Islamic Finance

Saudi Arabia Establishes Friends Of The Chair Group To Advance COP16 Outcomes 

RIYADH: Saudi Arabia aims to secure concrete outcomes from COP16 by establishing a “Friends of the Chair” group tas... Read more

COP16 Opens In Riyadh With $2bn Pledged To Combat Global Drought Crisis

RIYADH: A landmark initiative to tackle droughts secured $2 billion in funding on the opening day of COP16 in Riyadh. ... Read more

Saudi Aramco Acquires 10% Stake In HORSE Powertrain

RIYADH: Energy giant Saudi Aramco has finalized its acquisition of a 10 percent stake in HORSE Powertrain Ltd., advancin... Read more

Saudi Arabia Boosts Health Infrastructure With 5 New Hospitals, Increased Budget 

RIYADH: Saudi Arabia is set to open five new hospitals by 2025, adding 963 beds across key provinces as part of a broade... Read more

Saudi Arabia, Pakistan In Talks On Refinery Upgrades, Greenfield Project: Official Says 

RIYADH: Saudi Arabia is set to deepen its strategic partnership with Pakistan through talks on refinery upgrades and a g... Read more

Saudi Arabia Reveals 33.8% Annual Spending Boost On Vision 2030 Projects

RIYADH: Spending on Vision 2030 programs by Saudi Arabia has increased by an annual rate of 33.8 percent since the launc... Read more

Saudi Arabias Diriyah Co. Set To Attract New Wave Of Investors With $500m Ticket Sizes

RIYADH: Saudi Arabia’s Diriyah Co. is attracting a new wave of global investors with potential ticket sizes of $500 m... Read more

Saudi Arabia, Iraq, And Russia Reaffirm OPEC+ Production Cuts Commitment

RIYADH: Saudi Arabia, Iraq and Russia on Tuesday emphasized the importance of fully committing to the OPEC+ oil supply a... Read more

Saudi Arabia Approves FY2025 Budget, Forecasts $27bn Deficit Amid Expansionary Spending

RIYADH: Saudi Arabia on Tuesday approved the state budget for fiscal year 2025 with revenues projected at SR1.18 trillio... Read more

Closing Bell: Saudi Main Index Closes In Red At 11,736 

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Tuesday, with the index shedding 51.65 points to close at 11... Read more

Saudi Arabia Clinches 3rd-term Presidency Of Arab States Aviation Security Committee

JEDDAH: Saudi Arabia has been awarded the presidency of the Aviation Security Committee for a third consecutive term fol... Read more

Indias Vedanta Copper To Invest $2bn In Saudi Mining Sector

RIYADH: Saudi Arabia’s Ministry of Investment and Ministry of Industry and Mineral Resources have joined forces with V... Read more

Saudi Arabia Signs Over $9.3bn In Deals To Boost Supply Chain Resilience

RIYADH: Saudi Arabia has signed nine major agreements valued at SR35 billion ($9.31 billion) during the Global Supply Ch... Read more

EU Seeks To Boost Green Energy Collaboration With Saudi Arabia

RIYADH: The EU is keen to expand its cooperation with Saudi Arabia in the energy sector as the world increasingly shifts... Read more

Oil Updates – Prices Edge Up On Geopolitical Tensions; Higher-than-expected US Inventories Cap Gains

SINGAPORE: Oil prices rose marginally on Thursday as geopolitical concerns over escalating tensions between Russia and U... Read more