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Saudi Industrial Base Continues To Expand With 73 New Licenses Issued In June

Islamic Finance - Published date: .

RIYADH: In an effort to expand its industrial base, Saudi Arabia’s Ministry of Industry and Mineral Resources awarded ... Read more

Closing Bell: Saudi Arabias Main Index Dips For 3rd Consecutive Day 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its downward trend for the third day in a row as it shed 27.6... Read more

Bahrains $186m Treasury Bills Issue Oversubscribed By 121% 

Islamic Finance - Published date: .

RIYADH: Bahrain’s latest issue of weekly treasury bills, valued at 70 million Bahraini dinars ($185.7 million), has... Read more

Saudi Arabia Drives MENA IPO Activity with $900m proceeds in Q2: EY Report 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia continues to drive the initial public offering activity in the Middle East and North Africa, with... Read more

ACWA Power Is The Worlds Largest Water Project Developer Outside Of China: GWI 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s progress in the desalination industry has received worldwide recognition, with the UK-based Glo... Read more

Oil Updates — Crude Holds Near 3-month High On Signs Of Tightening Supply 

Islamic Finance - Published date: .

RIYADH: Oil prices slipped on Tuesday but were still near the three-month high reached in the previous session on signs... Read more

Industrial Investment Opportunities In Saudi Arabia Not Confined To Large-scale Projects: Minister 

Islamic Finance - Published date: .

RIYADH: Investment funds of all sizes are being encouraged to consider pouring funds into Saudi Arabia’s industrial s... Read more

China Announces Consumption-boosting Measures As Data Disappoints

Islamic Finance - Published date: .

BEIJING: Chinese authorities announced new measures to boost consumption on Monday, as fresh economic data suggested tha... Read more

Pakistan Hosts Summit To Attract Foreign Investors For Development Of Mining Sector

Islamic Finance - Published date: .

ISLAMABAD: Pakistan’s Chief of the Army Staff Gen. Syed Asim Munir on Tuesday said foreign investors will play an “i... Read more

Energy Transition Is More Complicated Than Previously Believed: IEF Report

Islamic Finance - Published date: .

RIYADH: The energy transition is more complicated than previously thought, despite the widespread global initiative to ... Read more

Saudi Health Insurance Set To Cover 90% Of Population This Year, Says Industry Regulator 

Islamic Finance - Published date: .

RIYADH: The number of Saudis signing up to health insurance schemes hit 11.46 million in the second quarter of 2023, up ... Read more

Closing Bell: Saudi Main Index Slips 56 Points To Close At 11,636 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped for the third day in a row, as it shed 56.16 points, or 0.48 pe... Read more

Saudia To Acquire 20 Airbus A321neo Aircraft By 2026

Islamic Finance - Published date: .

RIYADH: As part of its drive to meet growing demand, the Kingdom’s national carrier Saudia plans to add 20 fuel-effic... Read more

Saudi Arabia Swings Into Action Against Monopolistic Practices

Islamic Finance - Published date: .

RIYADH: In a move to enhance Saudi Arabia’s market performance, the General Authority for Competition imposed a SR10 m... Read more

Oman central Bank issues Treasury Bills Worth Over $70m 

Islamic Finance - Published date: .

RIYADH: Oman issued treasury bills totaling 27 million rials ($70.1 million) this week for varying maturity peri... Read more

Aldar Properties Announces $131m Redevelopment Of UAEs Al-Jimi Mall, Al-Hamra Mall

Islamic Finance - Published date: .

ABU DHABI: Aldar Properties announced on Tuesday an investment plan worth AED 500 million ($131 million) to redevelop tw... Read more

UAE Revenues, Expenditures Decline During Q1 2023

Islamic Finance - Published date: .

RIYADH: The UAE’s government’s revenues and expenditures both saw downturns in the first quarter of 2023, with the t... Read more

SAMA Grants Permit To BNPL Platform Tabby 

Islamic Finance - Published date: .

RIYADH: Reflecting its endeavor in supporting the fintech sector, the Saudi Central Bank has given the buy-now-pay-later... Read more

Qatars Free Zones Authority Joins With Development Bank To enhance Investment Climate

Islamic Finance - Published date: .

RIYADH: In a joint initiative aimed at enhancing the investment climate in Qatar, the country’s two leading insti... Read more

Saudi Arabia Closes July Sukuk Issuance At $700m 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s National Debt Management Center has closed its riyal-denominated sukuk program issuance for J... Read more