development
Saudi Arabias PIF Raises Stakes In Aston Martin To 20.5%
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s sovereign wealth fund has raised its stake in luxury carmaker Aston Martin to 20.5 percent fro... Read more
Abu Dhabi Islamic Bank Raises $500m From Green Sukuk Issuance
Islamic Finance - Published date: .
RIYADH: Abu Dhabi Islamic Bank has raised $500 million through a green sukuk offering, making it the world’s first suc... Read more
IsDB Enters European Market With Over $588m Public Sukuk Issuance
Islamic Finance - Published date: .
RIYADH: Jeddah-based Islamic Development Bank has made a return to the European market, with the issuance of sukuk worth... Read more
Saudi Central Bank Sets New Rules For APR Calculation
Islamic Finance - Published date: .
RIYADH: The Saudi Central Bank, also known as SAMA, on Wednesday issued new rules to calculate the annual percentage rat... Read more
Saudi Arabia Sees 45% Surge In railway use, exceeding 2m Passengers
Islamic Finance - Published date: .
RIYADH: Saudi Arabia Railways saw a record number of passengers in the third quarter of 2023 as its expansion efforts bo... Read more
Oil Updates — Crude Rises 1% After Fed Keeps Rates Unchanged
Islamic Finance - Published date: .
RIYADH: Oil gained 1 percent on Thursday to snap its three-day decline, as risk appetite returned to financial markets a... Read more
Saudi Arabias Industrial Sector Thrives As 174 Licenses Issued In September
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s economic activity gained momentum, with the Ministry of Industry and Mineral Resources issuing ... Read more
Riyadh, Manama Eye Stronger Collaboration In Data Development
Islamic Finance - Published date: .
RIYADH: Saudi Arabia and Bahrain engaged in discussions to strengthen their collaboration in the development of methodol... Read more
Egypt Returns To Japanese Markets With $500m Samurai Bonds
Islamic Finance - Published date: .
RIYADH: Egypt’s Ministry of Finance has announced its resurgence in the Japanese financial arena by successfully issui... Read more
Saudi Arabia Raising The Bar With Its Information Security Approach: WEF Official
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s government and private sectors are advancing in cybersecurity, with the leadership strongly emp... Read more
Closing Bell: Saudi Main Index Surges To Close At 10,853
Islamic Finance - Published date: .
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
Islamic Finance - Published date: .
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
Islamic Finance - Published date: .
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
Islamic Finance - Published date: .
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
Islamic Finance - Published date: .
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
Islamic Finance - Published date: .
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
Islamic Finance - Published date: .
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
Islamic Finance - Published date: .
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
Islamic Finance - Published date: .
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
Islamic Finance - Published date: .
RIYADH: The energy sector is notably susceptible to cybersecurity attacks by new technologies, warns Aramco CEO. In an... Read more