Islamic Finance

Jeddah Set For $1bn Trump Plaza, Saudi Developer Dar Global Reveals

JEDDAH: Saudi developer Dar Global plans a $1 billion Trump Plaza Jeddah in its second collaboration with the Trump Org... Read more

 Zakat Authority And Culture Ministry Sign Cooperation Agreement 

RIYADH: Saudi Arabia’s Zakat, Tax and Customs Authority and the Ministry of Culture signed a cooperation agreement to ... Read more

Saudi Box Office Growth Extraordinary, Could Mirror England, Sony Executive Says

JEDDAH: Saudi Arabia’s cinema box office is already comparable in size to England’s with the right marketing, said T... Read more

PIF-backed Agritourism Brand Solan Announced

RIYADH: Saudi Arabia’s tourism landscape is set to transform with “Solan,” a new hospitality brand launched by Dan... Read more

Saudi Arabia To Open Regions First Cultural University In 2026

RIYADH: Saudi Arabia will establish the Middle East and North Africa’s first cultural university as it steps up invest... Read more

Global M&A Hits $2.6tn Peak Year-to-date, Boosted By AI And Quest For Growth

LONDON: Global dealmaking has reached $2.6 trillion, the highest for the first seven months of the year since the 2021 ... Read more

Oil Updates — Crude Little Changed As OPEC+ Output Hikes Counter Russia Disruption Concerns

BENGALURU/SINGAPORE: Oil prices were little changed on Tuesday as traders assessed rising supply by OPEC+ against worrie... Read more

Aramco Posts $22.67bn Q2 Profit Amid Market Volatility 

RIYADH: Saudi Aramco reported a net profit of $22.67 billion for the second quarter of 2025, underscoring its operationa... Read more

Kuwait, Qatar, UAE Maintain Non-oil Growth Momentum; Egypt Shows Recovery Signs While Lebanon Struggles

RIYADH: Non-oil business activity in the Middle East showed mixed trends in July, with Kuwait, the UAE, and Qatar maint... Read more

Saudi Arabias Non-oil Growth Stays Strong Despite Softer July PMI

RIYADH: Saudi Arabia’s non-oil business activity continued to expand in July, even as growth momentum softened, with t... Read more

MENA IT Spending To Reach $169bn In 2026 

RIYADH: Information technology spending in the Middle East and North Africa region is forecast to reach $169 billion in ... Read more

Closing Bell: Saudi Main Index Closes Up At 10,839

RIYADH: Saudi Arabia’s Tadawul All Share Index edged higher on Monday, gaining 6.35 points, or 0.06 percent, to close ... Read more

IMF Praises Saudi Arabias Economic Resilience 

RIYADH: The International Monetary Fund has commended Saudi Arabia for its resilience to global shocks, citing its expan... Read more

Saudi Arabia Tops GCC Debt Market With $47.9bn In H1 Issuances: Markaz 

RIYADH: Saudi Arabia led the Gulf region’s primary debt market in the first half of 2025, raising $47.93 billion throu... Read more

PIFs Adeera To Operate Hotel Portfolio Across Qiddiya City

RIYADH: Saudi-grown hotel brands will be introduced across Qiddiya City under a new strategic partnership between its de... Read more