Banking


Russian Ruble Strengthens Slightly As West Imposes New Sanctions

Islamic Finance - Published date: .

LONDON: The Russian ruble firmed on Friday, pushing back past the level of 80 to the US dollar, helped by higher oil pri... Read more

Oil Rebounds On Fading Risk Of US Debt Default

Islamic Finance - Published date: .

SINGAPORE: Oil prices rebounded on Friday from losses of more than 1 percent the previous day as investors turned cauti... Read more

Global Markets: Stocks Lifted To Month-high By US Debt Ceiling Hopes

Islamic Finance - Published date: .

LONDON/SINGAPORE: Global shares hit a one-month high on Friday as markets reflected increased hopes of a US debt ceiling... Read more

Saudi Arabias M3 Money Supply Surges 4.74% Since End Of December

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s M3 money supply has surged 4.74 percent since December 2022, according to data released by the ... Read more

Etihad Rail Partners With Italian Firm Arsenale To Launch Luxury Train Service In The UAE

Islamic Finance - Published date: .

RIYADH: Travelers will have access to a luxury train service in the UAE after national railway network operator Etihad R... Read more

Closing Bell: TASI Rises 66.80 Points As Healthcare Stocks Dominate

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index gained 66.80 points, or 0.59 percent, to close at 11,344.40 on Thursday... Read more

Saudi Industry To Bolster Trade Ties With Russian Companies At Key Event

Islamic Finance - Published date: .

RIYADH: Prominent industrialists from Russia will be visiting Saudi Arabia from May 29-30 to bolster trade and economic ... Read more

IHG Hotels & Resorts To Open 12 Holiday Inn Express Hotels In Saudi Arabia  

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s hospitality and tourism sector will witness a new wave of growth and investments with IHG Hotel... Read more

Jabal Omar Development Co. Receives License To Operate 5-star Tower

Islamic Finance - Published date: .

RIYADH: Jabal Omar Development Co. has been handed the license to operate the first tower of Saudi Arabia’s Jabal Omar... Read more

Gold Retreats As Dollar Gains Upper Hand

Islamic Finance - Published date: .

BENGALURU, India: Gold retreated on Thursday as rival safe-haven dollar advanced and outweighed support for bullion from... Read more

HSBC Sees Great Middle East-China Growth Potential, Says Banks Regional CEO

Islamic Finance - Published date: .

RIYADH: The booming Middle East-China trade corridor is encouraging HSBC’s clients to invest in the region, one of the... Read more

Oil Prices Fall, Set For 4th Weekly Drop, As Demand Fears Weigh

Islamic Finance - Published date: .

BEIJING: Oil prices fell on Friday, set for their fourth weekly decline, as renewed economic concerns in the US and Chin... Read more

Saudi SME Growth Critical For Nations Economy, Say Experts As Bank Pledges More Than $26m Funding

Islamic Finance - Published date: .

JEDDAH: An MOU worth $26.2 m has been signed providing finance for SMEs at the Islamic Development Bank’s annual meeti... Read more

Saudis To Receive Event Safety Training Under New Deal With Key Qatar World Cup Firm

Islamic Finance - Published date: .

RIYADH: Thousands of Saudis are set to be trained on event management and safety protocols by one of the firms that play... Read more

Vodafone Says CEO Of Top Shareholder E& To Join Its Board

Islamic Finance - Published date: .

LONDON: Vodafone Group on Thursday said the chief executive of its largest shareholder, Emirates telecoms group Etisalat... Read more

Qatar Drives Cleantech Industry in MENA Region With $75bn Investment Opportunity  

Islamic Finance - Published date: .

RIYADH: Qatar is set to drive the growth of the cleantech industry in the Middle East and Africa as its favorable g... Read more

Saudi Arabia Explores Industrial And Investment Opportunities With Oman 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s industry and mining sectors are set to benefit from bilateral ties with Oman as their ministe... Read more

Closing Bell: TASI Rises 99.6 Points As Trading Volume Touches $1.64bn 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index gained 99.6 points, or 0.88 percent, to finish at 11,392.78 on Thursday... Read more

Aviation Hubs In UAE, Saudi Arabia To Drive passenger Traffic recovery In Mideast

Islamic Finance - Published date: .

CAIRO: Key aviation hubs in the UAE and Saudi Arabia are forecast to drive a full recovery of passenger traffic in the M... Read more

Oil Rises But On Track For Third Week Of Losses Due To Demand Worries

Islamic Finance - Published date: .

HOUSTON: Oil prices rose in Asian trade on Friday, but were poised for a third straight week of losses after markets wit... Read more