into cheques as fraud prevention measure Arabian Business – Banking & Finance

Sheikh Mohammed orders 50% discount on Dubai traffic fines

The discount doesn’t apply on fines committed in 2017 KT Mobile

UAE inks deal to build wall around Aden Int’l Airport

Agreement is part of phase 2 of redevelopment project as UAE supports Yemeni-liberated governorates Arabian Business – Construction

Jumeirah Golf Estates hires builder for new townhouses

Progress Constructions is appointed as contractor for Dubai homes, retail centre; set for Sept 2018 completion Arabian Business – Construction

U.N. Leader Softens His Predecessor’s Criticism of Iran Missile Tests

Secretary General António Guterres’s relatively mild language in a report to the United Nations Security Council could complicate American efforts to punish Iran. NYT > Middle East

Trump’s Preferred Candidate Wins Again, This Time in Saudi Arabia

The president views Mohammed bin Salman, the newly named Saudi crown prince, as a key ally in his effort to cement a Sunni Muslim alliance in the Persian Gulf. NYT

UAE’s Etihad wins First Class clean sweep at prestigious awards

Abu Dhabi carrier takes home top prizes in three First Class categories at Skytrax World Airline Awards Arabian Business – Transport

Saudi King’s son Mohammed bin Salman named Crown Prince

He was also named deputy prime minister and maintains his post as minister of defence. KT Mobile

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