Islamic Finance

Closing Bell: Saudi Main Index Rises To Close At 12,145 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 216.56 points, or 1.82 percent, to close at 1... Read more

Abu Dhabi Unveils MEAs First Processing Facility For Enzyme-based Fuel Additives 

RIYADH: Abu Dhabi has unveiled the first advanced facility in the Middle East and Africa for treating fuel additives, ai... Read more

Shipping Volume In Suez Canal Drops 28% after Disruptions

RIYADH: Shipping volume in the Suez Canal dropped 28 percent year on year in the 10 days ending Jan. 2, official data ha... Read more

Saudi Arabia Gives Green Light To 2024 Annual Borrowing Plan

RIYADH: The Saudi finance minister has officially approved the Kingdom’s annual borrowing plan for 2024, covering vari... Read more

Saudi Companies Brace For Increased Energy Bills As Aramco Raises Prices

RIYADH: Several companies in Saudi Arabia announced expectations of higher energy bills following Aramco raising its pr... Read more

SAMAs Total Assets In November Reach $485.64tn

RIYADH: The total assets of the Saudi Central Bank, also known as SAMA, in November rose by 3.25 percent as compared to... Read more

Egypt Seals 29 Deals In 2023 To Search For Oil And Gas 

RIYADH: Egypt’s petroleum sector made huge strides in 2023 with the signing of 29 agreements valued at $1.2 billion fo... Read more

Closing Bell: TASI Closes At Highest Level Since October 2022

RIYADH: Saudi Arabia’s Tadawul All Share Index experienced a rise on Thursday, gaining 42.57 points, or 0.36 percent, ... Read more

Saudi Railways In Deal With Bahri To Provide International Freight Services 

RIYADH: International freight forwarding services across the Kingdom will be strengthened further as Saudi Arabia Railwa... Read more

AROYA Cruises Unveils First Cruise Ship   

RIYADH: Saudi Arabia’s cruise sector is poised for a significant transformation with the unveiling of a new vessel by ... Read more

Jordan To Restrict Essential Goods Exports 

RIYADH: Jordan has regulated the export and re-export of essential goods, including rice and sugar, amid soaring shippin... Read more

Saudi Fintech Platform Closes $15m Series A Funding Round   

RIYADH: Saudi digital lending platform Tameed, specializing in Shariah-compliant financing for small and medium enterpri... Read more

SAMA To Host 43rd IFSB Council Meeting In Jeddah  

RIYADH: The role of Shariah-compliant funding in fostering sustainable economic growth will take center stage at the 43r... Read more

NHC And New Murabba Development Co. Sign MoU To Raise Sustainability Standards  

RIYADH: Saudi Arabia’s latest downtown project in Riyadh is set to prioritize sustainability as New Murabba Developmen... Read more

SFDA Obtains WHO Certificate On Food Free Of Artificial Trans Fats

RIYADH: Saudi Arabia is among five countries to have received a recognition certification from the World Health Organiza... Read more