Islamic Finance

Bahrains National Origin Exports Value Sees 20% Year-on-year Drop In Q1 2023

RIYADH: Bahrain’s national origin exports value dropped 20 percent during the first quarter of 2023 compared to the sa... Read more

Saudi Cocoa Imports Set To Exceed 2022 Figure Thanks To Bumper First Quarter

RIYADH: Cocoa imports into Saudi Arabia exceeded 37 million kilograms in the first quarter of 2023, putting the Kingdom ... Read more

Riyadh Records Largest Number Of Commercial Registers Issued In Q1 2023

RIYADH: Riyadh bagged 18,800 commercial registers in the first quarter of 2023, making it the city with the highest numb... Read more

Japan PM Mulls Action Plan To Boost Investment In East Asian Country

TOKYO: Japanese Prime Minister Fumio Kishida  said Thursday that his government will roll out an action plan as early ... Read more

Pakistan To Place 1st Order To Import Discounted Russian Oil This Month

ISLAMABAD: Pakistan’s State Minister for Petroleum Dr. Musadik Malik said on Wednesday that Islamabad would place its... Read more

Four New Special Economic Zones To Be Established In Saudi Arabia

RIYADH: Four special economic zones are to be established in Saudi Arabia, Crown Prince Mohammed bin Salman announced on... Read more

Global Sukuk Outlook For Q2 Is Positive Despite Slowdown: Fitch

RIYADH: The global sukuk issuance for the second quarter is building up even as it faces short-term uncertainties amid c... Read more

Closing Bell: Saudi Stocks Continue To Rise, End Week On Positive Note

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward movement on Thursday, as it went up by 29.28 point... Read more

Saudi Ports Book 21% Rise In Container Volumes In March: Mawani

RIYADH: Saudi Arabia’s ports witnessed a 21.14 percent increase in container volumes to 693,523 twenty-foot equivalent... Read more

Saudi Inflation Eases To 2.7% In March: GASTAT 

RIYADH: Saudi Arabia’s inflation rate softened to 2.7 percent in March, against 3 percent recorded in February, primar... Read more

OPEC Keeps Outlook For 2023 World Oil Demand Unchanged

RIYADH: Keeping its forecast for global oil demand growth in 2023 unchanged at 2.3 million barrels per day or 2.3 perce... Read more

IMF Raises Saudi Arabias Growth Projection To 3.1% For 2023

RIYADH: The International Monetary Fund has raised its expectations for Saudi Arabia’s economic growth this year by 0.... Read more

Saudi ACWA Power To Develop $677m Desalination Project 

RIYADH: Saudi energy firm ACWA Power has signed a water purchase agreement for the 600,000-cubic meter per day Rabig... Read more

Dubais Residential Market Reaches Record Highs In Q1: CBRE 

RIYADH: Dubai property market continues to grow at an unprecedented rate, with the transaction volumes reaching record... Read more

Saudi Arabia Ranks 2nd In Global Study Of AI Awareness

RIYADH: Saudi Arabia ranks second globally for societal awareness of artificial intelligence, according to the 2023 Art... Read more