Islamic Finance

Saudi CMA, Insurance Authority Forge Partnership To Strengthen Sector Oversight

RIYADH: Saudi Arabia’s insurance sector is set to see improved supervision and enhanced growth prospects following a n... Read more

Kuwait Expects 12% Rise In Budget Deficit To $20bn For 2025-2026

JEDDAH: Kuwait’s government projected its budget deficit to rise by 11.9 percent to 6.31 billion Kuwaiti dinars ($20.4... Read more

Saudi Arabia, Germany Ink 200k-tonnes Green Hydrogen Export Deal

RIYADH: Saudi Arabia and Germany have signed an agreement to export 200k tonnes of green hydrogen annually from the King... Read more

RLC Global Forum To Address The Future Of Saudi Arabias Retail Landscape 

RIYADH: Over 100 speakers from more than 600 organizations will convene at the Retail Leaders Circle Global Forum 2025 i... Read more

GCC Equity Markets Post Monthly Gains In January: Markaz

RIYADH: Equity markets in the Gulf Cooperation Council countries saw strong growth in January, with Kuwait and Saudi Ara... Read more

Saudi Arabias Property Market Set For Growth With Billions In New Projects

RIYADH: The Saudi real estate landscape is poised for substantial growth, as industry leaders, policymakers, and invest... Read more

SAMA Permits Full Public Launch Of STC Bank In Digitalization Push

RIYADH: The Saudi Central Bank, also known as SAMA, has authorized STC Bank to launch its full operations in Saudi Arabi... Read more

Al-Habtoor Group Halts Investment Plans In Lebanon Amid Growing Instability

DUBAI: UAE-based business conglomerate Al-Habtoor Group has abandoned its plans to reenter the Lebanese market, citing o... Read more

Experts Predict Suburban Boom, Smarter Housing Designs In Saudi Arabia

RIYADH: The rise of community living and the increased accessibility of suburbs, driven by advancements in transportatio... Read more

Foreign Investments Set To Revive Makkahs Property Market: Ladun CEO

RIYADH: Saudi construction firm Ladun Investment Co. expects a surge in Makkah’s real estate sector following a key ru... Read more

Closing Bell: Saudi Arabias Main Index Closes In Green At 12,421

RIYADH: Saudi Arabia’s Tadawul All Share Index edged up on Tuesday, gaining 47.75 points, or 0.39 percent, to close at... Read more

EVIQ, BYD Sign Deal To Expand Saudi Arabias EV Charging Network 

RIYADH: High-speed electric vehicle charging stations are set to be installed at Al-Futtaim Electric Mobility locations ... Read more

Saudi Sovereign Wealth Funds $4bn Bond Offering Four Times Oversubscribed 

RIYADH: Saudi Arabia’s Public Investment Fund has successfully priced a $4 billion bond issuance, divided into two tra... Read more

Saudi Telecom Firm Stc Secures $8.7bn Contract With Government Entity

JEDDAH: Saudi telecom giant stc has signed a contract worth SR32.64 billion ($8.71 billion) with an undisclosed governme... Read more

Mayors Set Out Real Estate And Infrastructure Opportunities In Asir And Makkah 

RIYADH: Saudi Arabia is accelerating its real estate and infrastructure development efforts to meet growing demand and i... Read more