Islamic Banking Assets in the UK will Reach $8.2 Billion in 2023, up 26%, According to Fitch Ratings
The UK’s position as a major hub for Shariah-compliant banking in the West was strengthened in 2023 when the country’s Islamic...
Official Data Shows that Saudi Vision 2030 Increases Industrial Facilities by 60%
Supported by Vision 2030, the industrial sector in Saudi Arabia has seen a 60% increase in facilities since the national vision was...
Initiative to Improve Training and Education in Tourism Launched
A comprehensive program to improve education and training standards in the tourist sector has been announced by Princess Haifa bint...
December will See Riyadh Host the 19th Internet Governance Forum
The King Abdulaziz International Conference Center in Riyadh will host the 19th Internet Governance Forum, which is being coordinated by...
Oil Updates: Middle East Tension and Libyan Outages Cause Prices to Suspend their Rise
Following a spike of more than 7% in the preceding three sessions, oil prices halted recent advances to trade in a range on Tuesday due to...
GCC Banks Established a Record in Q2 Lending Earnings of $21.5 Billion
In the second quarter of 2024, profits from lending activities at Gulf Cooperation Council banks hit a record $21.5 billion, up 7.6 percent...
Officially, the Private Sector in Saudi Arabia is Driving the Growth of the Hail Region
A senior official in Saudi Arabia believes that the private sector has a significant impact on the growth of the northern province of Hail....
Portugal and Saudi Arabia Establish a Business Council to Encourage Trade
According to the Federation of Saudi Chambers of Commerce, the establishment of a business council for the 2024–2028 term will strengthen...
Estithmar Holding of Qatar Issues $137 Million in Sukuk, Initially in Local Currency
With the 500 million Qatari riyal ($137 million) sukuk issued by Qatar-based Estithmar Holding, the company’s first corporate...
Egypt’s Economy Appears to be Improving, According to the IMF
As a consequence of the government’s recent attempts to reestablish macroeconomic stability, Egypt’s economy is beginning to...
