Makkah Hosts 9th Conference of Muslim World Awqaf and Islamic Affairs Ministers
Riyadh Makkah is set to host the 9th Conference of Ministers of Awqaf and Islamic Affairs on August 3, 2024, under the distinguished patronage of the …
Middle East
GCC Sukuk Issuance Jumps 38% in H1
The fixed-income market in the Gulf Cooperation Council (GCC) region has experienced remarkable growth in the first half of 2024, as highlighted in a …
Highlanders to Welcome Arab Tourists with Halal Dishes and Arabic Menus
The Tatra Chamber of Commerce is preparing to attract more Arab tourists to Podhale by introducing a variety of tailored services. Recognizing the …
Saudi Arabia to Receive 100 Electric Aircraft, Transforming Hajj and Umrah Travel
In a significant step forward for Hajj and Umrah travel, Saudi Arabian Airlines Group (SAG) has signed a deal to acquire 100 electric aircraft from …
UAE’s Eagle Hills Expands Global Portfolio with $3 Billion Investment in Indonesia
Abu Dhabi’s real estate powerhouse, Eagle Hills, is strategically expanding its global presence by integrating Indonesia into its extensive …
Binghatti Sukuk Tap Achieves 420% Oversubscription
In a striking development in the finance sector, Dubai’s prominent real estate developer, Binghatti, has again made headlines with its recent …
UAE’s Debt Market Rises 11.8% to $281Bn in H1, 71.5% Dominated by US Dollars
The UAE’s debt market has demonstrated remarkable strength and expansion, growing by 11.8% to reach a substantial $281 billion in the first half …
Fitch Affirms ‘A’ Rating for Qatar International Islamic Bank with Stable Outlook
Fitch Ratings, a leading global credit rating agency, has recently reconfirmed the Long-Term Issuer Default Rating (IDR) of Qatar International …
Islamic Banks Constitute 21% of UAE’s Gross Domestic Credit in the UAE
KUALA LUMPUR: The UAE banking industry has shown remarkable growth in 2024, with Islamic banks playing a crucial role. The Central Bank of the UAE …
Saudi Arabia’s Tourist Spending Reaches $40 Billion in First Half of 2024, Minister Reports
RIYADH: In the first half of 2024, Saudi Arabia’s tourist expenditure soared to approximately SR150 billion ($40 billion), reflecting a robust 10 …
Two Qatari Female Designers Featured in Forbes Middle East’s Fashion Innovators List
Forbes has recently highlighted the dynamic fashion scene in the Middle East by featuring two Qatari designers, Ghada Al Subaey and Wadha Al Hajri, in …
SAMA Regulations Enhance Transparency in Saudi Islamic Banking
The Saudi Central Bank (SAMA) has rolled out a series of regulations from 2020 to mid-2024 that have notably enhanced the transparency and Shariah …
NBO Muzn Islamic Banking Ensures Financial Security with Bancatakaful Products
MUSCAT – NBO Muzn Islamic Banking, a division of the National Bank of Oman, is redefining financial protection with its suite of Bancatakaful …
Sharjah Islamic Bank Lists $500 Million Sukuk on Nasdaq Dubai
Nasdaq Dubai has proudly announced the listing of a $500 million Sukuk by Sharjah Islamic Bank (SIB), marking a significant milestone in the …
How Saudi Arabia’s Vision 2030 and Legal Reforms are Transforming Tourism
Saudi Arabia’s ambitious Vision 2030 plan, initiated by Crown Prince Mohammed bin Salman in 2016, aims to revolutionize the Kingdom’s …
Illuminating the Prophet’s (PBUH) Mosque: A Testament to Islamic Architectural Art
Nestled in the historic city of Medina, the lighting of the Prophet’s Mosque, or Masjid an-Nabawi, showcases a stunning display of Islamic …
Holy Kaaba’s Kiswa Replaced by 159 Craftsmen for Islamic New Year
The Holy Kaaba in Makkah received a new Kiswa, the elaborate black cloth that covers it, in a ceremony marking the Islamic New Year on 1 Muharram 1446 …
Qatar Awqaf Invites Entries for Al Raqim Calligraphy Competition
The Sheikh Abdullah bin Zaid Al Mahmoud Islamic Cultural Centre, also known as Fanar, under the Ministry of Endowments (Awqaf) and Islamic Affairs, …
Qatar’s Awqaf Ministry Launches Inaugural Al Raqim Arabic Calligraphy Competition
Qatar has enriched its cultural heritage by introducing the first-ever Qatar International Arabic Calligraphy Competition, Al Raqim. This …
Oman’s EDO Sells Second Dollar Sukuk
State-owned Energy Development Oman (EDO) has successfully issued its second dollar sukuk, raising an impressive $750 million. This sukuk issuance was …
New Shipping Service Links Jeddah Islamic Port to Major Cities in China and Egypt
Saudi Arabia’s Jeddah Islamic Port is set to significantly boost its global market connectivity with the launch of a new shipping service. This …
Leading Pakistani Food Manufacturer Announces New UAE Subsidiary
KARACHI: Ismail Industries Limited, a prominent Pakistani food manufacturer and exporter has unveiled plans to establish a subsidiary in Abu Dhabi, …
Qatari Awqaf Ministry Launches Arabic Calligraphy Contest
Doha, Qatar, becomes a focal point for artistic expression with the launch of the Arabic Calligraphy Contest at the Sheikh Abdulla Bin Zaid Al Mahmoud …
Abu Dhabi Islamic Bank Partners with Silent Eight for Compliance Automation
Abu Dhabi Islamic Bank (ADIB), a leader in the Islamic finance industry, has embarked on a transformative journey by partnering with Silent Eight, a …