Islamic Finance

Saudi PMI Hits 59 In November As Non-oil Sector Grows 

RIYADH: Saudi Arabia’s non-oil private sector ended November with robust momentum, as business activity expanded at it...

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Saudi Green Initiative Forum To Focus On Climate Resilience And Sustainability 

RIYADH: Nature-based solutions for climate resilience and community adaptation will take center stage at the fourth edit... Read more

Saudi Arabia To Strengthen Healthcare Through Partnership With Chinas BGI Group

JEDDAH: Saudi Arabia is poised to bolster its healthcare system through a strategic new partnership with China’s BGI G... Read more

Private Sector Must Be Part Of The Solution In Saudi Land Conservation, Says Top Official

RIYADH: The private sector must play a pivotal role in Saudi Arabia’s land conservation efforts, according to the King... Read more

Closing Bell: Saudi Main Market Closes In Red To Settle At 11,739  

RIYADH: Saudi Arabia’s Tadawul All Share Index dropped by 0.02 percent, or 2.39 points, to settle at 11,739.35 points ... Read more

EU To Advocate For Integrated Solutions To Land, Water Challenges At COP16

RIYADH: The EU is set to intensify global cooperation at COP16 in Riyadh, working with international partners to combat ... Read more

Saudi Arabia Establishes Friends Of The Chair Group To Advance COP16 Outcomes 

RIYADH: Saudi Arabia aims to secure concrete outcomes from COP16 by establishing a “Friends of the Chair” group tas... Read more

COP16 Opens In Riyadh With $2bn Pledged To Combat Global Drought Crisis

RIYADH: A landmark initiative to tackle droughts secured $2 billion in funding on the opening day of COP16 in Riyadh. ... Read more

Saudi Aramco Acquires 10% Stake In HORSE Powertrain

RIYADH: Energy giant Saudi Aramco has finalized its acquisition of a 10 percent stake in HORSE Powertrain Ltd., advancin... Read more

Saudi Arabia Boosts Health Infrastructure With 5 New Hospitals, Increased Budget 

RIYADH: Saudi Arabia is set to open five new hospitals by 2025, adding 963 beds across key provinces as part of a broade... Read more

Saudi Arabia, Pakistan In Talks On Refinery Upgrades, Greenfield Project: Official Says 

RIYADH: Saudi Arabia is set to deepen its strategic partnership with Pakistan through talks on refinery upgrades and a g... Read more

Saudi Arabia Reveals 33.8% Annual Spending Boost On Vision 2030 Projects

RIYADH: Spending on Vision 2030 programs by Saudi Arabia has increased by an annual rate of 33.8 percent since the launc... Read more

Saudi Arabias Diriyah Co. Set To Attract New Wave Of Investors With $500m Ticket Sizes

RIYADH: Saudi Arabia’s Diriyah Co. is attracting a new wave of global investors with potential ticket sizes of $500 m... Read more

Saudi Arabia, Iraq, And Russia Reaffirm OPEC+ Production Cuts Commitment

RIYADH: Saudi Arabia, Iraq and Russia on Tuesday emphasized the importance of fully committing to the OPEC+ oil supply a... Read more

Saudi Arabia Approves FY2025 Budget, Forecasts $27bn Deficit Amid Expansionary Spending

RIYADH: Saudi Arabia on Tuesday approved the state budget for fiscal year 2025 with revenues projected at SR1.18 trillio... Read more