Downsizing


Qatars Non-oil Sector Maintains Growth As PMI Hits 53.8 In June

Islamic Finance - Published date: .

RIYADH: The non-oil private sector in Qatar continued to maintain its healthy growth in June, as the country’s Purchas... Read more

Closing Bell: Saudi Main Index Rallies For 3rd Consecutive Day

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward trend for the third day in a row, gaining 73.59 po... Read more

Travel Spending In The Kingdom Jumps Over 224% To Hit $9.8bn In Q1: SAMA

Islamic Finance - Published date: .

RIYADH: Travel spending in Saudi Arabia jumped 224.6 percent year on year to hit $9.8 billion in the first quarter of 20... Read more

Brazils BRF Launches Share Offering, Opening Room For Saudi Investment

Islamic Finance - Published date: .

SAO PAULO: Brazilian food processor BRF said on Tuesday it has filed for a follow-on share offering that will allow the ... Read more

Central Bank Of Oman Issues Treasury Bills Worth $90.9m

Islamic Finance - Published date: .

RIYADH: The Central Bank of Oman has revealed that the total value of government treasury bills issued this week amounte... Read more

UAE To Triple Contribution Of Renewables To Energy mix Over Next 7 Years   

Islamic Finance - Published date: .

RIYADH: In a push towards sustainability, the UAE aims to triple the contribution of renewable energy to the country's e... Read more

Kazakhstans Air Astana Opens Ticket Sales For New Jeddah Flights

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s tourism sector is expected to get a further boost, with Kazakhstan’s Air Astana opening ticke... Read more

Saudi Minister Meets Huawei CEO To Expand Partnership And Boost Digital Economy

Islamic Finance - Published date: .

RIYADH: Saudi Arabia and China are exploring opportunities to cooperate in technology and related infrastructure, with t... Read more

Chinese Economy To Rebound In 2023 To Hit 5% Annual Growth: Premier Li

Islamic Finance - Published date: .

RIYADH: The Chinese economy is expected to rebound strongly in the second quarter of this year, and will mark an overa... Read more

Israels Tech Sector Troubles Persist In 2023, State Agency Says

Islamic Finance - Published date: .

JERUSALEM: A slowdown in Israel’s technology sector has worsened in 2023, exacerbated by political turmoil, and the co... Read more

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