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