Bitcoin hit a fresh record above $72,000 on Monday as demand for the cryptocurrency picks up amid optimism that the...
NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...
Of recent, Islamic banking has been getting quite a boost from governments and financial institutions in the Gulf Cooperation Council.Islamic banks are prohibited from collecting or paying interest, which raises the question: How do they make a profit, or even stay in business?
The answer is that they make money through equity participation, which requires a borrower to give the bank a share of their profits
The country aims to produce 25 gigawatts (GW) of renewable solar and wind energy, which will be used to produce...The country aims to produce 25 gigawatts (GW) of renewable solar and wind energy, which will be used to produce over 1.5 million tons of carbon-free hydrogen per year.
Najla Zuhair Al Jamali, Executive Manager of Alternative Energy at OQ said that GEO is at the vanguard of mega-scale green fuels projects
The MoU places an emphasis on technologies pertinent to financial services, regulation and supervision.The MoU places an emphasis on technologies pertinent to financial services, regulation and supervision
The two authorities will foster open dialogue on operational and technology risk supervision and anti-money laundering
The growth was driven by medical supplies, dermatology, knitting sector.The United States, India, Saudi Arabia and Iraq imported JD940 million worth of ACI exports, which is more than half
India came first with JD373 million imported in the first quarter of 2022 compared to JD157 million in the same period of 2021
The Saudidates platform is expected to help the center promote digital transformation and digitize markets and the entire sectors.The National Center for Palms and Dates in Saudi Arabia has launched a platform called Saudidates
The platform is one of the center’s projects to invest in the history and culture of the kingdom
The wheat is being procured from Europe, North and South America, and Australia, and will arrive in Saudi Arabia from...The Russian invasion of Ukraine has threatened the food supply of not just Saudi Arabia but the entire Middle East and North Africa region
Saudi Arabia buys wheat, beef, and milk from both Ukraine and Russia and relies on them for various products, particularly agricultural products
The investment is worth $2.9 billion based on Friday's share price.Musk became Twitter’s largest shareholder following the purchase of 73.5 million shares or 9.2 percent of common stock
The Tesla founder is currently the world's richest man, with a net worth of $287.6 billion, according to various sources
Exponential growth in the trade of the amphetamine-type stimulant captagon poses an increasing health and security risk to the regionThe figure is a jump from an estimate of around $3.5 billion in 2020 and only reflects the retail value of the pills seized last year
The real amount of seized pills is likely higher and still only a fraction of the total amount of captagon produced
Iran's oil production capacity has returned to the same level as prior to the reimposition of sanctions in 2018, when..."Oil production has reached pre-sanctions figures, despite economic pressures," said Mohsen Khojastehmehr, CEO of the National Iranian Oil Company
In a monthly report, the OPEC group of oil-producing countries estimated that Iran produced 2.54 bpd of oil in February
- As foreign investors seek to take advantage of investment opportunities in the region, KSA and UAE get billions of dollars...
The foreign direct investment flows in the UAE increased 3.9% to $20.7bn in 2021
The total investment in Saudi Arabia by overseas investors rose by 257 percent last year to $19.3 bn
