Islamic Finance

Saudi Aramco Increases February Oil Prices For Asia

RIYADH: Saudi Aramco has raised its crude oil prices for Asian customers in February, marking the first increase in thre... Read more

Jordans Total FDI Reaches $1.3bn, Reflecting Strong Investor Confidence 

RIYADH: Jordan’s foreign direct investment inflows rose 3.7 percent year on year in the third quarter of 2024, reachin... Read more

Oil Updates — Prices Hold At Three-month High On Stronger Demand

LONDON: Oil prices rose on Monday, remaining at their highest since mid-October as colder weather spurred buying while f... Read more

Lucid Beats Estimates For EV Deliveries As Price Cuts, Cheaper Financing Spur Demand

LONDON: Lucid Group beat expectations for quarterly deliveries on Monday, as the Saudi Arabia-backed maker of luxury ele... Read more

Closing Bell: Saudi Main Market Gains To Close At 12,105 Points

RIYADH: Saudi Arabia’s Tadawul All Share Index edged up on Monday, gaining 34.87 points, or 0.29 percent, to close at ... Read more

Saudi Arabias PIF Completes $7bn Inaugural Murabaha Credit Facility

RIYADH: The Saudi Public Investment Fund has closed its first Murabaha credit facility, securing $7 billion in funding.... Read more

Saudi Arabias Expat Remittances Up 19% To $3.21bn: SAMA

RIYADH: Expatriate remittances from Saudi Arabia rose to SR12.03 billion ($3.21 billion) in November, marking an 18.73 p... Read more

Saudi Banks Mortgage Lending Surges To Near 3-year High Of $2.7bn

RIYADH: Saudi banks issued SR10.06 billion ($2.7 billion) in new residential mortgages in November, a 51.23 percent incr... Read more

Saudi Arabias Unemployment Rate Hits 3.7%: GASTAT

RIYADH: Saudi Arabia’s unemployment rate dropped to 3.7 percent in the third quarter of 2024, down 0.5 percentage poin... Read more

Closing Bell: Saudi Main Index Closes In Green At 12,037, Trading Turnover At $1.53bn

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward movement for the third consecutive day on Tuesday,... Read more

Egypt To Accelerate Government IPO Steps To Attract Investments, Maximize Private Sector Role

RIYADH: Egypt aims to accelerate the government offerings program procedures in 2025 to maximize the private sector’s ... Read more

Startups Of The Year: Eyewa And Lean Technologies Attract Top US Investors To Mideast

RIYADH: Saudi startups eyewa and Lean Technologies have set a new benchmark in attracting international investment and d... Read more

Saudi Fund For Development Expands Global Support In Final Quarter Of 2024

RIYADH: Economies worldwide have faced significant challenges in 2024, marked by escalating geopolitical tensions and th... Read more

2024 Marks Saudi Arabias Bold Leap Toward Technological Leadership

RIYADH: Saudi Arabia’s digital transformation journey reached new heights in 2024, solidifying its position as a globa... Read more

Saudi Aramco Cuts January 2025 LPG Prices

RIYADH: Saudi Aramco has reduced the official selling prices for propane and butane for January 2025. According to an ... Read more