Economic crisis


Startup Wrap – Saudi Firms Continue To Lead Regional Activity

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s startup ecosystem is gaining momentum, with several firms securing significant investments and ... Read more

UAE The Top Destination For Saudi Arabias Non-oil Goods: GASTAT

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s neighbor UAE was the favorite destination for the Kingdom’s non-oil goods in August, with exp... Read more

GCC Sovereign Wealth Funds Lead Global Dealmaking With $55bn In Transactions

Islamic Finance - Published date: .

RIYADH: Sovereign wealth funds across the Gulf Cooperation Council signed off $55 billion across 126 transactions in the... Read more

Wellness Tourism – A Rising Force In Saudi Arabias Vision 2030

Islamic Finance - Published date: .

RIYADH: Saudi Arabia is rapidly positioning itself as a global leader in wellness tourism, a sector that promises signif... Read more

Pakistan, Saudi Arabia Vow To Increase Cooperation Between Small And Medium Enterprises

Islamic Finance - Published date: .

ISLAMABAD: Pakistan’s Minister for Industries and Production Rana Tanveer Hussain met with Saudi Arabia’s Governor ... Read more

Saudi Central Banks Governor Highlights Global, Domestic Economic Resilience At IMF Meeting

Islamic Finance - Published date: .

WASHINGTON DC: Ayman Al-Sayari, the governor of the Saudi Central Bank, emphasized on Friday the resilience of the globa... Read more

Oil Updates – Crude Heads For Weekly Gain As Middle East Tensions Keep Market On Edge

Islamic Finance - Published date: .

SINGAPORE: Oil prices nudged higher on Friday and are on track for a weekly gain of more than 1 percent, as tensions in ... Read more

Riyadhs Population To Hit 9.6m By 2030, Driving Demand For 305k New Homes: Knight Frank

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s capital Riyadh is poised for significant population growth, with the number of residents projec... Read more

IMF Says Size Of Egypts Loan Program Is Still Appropriate

Islamic Finance - Published date: .

WASHINGTON: The International Monetary Fund stated on Thursday that Egypt’s $8 billion loan program remains “still a... Read more

UN Official Issues Urgent Warning About Growing Global Inequality

Islamic Finance - Published date: .

JEDDAH: In a world increasingly marked by disparity, a senior UN official has issued a pressing warning: the gap between... Read more

Saudi Arabia And Spain Discuss Opportunities In Drone And Automotive Industries 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia is exploring partnerships with Spanish companies in drone technology, automotive components, and ge... Read more

Omans Credit Balance Reaches $81.6bn In August 

Islamic Finance - Published date: .

RIYADH: Oman’s total credit balance in the banking sector grew 3.3 percent in August, reaching 31.4 billion Omani rial... Read more

Saudi Restaurant And Cafe Sales Boost August POS Spending To $15.6bn

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s point-of-sale spending reached around SR58.51 billion ($15.6 billion) in August, marking a 9.67... Read more

Saudi Arabias PIF Launches New Property Developer To Transform Staff Housing Market

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Public Investment Fund has established a new property developer focused on housing for staff in... Read more

Saudi Arabia, China Forge Tourism Partnerships To Boost Investment, Travel

Islamic Finance - Published date: .

JEDDAH: Officials from Saudi Arabia and China have begun discussions to enhance tourism ties, boost investment, and expa... Read more

RCU Showcases Environmental, Social, And Economic Milestones In 1st Annual Sustainability Report

Islamic Finance - Published date: .

RIYADH: The Royal Commission for AlUla has unveiled its first Annual Sustainability Report, marking a milestone in the c... Read more

Saudi Startup Ecosystem Accounts For 60% Of Regional Funding In September

Islamic Finance - Published date: .

CAIRO: Saudi Arabia’s startup ecosystem accounted for 60 percent of the Middle East and North Africa region’s fundin... Read more

Corporate Activities Drive Saudi Bank Loans To Highest Growth Rate In 18 Months

Islamic Finance - Published date: .

RIYADH: Saudi bank loans reached SR2.82 trillion ($753.27 billion) in August, representing an annual growth rate of 12.1... Read more

Arab Markets See Growth In Select Exchanges Amid Overall Regional Declines In September: AMF

Islamic Finance - Published date: .

RIYADH: A smattering of Arab markets saw positive growth in September, despite an overall decline for the region, accord... Read more

Oil Updates – Crude Steadies, But On Track For Biggest Weekly Loss In Over A Month

Islamic Finance - Published date: .

LONDON: Oil futures steadied on Friday after data showed a fall in crude and fuel inventories in the US and the emergenc... Read more