Islamic Finance

Oman central Bank issues Treasury Bills Worth Over $70m 

RIYADH: Oman issued treasury bills totaling 27 million rials ($70.1 million) this week for varying maturity peri... Read more

Aldar Properties Announces $131m Redevelopment Of UAEs Al-Jimi Mall, Al-Hamra Mall

ABU DHABI: Aldar Properties announced on Tuesday an investment plan worth AED 500 million ($131 million) to redevelop tw... Read more

UAE Revenues, Expenditures Decline During Q1 2023

RIYADH: The UAE’s government’s revenues and expenditures both saw downturns in the first quarter of 2023, with the t... Read more

SAMA Grants Permit To BNPL Platform Tabby 

RIYADH: Reflecting its endeavor in supporting the fintech sector, the Saudi Central Bank has given the buy-now-pay-later... Read more

Qatars Free Zones Authority Joins With Development Bank To enhance Investment Climate

RIYADH: In a joint initiative aimed at enhancing the investment climate in Qatar, the country’s two leading insti... Read more

Saudi Arabia Closes July Sukuk Issuance At $700m 

RIYADH: Saudi Arabia’s National Debt Management Center has closed its riyal-denominated sukuk program issuance for J... Read more

Saudi Leaders Are Almost 3 Times more Likely To Innovate during A Recession: Dell Technologies 

RIYADH: At a time of recession, Saudi leaders and adopters are 2.8 times more likely to accelerate innovation efforts, a... Read more

Dubai Inflation Rate Eases To 2% In June, Its Lowest Level Since Jan 2022  

RIYADH: Pulled back by decelerating food and transportation prices, Dubai’s inflation rate eased to 2.05 percent in J... Read more

Closing Bell: TASI Maintains Upward Trajectory For 2nd Consecutive Day 

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward trend for the second consecutive day, climbing 80.... Read more

Saudi Dairy Giant NADEC Signs Deal With Yadoum To Produce Fertilizer From Biowaste

RIYADH: In a bid to protect the environment, Saudi dairy giant National Agricultural Development Co. signed a deal with ... Read more

Saudi Arabia Jumps 8 Spots On global Shipping Ranking By Lloyds List  

RIYADH: Saudi Arabia has jumped eight spots to claim 16th position in the international ranking for container handli... Read more

Saudi Arabia And Turkiye Sign Energy Cooperation Agreement

RIYADH: Saudi Arabia and Turkiye have signed an energy agreement aimed at boosting cooperation in oil and gas production... Read more

Almarai Begins Issuance Of US Dollar-denominated Trust Certificates 

RIYADH: Saudi Arabia’s diary giant Almarai on Tuesday commenced the offer of US dollar-denominated trust certificates ... Read more

Saudi Aramco CEO Joins Board Of Directors At BlackRock  

RIYADH: Saudi Arabia’s corporate leadership is reinforcing its position in international boardrooms, with Amin Nasser,... Read more

ADNOC To Roll Out Mideasts First High-speed Hydrogen Refueling Station    

RIYADH: The UAE’s National Hydrogen Strategy received a renewed push as the state-owned Abu Dhabi National Oil Co. beg... Read more