Islamic Finance

Saudi Arabias Non-oil Sector Growth Continues In April As PMI Hits 55.6 

RIYADH: Saudi Arabia’s non-oil private sector continued to expand in April, with the Riyad Bank Purchasing Managers’... Read more

Saudi Bank Lending Hits $827bn In March, Fastest Growth In Over 3.5 Years

RIYADH: Saudi Arabia’s banking sector continued its robust lending expansion in March, with total credit reaching SR3.... Read more

Closing Bell: Saudi Main Index Slips To Close At 11,411 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 132.17 points, or 1.14 percent, to close at 1... Read more

Saudi Arabia Rolls Out New Guidelines For Off-plan Property Deals

JEDDAH: Saudi Arabia has issued a detailed procedural guide to implement its previously approved off-plan real estate re... Read more

Jeddah Unveils 29 Real Estate Projects Across Industrial, Residential, Retail Sectors

RIYADH: Jeddah Municipality has announced 29 new investment opportunities across more than 1.4 million sq. meters, targe... Read more

Syria To Sign Deal To Import Electricity From Turkiye, Minister Says

CAIRO: Syria is set to sign a deal to import electricity from Turkiye through a 400-kilovolt transmission line between t... Read more

Qatar Welcomes Over 1.5m International Visitors In Q1 2025

RIYADH: Qatar received more than 1.5 million international visitors in the first quarter of 2025, according to newly rel... Read more

OPEC+ Members To Raise Oil Output By 411,000 Bpd in June

RIYADH: Eight OPEC+ member states, including Saudi Arabia, have agreed to raise oil production by 411,000 barrels per d... Read more

Oil Updates — Prices Rise On Short-covering, But Tariff Worries Linger 

SINGAPORE: Oil prices climbed on Tuesday as investors took advantage of the previous day’s losses to cover short posit... Read more

Saudi Arabia Tops Emerging Markets Venture Capital Funding, Overtakes Singapore 

RIYADH: Saudi Arabia has overtaken Singapore as the premier destination for venture capital funds across emerging market... Read more

Real Estate Demand In Saudi Arabias Two Holy Cities Hits $2bn

RIYADH: Saudi Arabia’s real estate sector continues to draw international attention, with high-net-worth individuals f... Read more

Key Tourism Roles To Be Localized In Saudi Arabia As Part Of National Employment Push 

JEDDAH: Hotel managers, travel agency directors, and tour guides are among 41 tourism roles set to be reserved for Saudi... Read more

PepsiCo Opens Regional Headquarters In Riyadh, Unveils $8m R&D Center

RIYADH: Global beverage giant PepsiCo has opened its new Middle East regional headquarters in Riyadh’s King Abdullah F... Read more

Closing Bell: Saudi Indices End Day In The Red

RIYADH: Saudi Arabia’s stock market closed lower on Monday, with the Tadawul All Share Index falling 77.94 points, or ... Read more

Davos Meet Founder Klaus Schwab Quits As WEF Chair

ZURICH: Klaus Schwab, founder of the World Economic Forum, whose annual gathering of business and political leaders in t... Read more