Islamic Finance

Oil Updates – Prices Higher On Fed Comments On Inflation, Middle East Tensions

LONDON: Oil prices gained on Friday, after minutes from a Federal Reserve meeting suggested inflation was under control... Read more

Global Markets – Stocks Set To Snap 9-week Winning Streak On Interest Rate Rethink

LONDON/TOKYO: Global equities were on course to snap a nine-week winning streak, government bonds sold off, and the doll... Read more

World Food Price Index Ends 2023 Some 10 Percent Below 2022 Levels

LONDON: The UN food agency’s world price index ended last year about 10 percent below its 2022, with values in Decembe... Read more

Saudi Arabia Issued 130 Industrial Licenses In November 2023

RIYADH: Saudi Arabia’s Ministry of Industry and Mineral Resources issued 130 industrial licenses in November 2023, com... Read more

Saudi Health Insurance Sector Eyes 25m Beneficiaries By 2030: Report

RIYADH: Health insurance companies in Saudi Arabia are looking to extend their coverage to 25 million beneficiaries by 2... Read more

Closing Bell: Saudi Main Index Rises To Close At 12,145 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 216.56 points, or 1.82 percent, to close at 1... Read more

Abu Dhabi Unveils MEAs First Processing Facility For Enzyme-based Fuel Additives 

RIYADH: Abu Dhabi has unveiled the first advanced facility in the Middle East and Africa for treating fuel additives, ai... Read more

Shipping Volume In Suez Canal Drops 28% after Disruptions

RIYADH: Shipping volume in the Suez Canal dropped 28 percent year on year in the 10 days ending Jan. 2, official data ha... Read more

Saudi Arabia Gives Green Light To 2024 Annual Borrowing Plan

RIYADH: The Saudi finance minister has officially approved the Kingdom’s annual borrowing plan for 2024, covering vari... Read more

Saudi Companies Brace For Increased Energy Bills As Aramco Raises Prices

RIYADH: Several companies in Saudi Arabia announced expectations of higher energy bills following Aramco raising its pr... Read more

SAMAs Total Assets In November Reach $485.64tn

RIYADH: The total assets of the Saudi Central Bank, also known as SAMA, in November rose by 3.25 percent as compared to... Read more

Egypt Seals 29 Deals In 2023 To Search For Oil And Gas 

RIYADH: Egypt’s petroleum sector made huge strides in 2023 with the signing of 29 agreements valued at $1.2 billion fo... Read more

Closing Bell: TASI Closes At Highest Level Since October 2022

RIYADH: Saudi Arabia’s Tadawul All Share Index experienced a rise on Thursday, gaining 42.57 points, or 0.36 percent, ... Read more

Saudi Railways In Deal With Bahri To Provide International Freight Services 

RIYADH: International freight forwarding services across the Kingdom will be strengthened further as Saudi Arabia Railwa... Read more

AROYA Cruises Unveils First Cruise Ship   

RIYADH: Saudi Arabia’s cruise sector is poised for a significant transformation with the unveiling of a new vessel by ... Read more