Islamic Finance

Oil Climbs Over 2% As Iran War Halts Supply

LONDON: Oil prices rose more than 2 percent on Tuesday, reversing some ​of the previous session’s losses, on worries... Read more

Iran Conflict Will Give Jet Fuel A Harder Price Shock Than Crude: Goldman Sachs 

RIYADH: The ongoing conflict in the Middle East is expected to have a greater impact on refined petroleum products such ... Read more

Saudi Arabia Reinforces Global Mining Leadership At PDAC 2026 In Canada

LONDON: Saudi Arabia participated in the Prospectors and Developers Association of Canada convention, held March 1 – 4... Read more

Gulf Banks Resilient For Now, But Prolonged Conflict Raises Risks: S&P Global

RIYADH: Banks operating in the Gulf region are expected to remain resilient in the short term due to strong financial bu... Read more

Australia-Saudi Business Chamber Forms Emergency Committee To Safeguard Trade Flows

RIYADH: The Australia-Saudi Business Chamber has formed an emergency working committee to explore measures aimed at main... Read more

Oman Import Prices Jump 14.8% On Machinery Costs 

RIYADH: Oman’s import prices recorded a sharp increase in the final quarter of 2025, driven largely by higher machiner... Read more

Egyptian Banks Seen Resilient To Iran Conflict Shocks, Fitch Says

RIYADH: Egypt’s banking sector is positioned to absorb the potential economic spillovers from the ongoing Iran conflic... Read more

Jordans Free Trade Agreements Drive 73% Of Exports

RIYADH: Countries linked to Jordan through free trade agreements accounted for 73.2 percent of the nation’s total ex... Read more

Saudi Arabias Producer Prices Edge Up 0.4%: GASTAT 

RIYADH: Saudi Arabia’s producer prices rose 0.4 percent in January from a year earlier, supported by higher utility c... Read more

Bahrains Aluminum Producer Alba Shuts Down 3 Smelting Lines, Cutting 19% Of Capacity

RIYADH: Bahrain’s aluminum producer Alba has shutdown 19 percent of its 1.6 million tonne-a-year production capaci... Read more

Riyadh Metro Spurs Residential Property Boom: Knight Frank 

RIYADH: The opening of the Riyadh Metro has transformed the Saudi capital’s housing market, with villa prices near s... Read more

Saudi POS Transactions Hold Above $3bn In Mid-October 

RIYADH: Saudi Arabia’s point-of-sale transactions remained above the $3 billion mark for the third consecutive week, u... Read more

IMF Expects MENA Inflation To Ease In 2025 And 2026 

RIYADH: Lower energy costs will help inflation ease to 12.2 percent this year and 10.3 percent in 2026 across the Middle... Read more

Global ESG Sukuk Market Hits Record $6.5bn In Q3, Set For Strong 2026, Says Fitch 

RIYADH: The global market for environmental, social and governance sukuk reached a record $6.5 billion in the third quar... Read more

Saudi Ride-hailing Trips Surge 78% In Q3, Topping 39m

RIYADH: Saudi Arabia’s ride-hailing sector witnessed a major surge during the third quarter of 2025, reaching 39.04 mi... Read more