Islamic Finance

Oil Updates – Crude Heads For Weekly Loss As Chinese Demand Continues To Underperform

SINGAPORE: Oil prices fell on Friday on signs demand in China, the world’s biggest crude importer, continues to underp...

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Fortune Global Forum To Be Held In Riyadh In 2025

RIYADH: American football legend Tom Brady tossed a football to Saudi Arabia's General Secretariat of Council of Ministe... Read more

COP29: UN Secretary-General calls For Urgent Collaboration To Halt Catastrophic Climate change

RIYADH: UN Secretary-General Antonio Guterres emphasized the high stakes of climate inaction in a roundtable discussion ... Read more

Saudi Arabia Launches Company To Transform Asir Into Global Tourism Hub

RIYADH: Saudi Arabia’s Asir region has launched a new tourism venture through a partnership with the aim of creating... Read more

IMF, Saudi Arabia Announce New Annual Conference Tackling Global Economic Challenges

RIYADH: The International Monetary Fund and Saudi Arabia will jointly organize a high-level annual conference in AlUla t... Read more

Closing Bell: Saudi Arabias TASI Ends In The Red, Trading Volume Hits $2.95bn

RIYADH: The Tadawul All Share Index concluded the last session of the week at 11,791.18 points, down by 139.27 points or... Read more

IsDB, Multilateral Banks Aim For $120bn In Annual Climate Finance By 2030

RIYADH: Multilateral development banks are aiming to mobilize $120 billion annually by 2030 for climate financing in low... Read more

Leaders Stress Urgent Need For Climate Finance At COP29 Ministerial Dialogue

RIYADH: Global climate finance continues to fall short of expectations, as leaders gathered at the COP29 Ministerial Dia... Read more

IEA Sees 2025 Oil Market In Supply Surplus

LONDON: The world’s oil supply will exceed demand in 2025 even if OPEC+ cuts remain in place, the International Energy... Read more

Worlds Largest Green Hydrogen Plant On Track For 2026 Launch In Saudi Arabia, CEO Says

BAKU: The world’s largest green hydrogen plant, which is under construction in Saudi Arabia, is on-track to begin prod... Read more

Startup Wrap – Saudi VC Space Continues To Play Pivotal Role In SMEs Growth As Biban 24 Delivers Deals

RIYADH: Saudi Arabia’s venture capital ecosystem continues to boost the regional startup space, with one company plowi... Read more

Saudi Central Bank Lowers Benchmark Rate By 25 Bps Following US Fed Decision

RIYADH: Saudi Arabia’s central bank has implemented its second interest rate reduction of 2024, lowering the benchmark... Read more

Oil Updates – Prices Fall More Than 1 Percent As Hurricane Rafael Risk Recedes

LONDON: Oil prices fell on Friday on receding fears over the impact of Hurricane Rafael on oil and gas infrastructure in... Read more

Saudi Bank Loans Reach Highest Growth Rate In 19 Months, Surpassing $761bn

RIYADH: Saudi bank loans reached SR2.85 trillion ($760.84 billion) in September, representing an annual growth rate of 1... Read more

Closing Bell: GCC Stock Markets Up In Wake Of Trumps Election Win

RIYADH: Following Donald Trump’s victory in the US presidential election, stock markets across the Gulf Cooperation Co... Read more