Islamic Finance

Central Bank Of Oman Issues Treasury Bills Worth $90.9m

RIYADH: The Central Bank of Oman has revealed that the total value of government treasury bills issued this week amounte... Read more

UAE To Triple Contribution Of Renewables To Energy mix Over Next 7 Years   

RIYADH: In a push towards sustainability, the UAE aims to triple the contribution of renewable energy to the country's e... Read more

Kazakhstans Air Astana Opens Ticket Sales For New Jeddah Flights

RIYADH: Saudi Arabia’s tourism sector is expected to get a further boost, with Kazakhstan’s Air Astana opening ticke... Read more

Saudi Minister Meets Huawei CEO To Expand Partnership And Boost Digital Economy

RIYADH: Saudi Arabia and China are exploring opportunities to cooperate in technology and related infrastructure, with t... Read more

Chinese Economy To Rebound In 2023 To Hit 5% Annual Growth: Premier Li

RIYADH: The Chinese economy is expected to rebound strongly in the second quarter of this year, and will mark an overa... Read more

Israels Tech Sector Troubles Persist In 2023, State Agency Says

JERUSALEM: A slowdown in Israel’s technology sector has worsened in 2023, exacerbated by political turmoil, and the co... Read more

US Oil And Gas Production Decelerating At A Time Of Booming Demand, Shows Survey

RIYADH: Driven by a fall in crude and commodities pricing, oil and gas production in the US is decelerating at a time wh... Read more

Oil Updates — Crude Slips On Supply Worries; Guyana Dampens OPEC Accession Rumours

RIYADH: Oil prices slipped on Tuesday ahead of data from the American Petroleum Institute which will shed light on US ap... Read more

Turkiye Stays Top Destination For Russian June Diesel Loadings

MOSCOW: Turkiye will again be the top destination for Russian diesel exports in June, while total shipments are set to r... Read more

PIFs Lifera Forms JV With Global Omics Diagnostics Firm CENTOGENE 

RIYADH: Patients in the Gulf Cooperation Council region could get faster and more accurate diagnoses after the Public In... Read more

King Fahd International Airport Records 250k Passengers In 7 Days

RIYADH: King Fahd International Airport witnessed an 11 percent rise in passenger numbers throughout the seven days of t... Read more

Saudi Venture Studio VMS Acquires Stakes In Egypts Cash Cows

RIYADH: The startup ecosystem in the Middle East and North Africa region is poised to get a boost as Saudi Arabia-based ... Read more

Saudi Cement Firms In Central Region May Slash Prices Amid Robust Competition 

RIYADH: A price war between cement producers is likely to break out in Saudi Arabia’s central region on the back of th... Read more

UAE In-Focus: IMF Expects Emirates GDP To Grow By 3.6% In 2023 

RIYADH: The UAE is poised for positive economic growth as it is projected to achieve a 3.6 percent increase in its gross... Read more

Saudi Agricultural Development Fund Approves $400m To Improve Farm Productivity

RIYADH: Farmers in Saudi Arabia attained SR1.5 billion ($400 million) worth of funding after the Kingdom’s Agricultura... Read more