Islamic Finance

Saudi Arabias Economic And Fiscal Position Strong Due To Vision 2030: IMF 

RIYADH: Saudi Arabia’s fiscal prospects are solid in the near term, primarily driven by Vision 2030 which has been s... Read more

ADCB Issues $650m Green Bond To Support UAEs Net-zero Economy 

RIYADH: In a significant step to support the UAE’s net-zero goal, Abu Dhabi Commercial Bank said it has successfully ... Read more

Industry Leaders Set To Gather In Dammam For Saudi Maritime Congress

RIYADH: Saudi Arabia’s maritime sector will get a boost as visionaries and industry leaders are set to gather in Da... Read more

Saudi Fashion Sector Gears Up For Rapid Growth Driven By Economic Expansion: Report

RIYADH: Saudi Arabia’s fashion sector is set for substantial growth, with retail sales projected to surge by 48 percen... Read more

Closing Bell: TASI Ends Day In Red Closing At 11,298 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Wednesday, as it shed 112.82 points, or 0.99 percent, to clo... Read more

Saudi Industry Ministry Launches Program To Implement Basic Digitization Solutions

RIYADH: In a bid to push digitization efforts in Saudi Arabia, the Ministry of Industry and Mineral Resources has launch... Read more

Bank Of China Opens First Branch In Saudi Capital

RIYADH: In a sign of growing cooperation between Saudi Arabia and China, one of the Asian country’s four biggest state... Read more

Abu Dhabi Exports Office Signs $100m Deal With Egyptian Bank To Boost UAE Exports  

RIYADH: In a move aimed at reinforcing economic and trade relations between the UAE and Egypt, Abu Dhabi Exports Office,... Read more

Maaden secures Exploration Licenses For Key Mining Sites 

RIYADH: In a bid to expedite its exploration initiative, the Saudi Arabian Mining Co., also known as Ma’aden, ha... Read more

Emirates, United Expand Partnership To Include 9 New Destinations In Mexico 

RIYADH: Customers of UAE flag carrier Emirates airline will now have access to nine new destinations in Mexico thanks to... Read more

The Growth And Potential Of Islamic Finance In Global Markets

The growth and potential of Islamic finance in global markets is a subject that draws attention from economists and fina... Read more

Egypt aims To Raise $5bn Through State IPO Program By Mid-2024  

RIYADH: The Egyptian government has set its sights on raising $5 billion through the upcoming offering of power plants... Read more

Riyadh To Host Business Event In September To Drive MICE Industry  

RIYADH: Saudi Arabia is gearing up to bolster its meetings, incentives, conferences, and exhibitions sector with the lau... Read more

Saudi Arabia Topped G20 In Energy Subsidy Spending: IMF  

RIYADH: Saudi Arabia spent the most per capita on energy subsidies — $6,996 — among the G20 economies last year, acc... Read more

Oil Updates — Crude Rises On Large US Stockpile Draw, Hurricane Jitters 

SINGAPORE: Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the US... Read more