Saudi Banks Assets To Grow In Double Digits by 2020
RIYADH — Samba Financial Group, Saudi Arabia’s third-largest bank by assets, expects Saudi banks to see double-digit asset growth by early 2020, …
Middle East
GCC Online Travel Market To Reach $15 Billion By 2023
ABU DHABI/DUBAI — The online travel market in the Gulf Cooperation Council (GCC) countries is expected to reach $15 billion by 2023, according to MENA …
Saudi Arabia Eyeing For Bigger Share Of The $2.1t Global Halal Market
World halal industry chiefs served up their ambitious plans for a global expansion of the $2.1 trillion food market
Saudi Arabia is aiming to tap into …
Dubai Based Sarwa Launches Halal, SRI Portfolios
Dubai-based startup Sarwa has launched its Halal and Socially Responsible Investing (SRI) portfolios and has lowered the minimum to open up an account …
Etihad Credit, First Abu Dhabi Bank To Facilitate UAE Exporters
Etihad Credit Insurance (ECI) and First Abu Dhabi Bank (FAB) have partnered to help local businesses with their trade finance needs and support …
Oman`s Share Index Closes Higher Marginally
Muscat: The MSM30 index ended higher and closed at 4,127.84 points, up by 0.03 percent. The MSM Sharia Index closed at 537.57 points, down by 1.17 …
Al Rajhi’s Saudi Owner to Stay, Post-Merger’
the merger between Malaysian Industrial Development Finance Bhd (MIDF) and Al Rajhi Banking & Investment Corp (M) Bhd (Al Rajhi Malaysia) is …
QIB Issues $750m Worth Sukuk
(MENAFN – Gulf Times)
*The sukuk was met with strong investor demand as evidenced by the large orderbook which closed at $3.1bn, representing an …
Trade Ties Improving Between Asia & The GCC
Whether in terms of trade, commerce, or cultural linkages, Gulf Co-operation Council (GCC) states have become increasingly diverse in their …
FIFA Push To Spread Qatar World Cup 2022 Qatar Faces Resistance
MIAMI — Concerned by political and logistical impediments, FIFA will face resistance in Qatar to attempts to expand the 2022 World Cup to 48 teams and …
Could Lab-Grown Meat Be In Saudi Arabia`s Future
Lab-grown meat, also known as cultured meat, is emerging as a groundbreaking solution to traditional meat production. With advancements in food …
Saudi Cabinet Approves Tourism Visa For Foreign Travellers
Saudi Arabia has approved new electronic visas for foreign visitors attending sporting events, concerts, and business attractions.
The decision will …
S&P Dow Jones Indices Set Sights On Passive GCC Funds
Dubai: S&P Dow Jones Indices is taking a plunge into passive or low-cost index funds in the Gulf region.
The index provider has launched 15-factor …
Qatar Becomes The Regional, Global Outperformer
Buoyed by “healthy” economic growth and “continued” fiscal support for infrastructure from the government, Qatar will remain an “outperformer”, both …
Saudi Deomstic Spending Increases Despite Falling Oil Prices
Saudi Arabia is doubling down on domestic spending despite falling oil revenues.
Amid a volatile start to 2019 for crude markets, Riyadh is persisting …
Qatar, Along With Turkey, Malaysia To Conquer Islamic Finance Market
DOHA — Qatar is planning an ambitious new initiative with Malaysia and Turkey to serve the $2 trillion global Islamic finance market from hubs …
Azerbaijan To Expand Business Ties with Saudi Arabia
Recently, Azerbaijan Export & Investment Promotion Foundation (AZPROMO) organized the next export mission to Riyadh, the capital city of Saudi …
Dubai, Bosnia To Promote Halal Sector In Europe
The Dubai Islamic Economy Development Centre (DIEDC) and Bosna Bank International (BBI) have agreed to foster collaboration between Dubai and Bosnia …
Saudi Arabia Reviewing Expat Fees Amid Highest Unemployment In A Decade
Saudi Arabia is reportedly reviewing its policy of imposing fees on expatriate workers following an exodus of foreign workers amid rising living …
UAE Tops Arab World In Economic Freedom
The UAE has tied with Bahrain for first place
UAE businesses enjoy the highest economic freedom in the Arab world. This opens a wealth of …
Agoda To Promote Tourism To Saudi Arabia
Agoda To Promote Tourism To Saudi Arabia. Saudi Arabia’s ministry in charge of the Islamic events of Haj and Umrah signed a preliminary …
Saudi University Ranks Best In The Gulf Region
RIYADH: The Jeddah-based King Abdul Aziz University (KAU) has been selected as the best university in the Gulf Cooperation Council (GCC) countries by …
Saudi Tourism Commission Launches ‘Destination For Muslims’ Initiative
JEDDAH: The Saudi Commission for Tourism and National Heritage (SCTNH) has launched an initiative to make Saudi Arabia the preferred destination for …
Focus On Key Investment Opportunities in Makkah Region
Makkah Region
MAKKAH Economic Forum, a two-day event in Makkah Region, will begin on Sunday (May 6) at the Jeddah Ritz-Carlton under the theme, ‘From …