Islamic Finance

An Economic Partnership Deepens As Saudi And French Investments Flow Both Ways

PARIS: Saudi-French economic ties are evolving from a relationship centered largely on French investment in the Kingdom ...

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Egypt, ADNOC Drilling Discuss Expanding Oil, Gas Partnership 

RIYADH: Egypt is seeking to expand oil and gas drilling with ADNOC Drilling as part of a broader push to raise domestic ... Read more

Saudi Arabias Transformation Opens A Wider Canvas For French Investors

PARIS: The economic relationship between Saudi Arabia and France is entering a new phase, with French investment expandi... Read more

French Companies See Saudi Arabia As Gateway To Wider Regional Growth

PARIS: For French companies looking at Saudi Arabia, the investment proposition is increasingly extending beyond access ... Read more

MENA Fiscal Deficit Forecast To Narrow To 4.3% In 2027: BMI

RIYADH: The Middle East and North Africa’s fiscal deficit is forecast to narrow to 4.3 percent of gross domestic produ... Read more

UAEs 5 Largest Banks Post $10.37bn Combined Profit In H1, Up 7.8%

RIYADH: The five largest banks in the UAE reported a combined net profit of 38.1 billion dirhams ($10.37 billion) in the... Read more

Fewer Than 20 Ships Transit Key Strait Of Hormuz Over Weekend, Data Shows

SINGAPORE: Fewer than 20 commodity vessels transited the Strait of Hormuz at the weekend, shipping data showed on Monday... Read more

French Investment In Kingdom Worth $19b Expands Into AI, Digital Infrastructure, Culture, Mining

PARIS: French investment in Saudi Arabia is expanding beyond traditional sectors such as energy and manufacturing into ... Read more

Closing Bell: Saudi Main Index Closes In Green At 11,174

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Monday, gaining 95.45 points, or 0.86 percent, to close at 11,1... Read more

Omans Public Revenues Rise 13% To $17.2bn In H1 

JEDDAH: Oman’s public revenues rose 13 percent to 6.60 billion Omani rials ($17.2 billion) in the first half, driven b... Read more

Startup Wrap: MENA Deals Spotlight AI, Expansion, And Strategic Consolidation

RIYADH: Startups across the Middle East and North Africa continue to attract investor interest and pursue strategic expa... Read more

Why Housing And Schooling Benefits Are Becoming Key To Attracting Global Talent To Saudi Arabia

CAIRO: As Saudi Arabia competes globally for highly specialized talent, employers are increasingly recognizing that attr... Read more

Saudi Arabia Gears Up To Export Green Hydrogen 

ALKHOBAR: Saudi Arabia is positioning itself as a major exporter of green hydrogen as the world seeks cleaner fuels for ... Read more

Oil Fluctuating As US, Allies Work To Boost Supply, Unchoke Strait Of Hormuz

LONDON: Oil prices swung on Friday as the US outlined moves to manage the supply crisis, while leading European ​nat... Read more

War Turns Paradise African Island Into Luxury Car Showroom

LAMU, Kenya: Fancy a shiny new Porsche? You could do a lot worse than book a ticket to the paradise island of Lamu off ... Read more