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Saudi Arabia To Achieve FDI Target Of $24bn In 2024: Standard Chartered

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s updated investment law and a slew of recent reforms could help the country achieve its goal of ... Read more

Saudi Arabias Pharma, Medical Device Factories Surge To 206 With $2.6bn Investments

Islamic Finance - Published date: .

RIYADH: The number of pharmaceutical and medical device factories in Saudi Arabia has reached 206, with investments tota... Read more

Closing Bell: TASI Edges Down To Close At 12,261 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index closed at 12,261.18 points on Monday, losing 1.46 points, or 0.01 perce... Read more

PIFs Savvy Games Group Partners With Xsolla To Launch Gaming Hub In Riyadh

Islamic Finance - Published date: .

RIYADH: Public Investment Fund-owned Savvy Games Group has signed a memorandum of understanding with international gamin... Read more

Saudi Arabia, Ethiopia Form Business Council To Boost Economic Ties

Islamic Finance - Published date: .

JEDDAH: Saudi Arabia and Ethiopia are set to strengthen their economic ties with the establishment of a new business cou... Read more

Qatar Strikes Another 15-year LNG Supply Deal With Kuwait 

Islamic Finance - Published date: .

KUWAIT: Qatar agreed on Monday to supply Kuwait with 3 million tonnes per annum of liquefied natural gas for 15 years, t... Read more

Riyadh Firms Launch $405m Partnership To Transform Historic Qasr Al-Hukm Area

Islamic Finance - Published date: .

RIYADH: Two major state-owned and publicly listed companies have formed a partnership to oversee the development and ma... Read more

UAEs Mubadala Acquires Full Ownership Of UCB Pharmas China Business With CBC Group

Islamic Finance - Published date: .

RIYADH: UAE sovereign wealth fund Mubadala Investment Co. has acquired 100 percent ownership of UCB Pharma’s mature bu... Read more

Saudi Housing Sector Secures Key US Deals To Boost Real Estate Development

Islamic Finance - Published date: .

JEDDAH: Saudi Arabia’s housing sector has strengthened its international partnerships by signing five key agreements o... Read more

Qatar Sees 36% Rise In Building Permits Issued In July

Islamic Finance - Published date: .

RIYADH: Qatar’s construction sector is experiencing robust growth, with the nation documenting a 36 percent month-on-m... Read more

ACWA Power Restructures Debt And Ownership In Turkish Affiliate 

Islamic Finance - Published date: .

RIYADH: Saudi utility giant ACWA Power has restructured debt and ownership in its Turkish affiliate, converting outstand... Read more

Saudi Arabias Non-oil Activities Increase By 2.2% In June: GASTAT 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia's non-oil activities saw a 2.2 percent increase in June compared to the previous month, signaling o... Read more

Maadens Profits Surge 160% To Reach $532bn In First Half Of 2024

Islamic Finance - Published date: .

RIYADH: Saudi Arabian Mining Co., widely known as Ma’aden, achieved a net profit of SR2 billion ($532 million) in the ... Read more

Saudi Arabias King Abdulaziz Port Enhances Connectivity With New Shipping Service

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s King Abdulaziz Port in Dammam is set to enhance its maritime links with key ports in India and ... Read more

Closing Bell: Saudi Benchmark Index Rises To Close At 11,771 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 104.57 points, or 0.90 percent, to close at 11,... Read more

Riyadh Air Unveils 1st Electric Bus As Part Of Sustainable Transport Initiative

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Riyadh Air has introduced the first bus in its fleet of electric coaches for employee transport... Read more

Abu Dhabis ADQ To Acquire Minority Stake In Auction House Sothebys

Islamic Finance - Published date: .

RIYADH: Abu Dhabi’s sovereign wealth fund is set to acquire a minority stake in Sotheby’s auction house, highlightin... Read more

Saudi Arabia Unveils Updated Investment Law To Facilitate Foreign Investors

Islamic Finance - Published date: .

RIYADH: Saudi Arabia has announced a significant overhaul of its investment law as part of its Vision 2030 reform strate... Read more

Expat Remittances From Saudi Arabia Hits $3.2bn In June

Islamic Finance - Published date: .

RIYADH: Expatriate remittances from Saudi Arabia reached $3.2 billion in June, reflecting an annual increase of 11.32 pe... Read more