recession


Cairo To Jeddah Sector Ranks 2nd Busiest International Route Of 2023

Islamic Finance - Published date: .

RIYADH: The Cairo to Jeddah sector has been ranked as the second busiest international route during 2023, with 4.8 milli... Read more

Saudi Online Marketplace Soum Closes $18m In A Series A Funding Round  

Islamic Finance - Published date: .

RIYADH: Saudi-based online marketplace specializing in secondhand products Soum has announced the closure of an $18 mil... Read more

Saudi HR Tech Firm Scalers Secures $1.8m Investment 

Islamic Finance - Published date: .

RIYADH: Saudi-based human resources technology startup Scalers secured SR7 million ($1.8 million) in a funding round led... Read more

Closing Bell: Saudi Main Index Dips To Close At 11,621

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 80.97 points, or 0.69 percent, to close at 1... Read more

Qatars Industrial Production Index Rises 1.7% 

Islamic Finance - Published date: .

RIYADH: Qatar’s Industrial Production Index experienced an uptick in the third quarter of 2023 to reach 105.08 points,... Read more

Qiddiya Announces The Launch Of Its Gaming And Esports District

Islamic Finance - Published date: .

RIYADH: Developers of the Qiddiya mega-project in Riyadh announced the launch of the site’s Gaming and Esports Distric... Read more

Alkhorayef Meets Korean Company Executives To Boost Industrial Ties 

Islamic Finance - Published date: .

RIYADH: Industrial ties between Saudi Arabia and Korea are set to strengthen following the meeting of Saudi Industry and... Read more

Saudi Arabia And China To Boost Aquaculture Sector Investments

Islamic Finance - Published date: .

RIYADH: Investments in the aquaculture sector between Saudi Arabia and China are poised for growth, with discussions tak... Read more

Saudi Arabia And Thailand Forge Strategic Partnership For Economic Growth 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia and Thailand are collaborating to enhance innovation and entrepreneurship, strengthening their bila... Read more

Closing Bell: Saudi Main Index Continues Upward Trend As Trading Turnover Hits $2.2bn

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward movement for the fifth consecutive day on Thursday... Read more

Shenzhen, Abu Dhabi Exchanges Link Up As China, Middle East Move Closer 

Islamic Finance - Published date: .

SHANGHAI: The stock exchange in China's city of Shenzhen and the Abu Dhabi securities exchange agreed to promote cross-b... Read more

Saudi Arabia Commits $2.5m For Global Cancer Treatment Advancement 

Islamic Finance - Published date: .

RIYADH: Low- and middle-income countries are set to benefit from increased accessibility to radiotherapy as Saudi Arabia... Read more

GCC Central Banks Keep Interest Rates Unchanged, Mirroring Feds Move    

Islamic Finance - Published date: .

RIYADH: Central banks in the Gulf Cooperation Council region have kept their interest rates unchanged, following the dec... Read more

Saudi Ports Grow In UN Shipping Index With Expanded Services And Container Handling

Islamic Finance - Published date: .

RIYADH: The introduction of new cargo services and significant progress in container handling has propelled the Saudi Po... Read more

Aramco Turns To AI, Big Data To Maximize Profit, Says Top Executive

Islamic Finance - Published date: .

DUBAI: Saudi oil giant Aramco is boosting its big data and artificial intelligence unit that links up its assets to help... Read more

Saudi Arabia, Russia Stress Need For OPEC+ To Commit To Deal

Islamic Finance - Published date: .

RIYADH: Saudi Crown Prince Mohammed bin Salman and Russian President Vladimir Putin stressed in their meeting in Riyadh ... Read more

Saudi Jobs Boom Unmatched Anywhere In The World, Budget Forum Told

Islamic Finance - Published date: .

RIYADH: Some 1.1 million new jobs have been created in Saudi Arabia in the past year as the Kingdom’s economic diversi... Read more

Oil Updates – Crude Rebounds From Six-month-low But Demand Concerns Linger

Islamic Finance - Published date: .

BEIJING/SINGAPORE: Oil prices reclaimed some ground on Thursday after tumbling to a six-month low in the previous sessio... Read more

Saudi Crown Prince Reveals Urban Plan And Branding For Qiddiya City Megaproject

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman on Thursday revealed the urban plan and global branding for Qi... Read more

Closing Bell: TASI Ends Green At 11,225 Points With $1.62bn Trading Volume 

Islamic Finance - Published date: .

RIYADH: Saudi Arabia’s Tadawul All Share Index experienced a slight rise on Thursday, gaining 51.33 points, or 0.46 pe... Read more