Islamic Finance

HSBC Allocates $1bn To Back Early-stage Climate Tech Startups 

RIYADH: In a move aimed at bolstering global sustainability efforts, HSBC has committed to providing $1 billion in finan... Read more

Flydubai Sees Record Number Of Passengers Over The Summer

RIYADH: The UAE-based flydubai airline recorded a historic increase in its seasonal operations by carrying over 4 milli... Read more

PIF Supporting Real Estate Renaissance In Saudi Arabia

RIYADH: Real estate has been considered one of the safest bets for investors globally and thanks to the Public Investmen... Read more

Abdul Latif Jameel Picks Amazon As Its Digital Transformation Partner  

RIYADH: In a significant step toward its digital transformation efforts, Abdul Latif Jameel, a family-owned business gro... Read more

PIF-backed ADES Sets Offering Price At $3.60 Per Share: Report 

RIYADH: ADES Holding Co., partially owned by Saudi Arabia’s Public Investment Fund (PIF), has reportedly set the final... Read more

Deal Signed To Open Marriotts Autograph Collection Hotel In AlUla

RIYADH: The historic city of AlUla in Saudi Arabia is set to play host to a Marriott International Autograph Collectio... Read more

Container Volume At Saudi Ports Increase 4.8%

RIYADH: Saudi Arabia’s ports witnessed an annual surge of 4.79 percent in cargo operations in August 2023, recording a... Read more

Russia Eyes Stronger Economic Ties With India

VLADIVOSTOK: Describing India as a “longstanding friend of Russia,” a top Russian official stressed the need for str... Read more

KSAs Aljazira Capital, Osus Establish Real Estate Investment Fund 

RIYADH: In a bid to boost mixed-use projects in Riyadh, Saudi Arabia’s Aljazira Capital and Osus Real Estate Co. have ... Read more

New Water Transmission Project Launched For Makkah, Madinah

RIYADH: In a bid to boost Saudi Arabia’s water infrastructure, Alkhorayef Water and Power Technologies Co. will build ... Read more

ACWA Power Inks Deals With Chinese Firms To Boost Green Energy Collaboration 

RIYADH: In a significant move for the global green energy landscape, Saudi Arabia’s ACWA Power has signed memorandums ... Read more

Closing Bell: TASI Slips 34.03 Points To Close At 11,122  

RIYADH: Saudi Arabia’s Tadawul All Share Index fell on Wednesday, losing 34.03 points, or 0.30 percent, to close at 11... Read more

GCC-Pakistan Free Trade Agreement Vital For Economic Interests: Al-Budaiwi 

RIYADH: The free trade agreement being negotiated between the Gulf Cooperation Council countries and Pakistan is of gr... Read more

US Consumer Inflation Ticks Up On Gasoline Prices

WASHINGTON: Consumer inflation in the USpicked up in August for a second straight month, according to government data re... Read more

Monshaat Partners With MIT To Develop Entrepreneurship Program In Riyadh 

RIYADH: In a bid to boost innovative entrepreneurship in Saudi Arabia, the General Authority for Small and Medium Enterp... Read more