Islamic Finance

Oil Updates – Crude Extends Weekly Gains, Up 1 Percent As Red Sea Tension Persists

SINGAPORE: Oil prices rose as much as 1 percent on Friday as tensions persisted in the Middle East following Houthi atta... Read more

Saudi Arabia To Unveil Findings Of Geological Surveys At Future Mining Forum

RIYADH: The Saudi Geological Survey will announce the findings of various geological survey projects at the upcoming Thi... Read more

Saudi Arabia Launches Carbon Capture Facility In Rabigh

RIYADH: Saudi Arabia has stepped up its commitment toward climate change by launching a carbon capture and utilization f... Read more

Saudi Wealth Fund Invests In Saudia Technic To Boost Its Capabilities

RIYADH: Saudi Arabia’s Public Investment Fund on Thursday announced the signing of an agreement to invest in Saudia Te... Read more

Saudi NDMC Seals $1.09bn Financing Deal With Italy To Bolster Commercial Ties   

RIYADH: Commercial and investment ties between Saudi Arabia and Italy are set to flourish thanks to a new €1 billion ... Read more

Cairo To Jeddah Sector Ranks 2nd Busiest International Route Of 2023

RIYADH: The Cairo to Jeddah sector has been ranked as the second busiest international route during 2023, with 4.8 milli... Read more

Saudi Online Marketplace Soum Closes $18m In A Series A Funding Round  

RIYADH: Saudi-based online marketplace specializing in secondhand products Soum has announced the closure of an $18 mil... Read more

Saudi HR Tech Firm Scalers Secures $1.8m Investment 

RIYADH: Saudi-based human resources technology startup Scalers secured SR7 million ($1.8 million) in a funding round led... Read more

Closing Bell: Saudi Main Index Dips To Close At 11,621

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 80.97 points, or 0.69 percent, to close at 1... Read more

Qatars Industrial Production Index Rises 1.7% 

RIYADH: Qatar’s Industrial Production Index experienced an uptick in the third quarter of 2023 to reach 105.08 points,... Read more

Qiddiya Announces The Launch Of Its Gaming And Esports District

RIYADH: Developers of the Qiddiya mega-project in Riyadh announced the launch of the site’s Gaming and Esports Distric... Read more

Alkhorayef Meets Korean Company Executives To Boost Industrial Ties 

RIYADH: Industrial ties between Saudi Arabia and Korea are set to strengthen following the meeting of Saudi Industry and... Read more

Saudi Arabia And China To Boost Aquaculture Sector Investments

RIYADH: Investments in the aquaculture sector between Saudi Arabia and China are poised for growth, with discussions tak... Read more

Saudi Arabia And Thailand Forge Strategic Partnership For Economic Growth 

RIYADH: Saudi Arabia and Thailand are collaborating to enhance innovation and entrepreneurship, strengthening their bila... Read more

Closing Bell: Saudi Main Index Continues Upward Trend As Trading Turnover Hits $2.2bn

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward movement for the fifth consecutive day on Thursday... Read more