Backpack
Egypts Sovereign Fund Enters Top 50 Global Wealth List: SWFI
Islamic Finance - Published date: .
RIYADH: Egypt’s state wealth fund has attained 47th position in the top 100 largest sovereign funds by tot... Read more
Closing Bell: Saudi Main Index Slips Slightly To Close At 11,768
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s Tadawul All Share Index dipped slightly by 11.56 points, or 0.10 percent, on Tuesday, to close ... Read more
Saudi Banks Set To Perform Well Despite Tighter Liquidity: Fitch
Islamic Finance - Published date: .
RIYADH: Despite tighter liquidity, banks in Saudi Arabia are expected to perform well this year thanks to a favorable op... Read more
Bahrains Economy Grows In Q1 As Non-oil Sector Rises 3.5%
Islamic Finance - Published date: .
RIYADH: Bahrain posted a real gross domestic product growth rate of 2 percent in the first quarter of 2023, fueled by a ... Read more
Maaden Makes Its Largest Ever Debt Repayment Of $800m
Islamic Finance - Published date: .
RIYADH: A debt of SR3 billion ($800 million) was repaid by Saudi Arabian Mining Co., also known as Ma’aden, in what wa... Read more
King Abdulaziz Port Welcomes Its First LNG-powered Cargo Vessel
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s King Abdulaziz Port has received its first cargo ship powered by eco-friendly liquified natural... Read more
ROSHN Signs MoU With Expro To Develop Saudi Real Estate
Islamic Finance - Published date: .
RIYADH: In a move to develop its residential communities, Saudi real estate developer ROSHN has signed a memorandum of ... Read more
UAE Economy Minister Visits Samsung HQ In South Korea
Islamic Finance - Published date: .
DUBAI: The UAE’s Minister of Economy Abdullah bin Touq Al-Marri recently led a delegation to electronics corporation S... Read more
Saudi Arabias SNB Capital Acquires $100m Stake In South Korean Car Battery Firm
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s SNB Capital has agreed to invest $100 million in South Korean firm SK On as the car battery man... Read more
Cybersecurity Registrations In Saudi Arabia Rise 52% To Hit Over 2k In Q2
Islamic Finance - Published date: .
RIYADH: Internet security is gaining prominence in Saudi Arabia, with an increasing number of cybersecurity firms gettin... Read more
Closing Bell: TASI Rises To 11,664 Points As Trading Turnover Hits $2bn
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Tuesday, gaining 77.57 points, or 0.67 percent, to close at 11,... Read more
Egyptian Govt To Bear 11% Of Cost Of New Tourist Rooms: Minister
Islamic Finance - Published date: .
RIYADH: In a bid to further develop the country’s tourism sector, the Egyptian government is set to launch an initiati... Read more
Saudi Arabia Ranks 2nd In Latest Global Entrepreneurship Index
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s efforts to create a conducive environment for new businesses have seen the Kingdom secure the s... Read more
Lifeline To Islamabad: Saudi Arabia Deposits $2bn In Pakistani Central Bank
Islamic Finance - Published date: .
KARACHI: Saudi Arabia has deposited $2 billion in Pakistan’s central bank, Finance Minister Ishaq Dar announced on Tue... Read more
Saudi Arabia Secures Presidency Of ICAOs Aviation Security Committee
Islamic Finance - Published date: .
RIYADH: Marking a significant achievement for its airspace sector, Saudi Arabia has secured the presidency of one of the... Read more
Oil Updates — Crude Rises As Markets Weigh Supply Cuts
Islamic Finance - Published date: .
RIYADH: Oil prices rose on Tuesday as markets weighed supply cuts for August by top exporters Saudi Arabia and Russia ag... Read more
Kuwait Rejects Iranian Drilling Plans On Al-Durra Gas Field: KUNA
Islamic Finance - Published date: .
RIYADH: Kuwait has rejected Iran’s “claims” over the Al-Durra gas field, stressing that it owns exclusive rights t... Read more
Bahrain And UK Sign Digital Economy Trade Partnership
Islamic Finance - Published date: .
RIYADH: Bahrain’s economic ties with the UK have been further strengthened after the countries signed a digital econom... Read more
Red Sea Global Partners With Global Water Sports Brand North Sails
Islamic Finance - Published date: .
RIYADH: In an effort to promote sustainable water sports in Saudi Arabia, Public Investment Fund-owned developer Red Sea... Read more
Saudi Arabia To Play Key Role In Cypruss Tourism Diversification, Minister Says During Visit To Kingdom
Islamic Finance - Published date: .
RIYADH: Cyprus’s deputy tourism minister believes boosting ties with Saudi Arabia is a key part of helping his country... Read more