Environment
UAEs Tawazun Council Inks $1.41bn In Deals On Day 3 Of Dubai Airshow
Islamic Finance - Published date: .
RIYADH: The UAE’s defense and security acquisitions authority inked eight new deals valued at 5.18 billion dirhams ($1... Read more
Saudi Arabias Crude Production Rose To 8.98m Bpd In September: JODI Data
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s crude production increased to 8.98 million barrels per day in September, a rise of 57,000 bpd o... Read more
Duqm Refinery One Of 6 Projects Totaling $10.3bn completed By Oman Investment Authority
Islamic Finance - Published date: .
RIYADH: An oil refinery is one of six major national projects completed by Oman’s Investment Authority, with a value ... Read more
MENA To Pioneer Sustainable Construction With $2tn Investment, Generate 4.3m Jobs
Islamic Finance - Published date: .
RIYADH: The Middle East and North Africa region is poised to lead in sustainable constructions, with a planned $2 trilli... Read more
Egypt Sells Stake In Tobacco Firm Eastern Co. To UAE Company
Islamic Finance - Published date: .
CAIRO: Egypt has sold a stake in tobacco products maker Eastern Co. in its first foreign sale of a major state asset si... Read more
Qatar Wealth Fund Eyes Investment Opportunities In Chinas Retail, Tech Sectors
Islamic Finance - Published date: .
RIYADH: Qatar’s sovereign wealth fund is examining opportunities to invest in China’s retail, healthcare, tech and l... Read more
Saudi Arabia To Sign $533m Deals With Africa As PIF Plans Game-changing Announcements
Islamic Finance - Published date: .
Saudi Arabia is set to sign SR2 billion ($533 million) worth of agreements with African countries, the Kingdom’s finan... Read more
Saudi Arabias IPI Climbs 0.8% In September Driven By Mining And Quarrying
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s Industrial Production Index rose by 0.8 percent in September compared to August, primarily driv... Read more
Dubais Non-oil Sector Rises In October As PMI Hits 57.4 On Good Business Form
Islamic Finance - Published date: .
RIYADH: Dubai witnessed a strong rise in its non-oil activities during October, as its Purchasing Managers’ Index rose... Read more
Oil Updates – Crude Edges Up; Markets Shrug Off China Inflation Data, Eye Fresh Drivers
Islamic Finance - Published date: .
SINGAPORE: Oil prices edged up on Thursday as markets shrugged off deflationary indicators in China and looked for furt... Read more
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