Islamic Finance

SAMAs Total Assets In November Reach $485.64tn

RIYADH: The total assets of the Saudi Central Bank, also known as SAMA, in November rose by 3.25 percent as compared to... Read more

Egypt Seals 29 Deals In 2023 To Search For Oil And Gas 

RIYADH: Egypt’s petroleum sector made huge strides in 2023 with the signing of 29 agreements valued at $1.2 billion fo... Read more

Closing Bell: TASI Closes At Highest Level Since October 2022

RIYADH: Saudi Arabia’s Tadawul All Share Index experienced a rise on Thursday, gaining 42.57 points, or 0.36 percent, ... Read more

Saudi Railways In Deal With Bahri To Provide International Freight Services 

RIYADH: International freight forwarding services across the Kingdom will be strengthened further as Saudi Arabia Railwa... Read more

AROYA Cruises Unveils First Cruise Ship   

RIYADH: Saudi Arabia’s cruise sector is poised for a significant transformation with the unveiling of a new vessel by ... Read more

Jordan To Restrict Essential Goods Exports 

RIYADH: Jordan has regulated the export and re-export of essential goods, including rice and sugar, amid soaring shippin... Read more

Saudi Fintech Platform Closes $15m Series A Funding Round   

RIYADH: Saudi digital lending platform Tameed, specializing in Shariah-compliant financing for small and medium enterpri... Read more

SAMA To Host 43rd IFSB Council Meeting In Jeddah  

RIYADH: The role of Shariah-compliant funding in fostering sustainable economic growth will take center stage at the 43r... Read more

NHC And New Murabba Development Co. Sign MoU To Raise Sustainability Standards  

RIYADH: Saudi Arabia’s latest downtown project in Riyadh is set to prioritize sustainability as New Murabba Developmen... Read more

SFDA Obtains WHO Certificate On Food Free Of Artificial Trans Fats

RIYADH: Saudi Arabia is among five countries to have received a recognition certification from the World Health Organiza... Read more

Oil Updates – Crude Extends Weekly Gains, Up 1 Percent As Red Sea Tension Persists

SINGAPORE: Oil prices rose as much as 1 percent on Friday as tensions persisted in the Middle East following Houthi atta... Read more

Saudi Arabia To Unveil Findings Of Geological Surveys At Future Mining Forum

RIYADH: The Saudi Geological Survey will announce the findings of various geological survey projects at the upcoming Thi... Read more

Saudi Arabia Launches Carbon Capture Facility In Rabigh

RIYADH: Saudi Arabia has stepped up its commitment toward climate change by launching a carbon capture and utilization f... Read more

Saudi Wealth Fund Invests In Saudia Technic To Boost Its Capabilities

RIYADH: Saudi Arabia’s Public Investment Fund on Thursday announced the signing of an agreement to invest in Saudia Te... Read more

Saudi NDMC Seals $1.09bn Financing Deal With Italy To Bolster Commercial Ties   

RIYADH: Commercial and investment ties between Saudi Arabia and Italy are set to flourish thanks to a new €1 billion ... Read more