Islamic Finance

Saudi Arabia Jumps 8 Spots On global Shipping Ranking By Lloyds List  

RIYADH: Saudi Arabia has jumped eight spots to claim 16th position in the international ranking for container handli... Read more

Saudi Arabia And Turkiye Sign Energy Cooperation Agreement

RIYADH: Saudi Arabia and Turkiye have signed an energy agreement aimed at boosting cooperation in oil and gas production... Read more

Almarai Begins Issuance Of US Dollar-denominated Trust Certificates 

RIYADH: Saudi Arabia’s diary giant Almarai on Tuesday commenced the offer of US dollar-denominated trust certificates ... Read more

Saudi Aramco CEO Joins Board Of Directors At BlackRock  

RIYADH: Saudi Arabia’s corporate leadership is reinforcing its position in international boardrooms, with Amin Nasser,... Read more

ADNOC To Roll Out Mideasts First High-speed Hydrogen Refueling Station    

RIYADH: The UAE’s National Hydrogen Strategy received a renewed push as the state-owned Abu Dhabi National Oil Co. beg... Read more

Saudi Startups Top MENA Region In Raising Funds In H1, Collects $446m 

RIYADH: Saudi Arabia’s focus on encouraging entrepreneurship has paid off as startups in the Kingdom raised $446 milli... Read more

Egypts Sovereign Fund Enters Top 50 Global Wealth List: SWFI  

RIYADH: Egypt’s state wealth fund has attained 47th position in the top 100 largest sovereign funds by tot... Read more

Closing Bell: Saudi Main Index Slips Slightly To Close At 11,768  

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped slightly by 11.56 points, or 0.10 percent, on Tuesday, to close ... Read more

Saudi Banks Set To Perform Well Despite Tighter Liquidity: Fitch 

RIYADH: Despite tighter liquidity, banks in Saudi Arabia are expected to perform well this year thanks to a favorable op... Read more

Bahrains Economy Grows In Q1 As Non-oil Sector Rises 3.5%  

RIYADH: Bahrain posted a real gross domestic product growth rate of 2 percent in the first quarter of 2023, fueled by a ... Read more

Maaden Makes Its Largest Ever Debt Repayment Of $800m 

RIYADH: A debt of SR3 billion ($800 million) was repaid by Saudi Arabian Mining Co., also known as Ma’aden, in what wa... Read more

King Abdulaziz Port Welcomes Its First LNG-powered Cargo Vessel  

RIYADH: Saudi Arabia’s King Abdulaziz Port has received its first cargo ship powered by eco-friendly liquified natural... Read more

ROSHN Signs MoU With Expro To Develop Saudi Real Estate 

RIYADH: In a move to develop its residential communities, Saudi real estate developer ROSHN has signed a memorandum of ... Read more

UAE Economy Minister Visits Samsung HQ In South Korea

DUBAI: The UAE’s Minister of Economy Abdullah bin Touq Al-Marri recently led a delegation to electronics corporation S... Read more

Saudi Arabias SNB Capital Acquires $100m Stake In South Korean Car Battery Firm   

RIYADH: Saudi Arabia’s SNB Capital has agreed to invest $100 million in South Korean firm SK On as the car battery man... Read more