Islamic banks in the Gulf Cooperation Council area have been enjoying ratings upgrades, reducing real estate exposures, and upping their lending to individuals and firms, according to a new report by Moody’s Investors Service.

Senegal and the Ivory Coast visited the euro markets for bonds in the first quarter, with investors demanding increasingly chunky spreads in order to successfully break new ground in the currency.

The Coral South Floating Liquefied Natural Gas (FLNG) project could have huge benefits for the troubled Mozambican economy, says Standard Bank, one of its lenders.