Islamic Finance

Closing Bell: Saudi Main Index Surges To Close At 10,853

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 38.47 points, or 0.36 percent, to close at 10... Read more

Regulating AI Continues To Pose Challenges For Nations, Global Cybersecurity Forum Hears

RIYADH: The UN continually explores strategies for managing artificial intelligence in an “ethical manner,” accordin... Read more

Gulf Countries Leading The 5G Adoption Curve In Infrastructure, Says Top CEO

RIYADH: Saudi Arabia and the Gulf region are leading the adoption of 5G technology in infrastructure compared to others ... Read more

Saudi Edtech Startup Noon Raises $41m In Series B Funding 

RIYADH: Saudi Arabia’s educational technology startup Noon closed a SR153 million ($41 million) series B funding round... Read more

ADX And HSBC Collaborate On Digital Fixed-income Securities For Middle East Capital Markets

RIYADH: Abu Dhabi Securities Exchange and HSBC Bank Middle East Limited have partnered to introduce digital fixed-incom... Read more

Climate Change Discussion Needs To Be Led By logic not Emotion, Saudi Official Says

RIYADH: Climate change discussions have grown increasingly emotional and are often overshadowed by “hypocrisy,” acco... Read more

Fed Keeps Interest Rates Unchanged, Acknowledges Economic Strength

WASHINGTON:The Federal Reserve held interest rates steady on Wednesday but left the door open to a further increase in b... Read more

Saudi Arabias Non-oil Revenues Jump By 53% In Q3

RIYADH: Saudi Arabia’s oil revenues amounted to SR147 billion ($39 billion) in the third quarter of 2023, the Ministry... Read more

Global Security Hubs In Saudi Arabia Will Strengthen Efforts To Tackle Cybercrimes: SAMI CEO

RIYADH: Establishing “global or regional” command and control centers in Saudi Arabia to counter cyber threats is se... Read more

Aramco Chief Calls For Innovation Backed By Cybersecurity Regime

RIYADH: The energy sector is notably susceptible to cybersecurity attacks by new technologies, warns Aramco CEO. In an... Read more

Iran And Iraq Pledge To Forge Stronger Trade Ties During Official Visit

RIYADH: Iran and Iraq have underscored the importance of using their national currencies to boost trade exchanges during... Read more

Closing Bell: TASI Up For Fourth Consecutive Day, SAL Logistics Makes Strong Debut

RIYADH: Saudi Arabia’s Tadawul All Share Index extended its four-day winning streak on Wednesday, with a boost from th... Read more

Microsoft CEO Says Saudi Arabia Using AI In Unique Ways To Accelerate Productivity 

RIYADH: Saudi companies’ push toward artificial intelligence has increased their productivity, driven innovation and c... Read more

Projects Launched To Boost Jubail Ports Capacity, Performance

RIYADH: In a move to enhance the transport and logistics sector, the governor of Saudi Arabia’s Eastern Province unvei... Read more

Global Health Exhibition In Riyadh sees Deals Worth $3.55bn

RIYADH: Agreements worth SR13.3 billion ($3.55 billion) across 138 deals were signed at the three-day Global Health Ex... Read more