Oman Arab Bank To Merge With Alizz Islamic Bank
Oman Arab Bank and Alizz Islamic Bank are planning to merge after securing regulatory approval from the Central Bank of Oman. The deal will further …
Middle East
COVID-19 & Oil Price Collapse: A Double-Edged Sword For GCC
COVID-19 and oil price collapse are proving a double-edged sword to the Gulf Cooperation Council (GCC) countries. The World Bank recommends these …
COVID-19 To Impact GCC Sukuk Issuance In 2020
Global Islamic bond issuance is set to remain stable at around $180 billion
Dubai: Islamic finance is set to keep expanding in 2020 and beyond as the …
GCC Ministers Discuss Economic Impact Of COVID-19
RIYADH: Commerce ministers of the Gulf Cooperation Council (GCC) held a virtual meeting to discuss the economic impact of the coronavirus disease …
Asian Economies To Suffer Heavily Due to COVID-19 Outbreak
WASHINGTON- The World Bank is estimating that the coronavirus outbreak will cause economic growth to slow significantly this year in China and other …
Saudi Arabia Urges Muslims To Defer Hajj Plans
Saudi Arabia’s hajj minister asked Muslims on Tuesday to temporarily defer preparations for the annual pilgrimage amid uncertainty over the …
Brazil To Increase Halal Chicken Export To Oman
BRF SA, the world’s largest chicken exporter, has announced that it has been granted 15 permits to export meat products from Brazil to Oman. …
Luxury Still Driving Travel Landscape In GCC Countries
In the past two decades, the travel landscape has significantly changed in GCC countries. But, the concept of luxury has remained a vital element of …
Pakistan, Turkey To Formulate Uniform Halal Standards
ISLAMABAD, (UrduPoint / Pakistan Point News – 17th Feb 2020 ): The recent Memorandum of Understanding (MoU) signed between Halal Accreditation Agency …
Saudi Arabia Moving Away From Oil To Financial Technology
Crude oil production in Saudi Arabia slowed down considerably last year, from 10,643 BBL/D/1K in December 2018 to only 9,890 BBL/D/1K in November …
Saudi Plan to Wean Off Oil Sees Success Even as Economy Stalls
Saudi Arabia’s economy shrank 0.5% in the third quarter, a contraction that was broadly expected even as the kingdom’s goal of weaning itself off …
Saudi Banks NCB, Riyad Scrap Merger Talks
Saudi Arabia’s NCB, Riyad Banks end talks to create a mega bank consisting of $200 billion assets, with differences over valuation potentially …
Qatar To Host 14th World Islamic Economic Forum in 2020
Qatar plans to host the 14th session of the World Islamic Economic Forum (WIEF) in October 2020, according to an agreement signed between the Ministry …
Bank Nizwa Recognized As The Leader In Islamic Finance In Oman
Bank Nizwa, Oman’s fastest-growing Islamic bank continues to excel in providing excellent customer service. The bank received two awards in this …
Foodex Saudi 2019 to Attract Local, International Exhibitors
Foodex Saudi 2019 is set to be the largest international food and beverage event in Saudi Arabia, taking place in Jeddah from November 11-14, 2019. …
UAE To Help Bangladesh Set Up Global Halal Certification Center
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) recently sought collaboration and support from the United Arab Emirates (UAE) …
Dubai Launches `World`s First` AI-Based Fatwa Service
Dubai has unveiled the world’s first AI-powered fatwa service, known as “Virtual Ifta,” a groundbreaking platform designed to provide …
Arab Ministers Discuss Ways To Enhance Cultural Tourism
Arab ministers from across the region recently gathered in Tunis to discuss strategies for enhancing cultural tourism, marking a pivotal moment in the …
Egypt To Invest US$1b In Pakistan
Egyptian companies plan to invest $1 billion in Pakistan’s energy, infrastructure, halal food, and tourism sectors, the Arab News reported …
Russia To Increase Agri Exports To UAE
Russia is looking to increase its agricultural exports to the UAE in a bid to take advantage of the country’s highly receptive and rapidly …
Russia Keen on Meeting UAE’s Food Import Needs
Russia has made several steps towards enhancing its business presence in the UAE in this sector.
Russia is looking to increase its agricultural …
Bank Nizwa Nurtures Growth of Omani Experts in Islamic Finance
Bank Nizwa, a pioneer in Islamic finance in Oman, proudly boasts a 91% Omanization rate, reflecting its dedication to nurturing local talent within …
German Boxer Advocates for Headscarf Rights in the Ring
Zeina Nassar, a 21-year-old boxer from Berlin, is revolutionizing the sports world with her groundbreaking achievements and advocacy. As the German …
Boards of Kuwait Finance House and Ahli United Bank Agree Terms of Possible Merger
The boards of Kuwait Finance House (KFH) and Ahli United Bank (AUB) have agreed on a share swap ratio, marking a significant milestone in KFH’s bid to …