OFAC


Qatar Sees 36% Rise In Building Permits Issued In July

Islamic Finance - Published date: .

RIYADH: Qatar’s construction sector is experiencing robust growth, with the nation documenting a 36 percent month-on-m... Read more

ACWA Power Restructures Debt And Ownership In Turkish Affiliate 

Islamic Finance - Published date: .

RIYADH: Saudi utility giant ACWA Power has restructured debt and ownership in its Turkish affiliate, converting outstand... Read more

Saudi Arabias Non-oil Activities Increase By 2.2% In June: GASTAT 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia's non-oil activities saw a 2.2 percent increase in June compared to the previous month, signaling o... Read more

Maadens Profits Surge 160% To Reach $532bn In First Half Of 2024

Islamic Finance - Published date: .

RIYADH: Saudi Arabian Mining Co., widely known as Ma’aden, achieved a net profit of SR2 billion ($532 million) in the ... Read more

Saudi Arabias King Abdulaziz Port Enhances Connectivity With New Shipping Service

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s King Abdulaziz Port in Dammam is set to enhance its maritime links with key ports in India and ... Read more

Closing Bell: Saudi Benchmark Index Rises To Close At 11,771 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 104.57 points, or 0.90 percent, to close at 11,... Read more

Riyadh Air Unveils 1st Electric Bus As Part Of Sustainable Transport Initiative

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Riyadh Air has introduced the first bus in its fleet of electric coaches for employee transport... Read more

Abu Dhabis ADQ To Acquire Minority Stake In Auction House Sothebys

Islamic Finance - Published date: .

RIYADH: Abu Dhabi’s sovereign wealth fund is set to acquire a minority stake in Sotheby’s auction house, highlightin... Read more

Saudi Arabia Unveils Updated Investment Law To Facilitate Foreign Investors

Islamic Finance - Published date: .

RIYADH: Saudi Arabia has announced a significant overhaul of its investment law as part of its Vision 2030 reform strate... Read more

Expat Remittances From Saudi Arabia Hits $3.2bn In June

Islamic Finance - Published date: .

RIYADH: Expatriate remittances from Saudi Arabia reached $3.2 billion in June, reflecting an annual increase of 11.32 pe... Read more

Saudi Arabia Makes Significant Moves In Semiconductor Sector With Strategic Investments

Islamic Finance - Published date: .

RIYADH: Saudi Arabia is rapidly emerging as a key player in the global semiconductor industry, driven by ambitious initi... Read more

Startup Wrap – Saudi And Egyptian Startups Lead Funding Activity

Islamic Finance - Published date: .

CAIRO: Funding activity flourished in the Middle East and North Africa region, driven largely by Saudi and Egyptian star... Read more

Saudi Arabias Non-oil Exports Surge As Trade Ties With China Flourish

Islamic Finance - Published date: .

RIYADH: Saudi Arabia exported non-oil goods worth SR2.23 billion ($594 million) in May, representing a rise of 19.25 per... Read more

Saudi Arabias Startup Appeal Spans Across Diverse Sectors

Islamic Finance - Published date: .

Saudi Arabia’s business landscape has become a magnet for regional and global startups, with numerous growing companie... Read more

Closing Bell: Saudi Benchmark Index Drops To 11,667 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 62.59 points, or 0.53 percent, to close at 1... Read more

Qiddiya Giga-project Set To Propel Saudi Arabias Entertainment Sector

Islamic Finance - Published date: .

RIYADH: The cultural landscape of Saudi Arabia is being enriched as the entertainment sector undergoes significant expan... Read more

Omans Foreign Reserves Increased By 9% In May

Islamic Finance - Published date: .

RIYADH: By the end of May, Oman’s economic landscape displayed promising signs of growth and stability as its foreign ... Read more

ACWA Powers Net Profit Surges 35 Percent To $274m In H1

Islamic Finance - Published date: .

RIYADH: Saudi utility giant ACWA Power reported a 35.46 percent increase in net profit for the first half of 2024, reach... Read more

Saudi Municipalities Offer 57 Investment Opportunities Across Commercial And Residential Sectors

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Hail, Qassim, and Asir municipalities have unveiled 57 new investment opportunities across ente... Read more

Startup Wrap: AI Investments Flourish Across The Region

Islamic Finance - Published date: .

CAIRO: Increased awareness about the implications of artificial intelligence across the public and private sector is evi... Read more