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Oil Updates – Crude Heads For Weekly Loss As Chinese Demand Continues To Underperform
Islamic Finance - Published date: .
SINGAPORE: Oil prices fell on Friday on signs demand in China, the world’s biggest crude importer, continues to underp... Read more
Fortune Global Forum To Be Held In Riyadh In 2025
Islamic Finance - Published date: .
RIYADH: American football legend Tom Brady tossed a football to Saudi Arabia's General Secretariat of Council of Ministe... Read more
COP29: UN Secretary-General calls For Urgent Collaboration To Halt Catastrophic Climate change
Islamic Finance - Published date: .
RIYADH: UN Secretary-General Antonio Guterres emphasized the high stakes of climate inaction in a roundtable discussion ... Read more
Saudi Arabia Launches Company To Transform Asir Into Global Tourism Hub
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s Asir region has launched a new tourism venture through a partnership with the aim of creating... Read more
IMF, Saudi Arabia Announce New Annual Conference Tackling Global Economic Challenges
Islamic Finance - Published date: .
RIYADH: The International Monetary Fund and Saudi Arabia will jointly organize a high-level annual conference in AlUla t... Read more
Closing Bell: Saudi Arabias TASI Ends In The Red, Trading Volume Hits $2.95bn
Islamic Finance - Published date: .
RIYADH: The Tadawul All Share Index concluded the last session of the week at 11,791.18 points, down by 139.27 points or... Read more
IsDB, Multilateral Banks Aim For $120bn In Annual Climate Finance By 2030
Islamic Finance - Published date: .
RIYADH: Multilateral development banks are aiming to mobilize $120 billion annually by 2030 for climate financing in low... Read more
Leaders Stress Urgent Need For Climate Finance At COP29 Ministerial Dialogue
Islamic Finance - Published date: .
RIYADH: Global climate finance continues to fall short of expectations, as leaders gathered at the COP29 Ministerial Dia... Read more
IEA Sees 2025 Oil Market In Supply Surplus
Islamic Finance - Published date: .
LONDON: The world’s oil supply will exceed demand in 2025 even if OPEC+ cuts remain in place, the International Energy... Read more
Worlds Largest Green Hydrogen Plant On Track For 2026 Launch In Saudi Arabia, CEO Says
Islamic Finance - Published date: .
BAKU: The world’s largest green hydrogen plant, which is under construction in Saudi Arabia, is on-track to begin prod... Read more
Startup Wrap – Saudi VC Space Continues To Play Pivotal Role In SMEs Growth As Biban 24 Delivers Deals
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s venture capital ecosystem continues to boost the regional startup space, with one company plowi... Read more
Saudi Central Bank Lowers Benchmark Rate By 25 Bps Following US Fed Decision
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s central bank has implemented its second interest rate reduction of 2024, lowering the benchmark... Read more
Oil Updates – Prices Fall More Than 1 Percent As Hurricane Rafael Risk Recedes
Islamic Finance - Published date: .
LONDON: Oil prices fell on Friday on receding fears over the impact of Hurricane Rafael on oil and gas infrastructure in... Read more
Saudi Bank Loans Reach Highest Growth Rate In 19 Months, Surpassing $761bn
Islamic Finance - Published date: .
RIYADH: Saudi bank loans reached SR2.85 trillion ($760.84 billion) in September, representing an annual growth rate of 1... Read more
Closing Bell: GCC Stock Markets Up In Wake Of Trumps Election Win
Islamic Finance - Published date: .
RIYADH: Following Donald Trump’s victory in the US presidential election, stock markets across the Gulf Cooperation Co... Read more
ACWA Power Reports 16% Profit Increase Amid Record Project Launches
Islamic Finance - Published date: .
RIYADH: ACWA Power, the Saudi-listed energy and water desalination company, has announced a 16 percent increase in its p... Read more
MODON Signs Contracts Worth Over $533m To Establish Industrial Complexes In Makkah, Al-Kharj
Islamic Finance - Published date: .
JEDDAH: Agreements to invest over SR2 billion ($533 million) in new industrial complexes will bring growth and job oppor... Read more
UAE Banking Sectors Net International Reserves Grow 11% By July 2024
Islamic Finance - Published date: .
RIYADH: The UAE’s banking sector saw a significant increase in its net international reserves, which rose by 11.1 perc... Read more
Logistics and Healthcare Startups To Get Boost From Saudi Government, assistant Deputy Minister Says
Islamic Finance - Published date: .
RIYADH: Saudi Arabia is set to launch multiple programs to boost its rapidly expanding startup ecosystem, focusing on ... Read more
Biban 24 Sees Deals Worth Over $359m On Its 2nd day
Islamic Finance - Published date: .
RIYADH: Agreements totaling SR1.35 billion ($359 million) were signed on the second day of Biban 24, a key event focused... Read more