Islamic Finance

Oil Updates – Prices Edge Up On Geopolitical Tensions; Higher-than-expected US Inventories Cap Gains

SINGAPORE: Oil prices rose marginally on Thursday as geopolitical concerns over escalating tensions between Russia and U...

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Saudi Arabias Construction Contracts Jump 47% To $49.3bn In H1 2024  

RIYADH: Saudi Arabia’s construction sector continues to thrive, with contract awards totaling SR185 billion ($49.3 bil... Read more

Saudi Local Content Projects Valued At $213bn By Q3 2024, Says Alkhorayef

JEDDAH: The value of projects under Saudi Arabia’s local content initiatives has reached approximately SR800 billion (... Read more

Tourism Seen As Key To Advancing Global Climate Action, UN Official Says

RIYADH: Tourism presents a significant opportunity to advance global climate action, said a senior UN official, urging n... Read more

Saudi CMA Seeks Feedback On Foreign Investment And Market Access Reforms

RIYADH: Saudi Arabia’s Capital Market Authority is seeking to attract more foreign investments and improve market acce... Read more

Closing Bell: Saudi Main Index Closes In Red At 11,867 

RIYADH: Saudi Arabia’s Tadawul All Share Index declined on Wednesday, shedding 7.99 points, or 0.07 percent, to close ... Read more

ACWA Power, ITOCHU Corp. Sign MoU At COP29 To Accelerate Global Clean Energy Transition

RIYADH: Saudi Arabia’s ACWA Power has entered into an agreement with Japan’s ITOCHU Corp. during COP29 to strengthen... Read more

OPEC Chief Tells COP29 Oil Is A Gift From God

BAKU: OPEC Secretary-General Haitham Al-Ghais on Wednesday told the COP29 climate summit in Baku that crude oil and natu... Read more

Saudi Arabia Leading Clean-energy Revolution With $180bn For Green Economy, Climate Tech: Agility

RIYADH: Saudi Arabia is accelerating its leadership in sustainability, committing over $180 billion to a green economy ... Read more

Saudi Economic Growth To Accelerate To 4.7% In 2025: Moodys

RIYADH: Saudi Arabia’s economy is set to grow by 1.7 percent this year, before accelerating to 4.7 percent in 2025 and... Read more

Oil Updates – Crude Heads For Weekly Loss As Chinese Demand Continues To Underperform

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

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

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

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

RIYADH: The International Monetary Fund and Saudi Arabia will jointly organize a high-level annual conference in AlUla t... Read more