Islamic Finance

Public Firms Listed On Muscat Bourse Report 52.6% Surge In Profits

RIYADH: The net profits of public joint companies listed on the Muscat Stock Exchange surged 52.6 percent year on year ...

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Riyadh Municipality Unveils New Investment Opportunities Across Key Sectors 

JEDDAH: Riyadh has unveiled new investment opportunities for 2025, covering commercial, residential, retail, industrial,... Read more

Global Borrowing Hits $25tn In 2024, Raising Debt Sustainability Fears: OECD 

RIYADH: Global borrowing hit a record $25 trillion in 2024, a $10 trillion surge from pre-pandemic levels, sparking conc... Read more

Global Economic Growth To Average At 3.1% In Next 5 Years: IMF Official 

RIYADH: Global economic growth is expected to average around 3.1 percent in the next five years, below the pre-pandemi... Read more

Saudi Arabias PIF At Forefront As Gulf SWFs Approach $18tn By 2030

RIYADH: Saudi Arabia’s sovereign wealth fund and five of its regional counterparts are on track to control $18 trillio... Read more

Tabuks Business Journey — A Navigation Of Growth And Vision

RIYADH: A young workforce, strong demand and attractive tourist offerings are helping transform Tabuk into one of Saudi... Read more

How Saudi Arabia Is Engineering A Water-secure Future

JEDDAH: Saudi Arabia is tackling water scarcity with bold steps toward a sustainable future. Through its National Water... Read more

Fintech, Gaming, And Health-care Capture Venture Interest

RIYADH: Startups across the Middle East and North Africa region continue to attract investor interest, with fintech, ga... Read more

Saudi Banks Shift Focus To Debt Markets During Sukuk Surge

RIYADH: As Saudi Arabia’s financial system turns increasingly to debt markets for funding, it will face new opportunit... Read more

Gold Set For 3rd Weekly Gain As Investors Seek Safe Haven

BENGALURU: Gold prices fell on Friday, but were poised for a third straight weekly gain, bolstered by safe-haven demand ... Read more

Oil Updates — Crude Rebounds As Ukraine Ceasefire Deal Remains Elusive

SINGAPORE: Oil prices rebounded on Friday to recover some of their losses of more than 1 percent in the previous session... Read more

IEA Sees Global Oil Market Surplus For 2025 As Demand Disappoints

LONDON: Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agen... Read more

Oil Updates — Crude Slips Amid Macroeconomic Concerns Despite Firm Demand Expectations

LONDON: Oil prices slipped on Thursday after a surge in the previous session on a larger-than-expected draw in US gasoli... Read more

Closing Bell: Saudi Main Index Closes In Green At 11,725

RIYADH: Saudi Arabia’s Tadawul All Share Index gained 20.95 points, or 0.18 percent, closing at 11,725.88 on Thursday.... Read more

Saudi Money Supply Up 9% To Hit $791bn In January

RIYADH: Saudi Arabia’s money supply climbed to SR2.97 trillion ($791 billion) in January, marking a 9 percent annual r... Read more