We’re witnessing a period of dramatic adjustment in international trade, as tariffs and geopolitical tensions disrupt or reorient supply chains....
- Dubai, UAE -- The first half of 2025 saw the completion of 24 real estate projects valued at AED 4.5...
Cairo, Egypt – ADIB-Egypt has launched its exclusive portfolio of Private Banking Services, providing a Shariah-compliant banking proposition for its high-net-worth...ADIB-Egypt’s Private Banking platform also provides access to Financial Advisory services led by specialized experts, to help clients' wealth achieve its full potential
ADIB is also introducing a new service granting clients exclusive access to premier banking products and services in the United Arab Emirates
The production started at the first well in the Gulf of Suez.Egypt's petroleum minister said the project first phase aims to reach 6,000 barrels per day by mid-January
The completion of the second well is expected by mid-January to raise production to targeted levels
Dubai, UAE--Brokerage firms at the Dubai Financial Market (DFM) opened 57,054 new investor accounts in 2023, marking a significant increase...The expansion in the growth resulted from the listing of the government and semi-government companies and also rising popularity of online trading
The brokerage firms numbering 29 on the bourse executed over 3.83 million transactions in 2023, a 32.7% increase compared to 2022's 2.88 million
Jeddah, Saudi Arabia - Saudi Arabia's Najran Cement Company has announced the extension of its non-binding memorandum of understanding (MoU)...This extension comes as a result of the ongoing valuation and due diligence processes, which are yet to be completed
The original MOU, signed on October 19, 2023, was set to pave the way for a potential collaboration between the two companies
MUSCAT, OMAN - Maisarah Islamic Banking Services, Islamic window of BankDhofar, acted as an Issue Manager for the Sovereign Sukuk...The Sukuk-Al-Ijara structure has a seven-year maturity and was conducted through private placement to sophisticated investors in Oman.
The issuance has been listed on the Bonds and Sukuk Market, operating under the Muscat Stock Exchange.
The takeover was finalized for an undisclosed amount.The operation will see HSBC France's nearly 250 retail branches with their 800,000 clients and 3,500 staff become CCF
The move is part of London-headquarters HSBC's efforts to simplify and refocus operations on its major region of Asia
The distribution ratio of the NAV stands at 0.10 percent.Albilad Capital confirmed that the dividends would be based on the unitholder register as of the end January 3, 2024.
The total amount of distributed dividends has been declared at US$24,183, an indication of the fund's robust performance
Jeddah, Saudi Arabia -- The Islamic Development Bank Institute (IsDBI) has kicked off the development of the Islamic Finance Knowledge...The Pavilion will provide a digital marketplace of validated solution providers (institutions, consultants, and experts) in Islamic finance and economic development.
This project aligns with the IsDBI’s objective to provide fintech knowledge solutions to the Islamic finance industry to support sustainable development in member countries.
RIYADH, SAUDI ARABIA- The Insurance Authority (IA) has issued its first report on the performance of the sector in the...The report has been issued to provide transparent and accurate information about the performance of the insurance sector.
The report showed a 2.2 percent increase in the insurance sector’s penetration ratio to non-oil GDP in Q3 of 2023.
They will manufacture, test, sell and service mtu engines in Saudi.The deal marks a milestone for the industrial development of the Kingdom’s rapidly growing marine and off-grid power generation sectors, according to the release, Aramco said.
Makeen aims to deliver state-of-the-art solutions to meet the evolving demands of our valued customers in oil and gas, said Makeen CEO Abdullah Al-Ghamdi.
