Mahindra Racing withdraw from Formula E race in Cape Town due to rear suspension concerns
Startup Wrap – Saudi VC Space Continues To Play Pivotal Role In SMEs Growth As Biban 24 Delivers Deals
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s venture capital ecosystem continues to boost the regional startup space, with one company plowi... Read more
Saudi Central Bank Lowers Benchmark Rate By 25 Bps Following US Fed Decision
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s central bank has implemented its second interest rate reduction of 2024, lowering the benchmark... Read more
Oil Updates – Prices Fall More Than 1 Percent As Hurricane Rafael Risk Recedes
Islamic Finance - Published date: .
LONDON: Oil prices fell on Friday on receding fears over the impact of Hurricane Rafael on oil and gas infrastructure in... Read more
Saudi Bank Loans Reach Highest Growth Rate In 19 Months, Surpassing $761bn
Islamic Finance - Published date: .
RIYADH: Saudi bank loans reached SR2.85 trillion ($760.84 billion) in September, representing an annual growth rate of 1... Read more
Closing Bell: GCC Stock Markets Up In Wake Of Trumps Election Win
Islamic Finance - Published date: .
RIYADH: Following Donald Trump’s victory in the US presidential election, stock markets across the Gulf Cooperation Co... Read more
ACWA Power Reports 16% Profit Increase Amid Record Project Launches
Islamic Finance - Published date: .
RIYADH: ACWA Power, the Saudi-listed energy and water desalination company, has announced a 16 percent increase in its p... Read more
MODON Signs Contracts Worth Over $533m To Establish Industrial Complexes In Makkah, Al-Kharj
Islamic Finance - Published date: .
JEDDAH: Agreements to invest over SR2 billion ($533 million) in new industrial complexes will bring growth and job oppor... Read more
UAE Banking Sectors Net International Reserves Grow 11% By July 2024
Islamic Finance - Published date: .
RIYADH: The UAE’s banking sector saw a significant increase in its net international reserves, which rose by 11.1 perc... Read more
Logistics and Healthcare Startups To Get Boost From Saudi Government, assistant Deputy Minister Says
Islamic Finance - Published date: .
RIYADH: Saudi Arabia is set to launch multiple programs to boost its rapidly expanding startup ecosystem, focusing on ... Read more
Biban 24 Sees Deals Worth Over $359m On Its 2nd day
Islamic Finance - Published date: .
RIYADH: Agreements totaling SR1.35 billion ($359 million) were signed on the second day of Biban 24, a key event focused... Read more
Startup Wrap – Saudi VCs Pour Capital Into Ventures Through Strategic Investments
Islamic Finance - Published date: .
RIYADH: Saudi venture capital firms are fueling regional innovation through substantial investments and new initiatives.... Read more
Oil Updates – Crude Gains More Than $1/bbl On Reports Iran Preparing Strike On Israel
Islamic Finance - Published date: .
SINGAPORE: Oil prices extended gains on Friday, climbing more than $1 a barrel to pare weekly losses, as geopolitical te... Read more
Saudi Arabias Wafi Energy Becomes Majority Shareholder In Shell Pakistan
Islamic Finance - Published date: .
ISLAMABAD: Wafi Energy Holding has become the majority shareholder of Shell Pakistan after Shell Petroleum Co., a subs... Read more
Saudi Banks Credit Card Loans Surge 14%, Reach A Record High Of $8.07bn
Islamic Finance - Published date: .
RIYADH: Credit card loans by Saudi banks hit a record high of SR30.27 billion ($8.07 billion) in the third quarter of 20... Read more
Oil Extends Gains On Reports Iran Preparing To Strike At Israel
Islamic Finance - Published date: .
SINGAPORE: Oil prices extended gains in early Asian trade on Friday, following reports that Iran was preparing a retalia... Read more
Red Sea Global Secures $1.5bn For AMAALA Infrastructure project
Islamic Finance - Published date: .
JEDDAH: Red Sea Global has announced the financial closing of a multi-utility infrastructure development project for the... Read more
Blue Tech Needs Private Sector Boost, Says RSG Official
Islamic Finance - Published date: .
RIYADH: Private sector firms need to lead the way and invest in so-called blue tech in order to protect the world’s oc... Read more
Saudi-US Bilateral Accords Not That Connected To Israel Normalization
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s foreign minister said on Thursday that some of the bilateral agreements the kingdom has been ne... Read more
NBK Eyes Partnerships In Saudi Arabia To Tap Vision 2030 Opportunities Across Diverse Sectors
Islamic Finance - Published date: .
RIYADH: The National Bank of Kuwait is looking to partner with different companies in Saudi Arabia as the Kingdom’s Vi... Read more
Riyadh Air Secures $1.3bn Credit Facility Ahead Of 2025 Launch
Islamic Finance - Published date: .
RIYADH: Saudi Arabia’s Riyadh Air has secured a $1.3 billion credit facility from a consortium of Gulf banks to fund i... Read more