news


ACWA Power Signs Seven Agreements With Chinese Entities  

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s utility company ACWA Power has entered into seven cooperation agreements with various Chinese f... Read more

Deal Signed To Boost Financing Options For Saudi SMEs

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s SME Bank and Export Development Authority have signed a deal to boost financing options for sma... Read more

Almost 40 Saudi Companies To Showcase Local Products At GITEX

Islamic Finance - Published date: .

RIYADH: Prominent Saudi communications and information technology companies are assembling at the world’s largest gat... Read more

Saudi Arabia, Singapore Strengthen Economic Ties With 7 MoUs 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia and Singapore have signed seven memorandums of understanding  to facilitate investment opportuniti... Read more

Qatar Signs 27-year Gas Deal With Britains Shell 

Islamic Finance - Published date: .

DOHA: Qatar has agreed to supply British firm Shell with natural gas for 27 years, the Gulf emirate’s state-owned ener... Read more

Fair Financing, Cooperation Urged For A Just Energy Transition

Islamic Finance - Published date: .

RIYADH: A “just transition” to net-zero emissions needs fairer financing and cooperation, a senior director at the O... Read more

MENA Carbon Market Likely To Reach Around 150m Tons By 2030

Islamic Finance - Published date: .

RIYADH: Expressing her optimism about the prospects of voluntary carbon capture, the CEO of Regional Voluntary Carbon Ma... Read more

Aramco In Talks For 10% Stake In Shandong Yulong Petrochemical 

Islamic Finance - Published date: .

RIYADH: Saudi Aramco has signed a provisional acquisition agreement for a 10 percent stake in Chinese firm Shandong Yulo... Read more

CMA Chairman Calls For Proactive Steps To Meet Labor Market Challenges

Islamic Finance - Published date: .

RIYADH: The labor market has become increasingly volatile, with around 23 percent of jobs projected to undergo significa... Read more

UAE Eyes Free Trade Deals With 6 More Countries By End Of 2023

Islamic Finance - Published date: .

RIYADH: The UAE is hoping to secure free trade deals with six more countries by the end of 2023 after inking an agreeme... Read more

Closing Bell: Saudi Bourses Slip; ADES Holding Shines On Debut

Islamic Finance - Published date: .

RIYADH: Amid market uncertainties, Saudi Arabia’s Tadawul All Share Index slightly slipped on Wednesday, as it shed 67... Read more

ACWA Power Achieves Financial Closure Of $14bn In Last 12 Months

Islamic Finance - Published date: .

RIYADH: Having initiated projects in the renewables, green hydrogen and water desalination sectors, Saudi Arabia’s ACW... Read more

Saudi Arabia Records 12% Surge In E-commerce Registrations

Islamic Finance - Published date: .

RIYADH: Saudi Arabia is seeing steady growth in e-commerce businesses, with the total number of registered firms touchin... Read more

Saudi Arabia Joins Global Body To Boost Deployment Of Carbon Capture, Storage

Islamic Finance - Published date: .

RIYADH: Saudi Arabia will be able to call on global expertise as it seeks to drive up its carbon capture and storage sec... Read more

Riyadh To Witness Third-highest Rise In Centimillionaires Globally By 2033, Report Says 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s capital is expected to experience an 85 percent rise in centimillionaire residents over the nex... Read more

Saudi Arabia To Host The Next Entrepreneurship World Cup: GEN

Islamic Finance - Published date: .

RIYADH: A world cup for entrepreneurs with a prize fund of up to $1 million will be held once again at the Biban forum i... Read more

Saudi Arabia, UAE Leads Gulf Region In M&A Activity: Survey

Islamic Finance - Published date: .

RIYADH: Amid the global economic slowdown, the strategic interconnectedness and pivotal strength of the Gulf Cooperation... Read more

Saudi Arabia Is Set To Establish WIPOs First Joint Masters Program In Arab Region 

Islamic Finance - Published date: .

RIYADH: The World Intellectual Property Organization signed an agreement with the Saudi Authority for Intellectual Prope... Read more

Social Development Bank Allocates $621m In Q3 To Support Economic Development  

Islamic Finance - Published date: .

RIYADH: Entrepreneurs and business owners were among 39,000 recipients of a combined SR2.3 billion ($621 million) in sup... Read more

Closing Bell: TASI sheds 113 Points To Close at 10,840  

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index concluded Wednesday’s trading session at 10,840.27 points, markin... Read more