Islamic Finance

UAEs AD Ports Group Doubles Credit Facility To $2.13bn

RIYADH: The UAE’s Abu Dhabi Ports Group has successfully refinanced and more than doubled its revolving credit facilit... Read more

UAE, Hong Kong Ink Deal To Expand Cross-border Debt Issuance And Investment 

RIYADH: The UAE and Hong Kong are set to deepen ties in cross-border debt securities issuance and investment after their... Read more

Harnessing The Sun: Saudi Arabias Solar Revolution

RIYADH: Saudi Arabia is a world leader when it comes to extracting energy sources from the ground, but it is the Kingdom... Read more

Startup Wrap – MENA Startup Ecosystem Flourishes As Year Comes To An End

RIYADH: Startups across the Middle East and North Africa region are gaining momentum, with funding rounds and expansions... Read more

Wake Up And Smell The Climate Crisis: Coffee Prices Set To Increase In 2025

RIYADH: It is the caffeine, not the cost, of a morning coffee that is supposed to help you shake off any lingering sleep... Read more

Oil Updates – Crude Falls On Demand Growth Concerns, Robust Dollar

LONDON, Dec 20 : Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer Chin... Read more

Saudi Arabia Emerging As Global Cybersecurity Guardian: Digital Experts

RIYADH: From protecting its growing digital infrastructure to exporting cybersecurity technologies and expertise, Saudi ... Read more

Robust Manufacturing Sector Lifts Saudi Industrial Index By 5%: GASTAT

RIYADH: Saudi Arabia’s industrial production index rose by 5 percent year on year in October, driven by robust growth ... Read more

Oil Update – Prices Ease, But China Policy Stance Checks Losses

LONDON: Oil prices slipped on Tuesday as concerns eased about the fallout from Syrian President Bashar Assad’s overthr... Read more

UAE To Impose 15% Minimum Top-up Tax On Large Multinationals From January

DUBAI: The UAE will impose a minimum top-up tax (DMTT) of 15 percent on large multinational companies operating in the c... Read more

Egypts Annual Urban Consumer Price Inflation At 25.5% In November 

DUBAI: Egypt’s annual urban consumer price inflation rate was 25.5 percent in November, slowing from 26.5 percent in O... Read more

Saudi Edtech Platform AlGooru Raises $4m To Boost Expansion, AI Development

RIYADH: Saudi-based educational technology platform AlGooru has successfully raised $4 million in a pre-Series A funding... Read more

Closing Bell: Saudi Main Index Closes In Green At 12,097 

RIYADH: Saudi Arabia’s Tadawul All Share Index edged up on Monday, gaining 142.16 points, or 1.19 percent, to close at... Read more

Trump Tower To Rise In Jeddah, Boosting Saudi Arabias Luxury Real Estate Market

JEDDAH: Trump Tower is set to be built in Jeddah, further enhancing Saudi Arabia’s luxury real estate offerings and pr... Read more

Saudi Ports See 4.29% Rise In Cargo Handled In November

RIYADH: Saudi ports reported a 4.29 percent year-on-year increase in the volume of tonnes handled in November, according... Read more