Islamic Finance

Startup Wrap – Saudi Firms Continue To Lead Regional Activity

RIYADH: Saudi Arabia’s startup ecosystem is gaining momentum, with several firms securing significant investments and ... Read more

UAE The Top Destination For Saudi Arabias Non-oil Goods: GASTAT

RIYADH: Saudi Arabia’s neighbor UAE was the favorite destination for the Kingdom’s non-oil goods in August, with exp... Read more

GCC Sovereign Wealth Funds Lead Global Dealmaking With $55bn In Transactions

RIYADH: Sovereign wealth funds across the Gulf Cooperation Council signed off $55 billion across 126 transactions in the... Read more

Wellness Tourism – A Rising Force In Saudi Arabias Vision 2030

RIYADH: Saudi Arabia is rapidly positioning itself as a global leader in wellness tourism, a sector that promises signif... Read more

Pakistan, Saudi Arabia Vow To Increase Cooperation Between Small And Medium Enterprises

ISLAMABAD: Pakistan’s Minister for Industries and Production Rana Tanveer Hussain met with Saudi Arabia’s Governor ... Read more

Saudi Central Banks Governor Highlights Global, Domestic Economic Resilience At IMF Meeting

WASHINGTON DC: Ayman Al-Sayari, the governor of the Saudi Central Bank, emphasized on Friday the resilience of the globa... Read more

Oil Updates – Crude Heads For Weekly Gain As Middle East Tensions Keep Market On Edge

SINGAPORE: Oil prices nudged higher on Friday and are on track for a weekly gain of more than 1 percent, as tensions in ... Read more

Riyadhs Population To Hit 9.6m By 2030, Driving Demand For 305k New Homes: Knight Frank

RIYADH: Saudi Arabia’s capital Riyadh is poised for significant population growth, with the number of residents projec... Read more

IMF Says Size Of Egypts Loan Program Is Still Appropriate

WASHINGTON: The International Monetary Fund stated on Thursday that Egypt’s $8 billion loan program remains “still a... Read more

UN Official Issues Urgent Warning About Growing Global Inequality

JEDDAH: In a world increasingly marked by disparity, a senior UN official has issued a pressing warning: the gap between... Read more

Saudi Arabia And Spain Discuss Opportunities In Drone And Automotive Industries 

RIYADH: Saudi Arabia is exploring partnerships with Spanish companies in drone technology, automotive components, and ge... Read more

Omans Credit Balance Reaches $81.6bn In August 

RIYADH: Oman’s total credit balance in the banking sector grew 3.3 percent in August, reaching 31.4 billion Omani rial... Read more

Saudi Restaurant And Cafe Sales Boost August POS Spending To $15.6bn

RIYADH: Saudi Arabia’s point-of-sale spending reached around SR58.51 billion ($15.6 billion) in August, marking a 9.67... Read more

Saudi Arabias PIF Launches New Property Developer To Transform Staff Housing Market

RIYADH: Saudi Arabia’s Public Investment Fund has established a new property developer focused on housing for staff in... Read more

Saudi Arabia, China Forge Tourism Partnerships To Boost Investment, Travel

JEDDAH: Officials from Saudi Arabia and China have begun discussions to enhance tourism ties, boost investment, and expa... Read more