Islamic Finance

Saudi-Vietnamese Joint Committee Explores Ways To Boost Trade

RIYADH: Trade exchange between Saudi Arabia and Vietnam is on course to prosper following discussions in a ministerial m... Read more

Central Bank Of UAEs Assets Rise 1.3% To $1.08tn

RIYADH: Total assets held by the Central Bank of UAE rose to $3.95 trillion dirhams ($1.08 trillion) by the end of Septe... Read more

Middle East Air Carriers profit To Hit $3.1bn In 2024: IATA

RIYADH: The profit of air carriers operating in the Middle East is expected to hit $3.1 billion in 2024, representing a... Read more

Turkish Banks Secure $40m Murabaha Deal With ITFC To Boost Private Sector Financing  

RIYADH: Turkiye’s private sector is poised to benefit from Murabaha financing, with two of the country’s banks signi... Read more

Africa Needs $87bn Annually To Adapt to Climate Change: UN Official

RIYADH: Africa needs $87 billion annually to implement programs enhancing the continent’s adaptation to climate chang... Read more

Brazil Presidents Saudi Visit Shows Desire For Stronger Ties

SAO PAULO: The visit of Brazil’s president to Riyadh on Nov. 28-29 with a delegation of ministers and businesspeople s... Read more

Saudi Arabia Extends 1 Million Bpd Voluntary Cuts Until Q1 2024

RIYADH: Saudi Arabia on Tuesday decided to extend its voluntary crude output cuts of 1 million barrels per day until the... Read more

Saudi Aramco Sets LPG Contract Prices For December

RIYADH: The Saudi Arabian Oil Co., also known as Saudi Aramco, kept the official selling prices for liquefied petroleum ... Read more

Closing Bell: Saudi Main Index Rises To Close At 11,177 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 74.43 points, or 0.67 percent, to close at 1... Read more

Saudi Arabia Railways, Al-Jabr Enter 4-year Vehicle Transport Deal 

RIYADH: Saudi Arabia Railways and Al-Jabr Automotive have collaborated to transport thousands of vehicles annually by tr... Read more

Business & Philanthropy Forum To Highlight Inclusive Approach For Equitable Climate Solutions

DUBAI: As global leaders converge on Dubai to attend the UN COP28 to discuss ways to mitigate the effects of climate cha... Read more

Saudi Arabia Studies Graphite, Rare Earths Trading Platform — Minister

LONDON: Saudi Arabia is exploring the potential launch of a new commodity trading platform for battery materials, includ... Read more

Dubai Taxi Co. Sees Tremendous Demand Worth $41bn For Oversubscribed Offering

RIYADH: Dubai Taxi Co. hit a record high for its 1.2 billion dirhams ($315 million) initial public offering, with orders... Read more

Chinas Factories Fall Deeper Into Contraction, More Policy Support Expected

BEIJING: China’s manufacturing activity shrank for a second straight month in November and at a quicker pace, suggesti... Read more

Expo 2025 Host Osaka Congratulates Riyadhs Expo 2030 Win

TOKYO: Osaka Gov. Yoshimura Hirofumi congratulated Saudi Arabia after Riyadh was named the venue for Expo 2030. “As ... Read more