Backpack


Closing Bell: Saudi Bourses Slip; ADES Holding Shines On Debut

Islamic Finance - Published date: .

RIYADH: Amid market uncertainties, Saudi Arabia’s Tadawul All Share Index slightly slipped on Wednesday, as it shed 67... Read more

ACWA Power Achieves Financial Closure Of $14bn In Last 12 Months

Islamic Finance - Published date: .

RIYADH: Having initiated projects in the renewables, green hydrogen and water desalination sectors, Saudi Arabia’s ACW... Read more

Saudi Arabia Records 12% Surge In E-commerce Registrations

Islamic Finance - Published date: .

RIYADH: Saudi Arabia is seeing steady growth in e-commerce businesses, with the total number of registered firms touchin... Read more

Saudi Arabia Joins Global Body To Boost Deployment Of Carbon Capture, Storage

Islamic Finance - Published date: .

RIYADH: Saudi Arabia will be able to call on global expertise as it seeks to drive up its carbon capture and storage sec... Read more

Riyadh To Witness Third-highest Rise In Centimillionaires Globally By 2033, Report Says 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s capital is expected to experience an 85 percent rise in centimillionaire residents over the nex... Read more

Saudi Arabia To Host The Next Entrepreneurship World Cup: GEN

Islamic Finance - Published date: .

RIYADH: A world cup for entrepreneurs with a prize fund of up to $1 million will be held once again at the Biban forum i... Read more

Saudi Arabia, UAE Leads Gulf Region In M&A Activity: Survey

Islamic Finance - Published date: .

RIYADH: Amid the global economic slowdown, the strategic interconnectedness and pivotal strength of the Gulf Cooperation... Read more

Saudi Arabia Is Set To Establish WIPOs First Joint Masters Program In Arab Region 

Islamic Finance - Published date: .

RIYADH: The World Intellectual Property Organization signed an agreement with the Saudi Authority for Intellectual Prope... Read more

Social Development Bank Allocates $621m In Q3 To Support Economic Development  

Islamic Finance - Published date: .

RIYADH: Entrepreneurs and business owners were among 39,000 recipients of a combined SR2.3 billion ($621 million) in sup... Read more

Closing Bell: TASI sheds 113 Points To Close at 10,840  

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index concluded Wednesday’s trading session at 10,840.27 points, markin... Read more

Saudi Arabia Aims To Be Among Top 10 Countries In Logistics: Transport Minister 

Islamic Finance - Published date: .

  RIYADH: Saudi Arabia aims to be among the top 10 countries in logistics services, said Minister of Transport and Lo... Read more

Dubai Launches Family Business Support Program  

Islamic Finance - Published date: .

RIYADH: Dubai has introduced an initiative aimed at empowering the next generation of leaders in family-owned business... Read more

Egyptian State-run Infrastructure Firm To Establish Saudi Branch

Islamic Finance - Published date: .

RIYADH: Egypt’s Holding Co. for Roads, Bridges, and Land Transportation Projects is planning to establish a branch in ... Read more

Egyptian AI Startup Intella Raises $3.4m From Saudi Investors 

Islamic Finance - Published date: .

RIYADH: In a significant development for Saudi Arabia’s technology sector, Egyptian deep tech firm Intella has success... Read more

Egypt, Maersks C2X Sign $3bn Deal To Produce Green Fuel

Islamic Finance - Published date: .

RIYADH: Egypt is poised to produce green fuel through its recent agreement with Maersk’s C2X worth up to $3 billion si... Read more

Uzbekistan Announces New Charter From Madrid To Samarkand

Islamic Finance - Published date: .

RIYADH: Uzbekistan, which is set to host the 25th General Assembly of the UN World Tourism Organization, has announced t... Read more

Riyadh Air To Use AI For Green Flight Routes In Fight Against Climate Change

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s newest airline will use artificial intelligence to track the least carbon-emitting flight route... Read more

PIF-backed Lucid Opens First International EV Plant In Saudi Arabia

Islamic Finance - Published date: .

JEDDAH: Lucid Group, backed by the Public Investment Fund, on Wednesday opened its first international manufacturing fac... Read more

Sipchem Gets Nod For Blue Ammonia Plant In Saudi Arabia 

Islamic Finance - Published date: .

RIYADH: In a significant development, Sahara International Petrochemical Co., known as Sipchem, has received the green l... Read more

Closing Bell: TASI Edges Up 1.5% To Close At 11,077  

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index closed at 11,076.94 points on Wednesday, marking an increase of 158.70,... Read more