Saudi Arabia Extends Support for Hajj, Umrah Operators
Riyadh: Saudi Arabia’s King Salman approved a range of initiatives to assist firms and individuals operating in support of Islamic pilgrimages of Hajj …
Saudi Arabia
Deutsche Bank To Announce A Major Sukuk Issuance In Saudi Arabia
Deutsche Bank expects to bring to the market a “major” Islamic bond in Saudi Arabia by the end of the first quarter, as part of a wider push into the …
Brazil’s BRF Purchases Saudi Food Processing Unit
The Brazilian food company strengthens its foothold on the international market with manufacturing operations in Saudi Arabia. It will invest USD 7.2 …
Saudi Arabia Poised to Become a Global Leader in Islamic Finance
The Kingdom of Saudi Arabia, being the largest Islamic finance market globally in economies with dual financial systems (comprising both conventional …
IRTI Launches Saudi Arabia Islamic Finance Country Report
In conjunction with the G20 Summit being held in Saudi Arabia on 21-22 November 2020, the Islamic Research and Training Institute (IRTI) of the …
COVID-19 Pandemic & Localization Initiatives in GCC Countries
COVID-19 coronavirus is here to stay. This is a painful fact none of us can ignore anymore. Central banks around the world have been using various …
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 …
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 …
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 …
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 …
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 …
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. …
Is The Tourism Sector In Saudi Arabia Sustainable?
Over the past year, Riyadh has increased its focus on its tourism industry to diversify the economy in line with the Saudi Vision 2030.
Step into …
SA Tourism Agency Keen to Woo More Visitors from Saudi Arabia
In this Thursday, Aug. 22, 2019 photo, a Saudi woman poses for a picture as she wears a colorful flower crown native to the region during the …
Saudi Arabia Fines 16 Banks, Including Its Biggest Islamic Bank
Saudi Arabia’s central bank on Sunday fined 16 banks, including a UAE bank and some of Kingdom’s largest banks, for violating its laws and …
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, …
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 …
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 …
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 …
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 …