development


US Oil And Gas Production Decelerating At A Time Of Booming Demand, Shows Survey

Islamic Finance - Published date: .

RIYADH: Driven by a fall in crude and commodities pricing, oil and gas production in the US is decelerating at a time wh... Read more

Oil Updates — Crude Slips On Supply Worries; Guyana Dampens OPEC Accession Rumours

Islamic Finance - Published date: .

RIYADH: Oil prices slipped on Tuesday ahead of data from the American Petroleum Institute which will shed light on US ap... Read more

Turkiye Stays Top Destination For Russian June Diesel Loadings

Islamic Finance - Published date: .

MOSCOW: Turkiye will again be the top destination for Russian diesel exports in June, while total shipments are set to r... Read more

PIFs Lifera Forms JV With Global Omics Diagnostics Firm CENTOGENE 

Islamic Finance - Published date: .

RIYADH: Patients in the Gulf Cooperation Council region could get faster and more accurate diagnoses after the Public In... Read more

King Fahd International Airport Records 250k Passengers In 7 Days

Islamic Finance - Published date: .

RIYADH: King Fahd International Airport witnessed an 11 percent rise in passenger numbers throughout the seven days of t... Read more

Saudi Venture Studio VMS Acquires Stakes In Egypts Cash Cows

Islamic Finance - Published date: .

RIYADH: The startup ecosystem in the Middle East and North Africa region is poised to get a boost as Saudi Arabia-based ... Read more

Saudi Cement Firms In Central Region May Slash Prices Amid Robust Competition 

Islamic Finance - Published date: .

RIYADH: A price war between cement producers is likely to break out in Saudi Arabia’s central region on the back of th... Read more

UAE In-Focus: IMF Expects Emirates GDP To Grow By 3.6% In 2023 

Islamic Finance - Published date: .

RIYADH: The UAE is poised for positive economic growth as it is projected to achieve a 3.6 percent increase in its gross... Read more

Fragrance-free Toiletries And Lots Of Snacks: The Ultimate Packing List For The Hajj Pilgrimage

Expat - Published date: .

The annual pilgrimage to Mecca, the holiest city for Muslims, can often fall during one of the hottest periods of the ye... Read more

Saudi Agricultural Development Fund Approves $400m To Improve Farm Productivity

Islamic Finance - Published date: .

RIYADH: Farmers in Saudi Arabia attained SR1.5 billion ($400 million) worth of funding after the Kingdom’s Agricultura... Read more

Oil Updates — Crude Prices Slip; China Imports From Russia Hits 2.29m Bpd In May

Islamic Finance - Published date: .

Oil prices slipped on Tuesday after China cut its benchmark lending rates, sowing further concern over the demand outloo... Read more

Saudi Project Management Firm Jasara Ties Up With SAP To Accelerate Digital transformation   

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s digital transformation journey is set to get a fillip as Jasara, a project management firm in... Read more

UAE In-Focus — Islamic Banks Assets Rise To $177bn In Q1

Islamic Finance - Published date: .

RIYADH: Reflecting the growing popularity of Islamic financing, gross assets of the Shariah-compliant banks operating in... Read more

Saudi Arabia Climbs 7 Places On World Competitiveness Index

Islamic Finance - Published date: .

RIYADH: The ongoing economic reforms in Saudi Arabia have elevated the Kingdom’s ranking to 17th position in the World... Read more

Qatar Strikes Second Big LNG Supply Deal With China

Islamic Finance - Published date: .

DOHA: Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a y... Read more

Saudi Arabia Eyes Defense Deals At Paris Show

Islamic Finance - Published date: .

RIYADH: Saudi Arabia is seeking to explore partnerships and investment opportunities at the Paris Air Show 2023, which b... Read more

Saudi Budget Airline Flynas Signs $3.7bn Deal With Airbus To Buy 30 Aircraft

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s budget airline flynas has signed a $3.73 billion agreement with Airbus to buy 30 aircraft, Saud... Read more

AI To Boost Global Enterprise Software Market To $14tn By 2030

Islamic Finance - Published date: .

RIYADH: Generative artificial intelligence is set to expand the global enterprise software market from $1 trillion curre... Read more

Saudi Arabia, France Should Intensify Joint Work To Achieve 2030 Goals, French Treasury Official Says

Islamic Finance - Published date: .

RIYADH: Saudi Arabia and France need to intensify joint work and develop new projects as both countries have a lot of ... Read more

The French Connection: Paris Event Is Gulf Business Showcase

Islamic Finance - Published date: .

PARIS: A landmark two-day business event showcasing opportunities for commercial partnerships between France and the Gul... Read more