Islamic Finance

Saudi Payments Honored For Best Transaction Experience In 2023

RIYADH: Saudi Arabia’s digital economy landscape has earned additional recognition as Saudi Payments, also known as Ma... Read more

British Business Secretary Excited By Progress Of GCC-UK Free Trade Deal Talks

RIYADH: Recently appointed British Secretary of State for Business and Trade Kemi Badenoch has highlighted the progress ... Read more

Saudi Low-cost Airline Flyadeal Hikes Daily Flights Between Riyadh And Dubai 

RIYADH: In order to meet the growing travel demand between Riyadh and Dubai, flyadeal is going to increase daily flights... Read more

Saudi Arabias PIF Announces $3bn Investment Unit For Iraq 

RIYADH: Aligning with its strategy to seek new investments in the Middle East and North Africa region, Saudi Arabia’s ... Read more

Saudi Minister Says Energy Cooperation With Arab, OPEC+ Countries Integral To Global Oil Markets

JEDDAH: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman said the Kingdom’s interest in energy cooperat... Read more

Russian Ruble Strengthens Slightly As West Imposes New Sanctions

LONDON: The Russian ruble firmed on Friday, pushing back past the level of 80 to the US dollar, helped by higher oil pri... Read more

Oil Rebounds On Fading Risk Of US Debt Default

SINGAPORE: Oil prices rebounded on Friday from losses of more than 1 percent the previous day as investors turned cauti... Read more

Global Markets: Stocks Lifted To Month-high By US Debt Ceiling Hopes

LONDON/SINGAPORE: Global shares hit a one-month high on Friday as markets reflected increased hopes of a US debt ceiling... Read more

Saudi Arabias M3 Money Supply Surges 4.74% Since End Of December

RIYADH: Saudi Arabia’s M3 money supply has surged 4.74 percent since December 2022, according to data released by the ... Read more

Etihad Rail Partners With Italian Firm Arsenale To Launch Luxury Train Service In The UAE

RIYADH: Travelers will have access to a luxury train service in the UAE after national railway network operator Etihad R... Read more

Closing Bell: TASI Rises 66.80 Points As Healthcare Stocks Dominate

RIYADH: Saudi Arabia’s Tadawul All Share Index gained 66.80 points, or 0.59 percent, to close at 11,344.40 on Thursday... Read more

Saudi Industry To Bolster Trade Ties With Russian Companies At Key Event

RIYADH: Prominent industrialists from Russia will be visiting Saudi Arabia from May 29-30 to bolster trade and economic ... Read more

IHG Hotels & Resorts To Open 12 Holiday Inn Express Hotels In Saudi Arabia  

RIYADH: Saudi Arabia’s hospitality and tourism sector will witness a new wave of growth and investments with IHG Hotel... Read more

Jabal Omar Development Co. Receives License To Operate 5-star Tower

RIYADH: Jabal Omar Development Co. has been handed the license to operate the first tower of Saudi Arabia’s Jabal Omar... Read more

Gold Retreats As Dollar Gains Upper Hand

BENGALURU, India: Gold retreated on Thursday as rival safe-haven dollar advanced and outweighed support for bullion from... Read more