Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: Finance
‘Saudi Now’ markets and economics app launched
:: Thomson Reuters has launched the “Saudi Now” application aimed at financial professionals seeking markets and economics data on Saudi Arabia. The launch was announced at the Future Investment Initiative organized by the Public Investment Fund in Saudi Arabia. The
Financial crisis forces Qatar to sell UACC, but Saudi Arabia owns the decision
:: Qatar’s crisis is holding up the sale of a shipping company it part owns, one of the latest signs of an emerging corporate fall-out that Doha is facing after Arab countries cut relations in June, sources familiar with the
Abu Dhabi Global Market, UAE Exchange partner to promote fintech
:: Abu Dhabi Global Market, the emirate’s global financial free zone, has partnered with UAE Exchange to help startups engaged in the remittance, foreign exchange and payments business develop and deploy financial technology. UAE Exchange and ADGM will jointly implement
Qatar biggest mall’s $1 bln loan refinancing frozen
:: The refinancing of a $1 billion loan by Doha Festival City, a retail and hospitality complex in Qatar, has been indefinitely postponed as a diplomatic crisis deters regional banks from doing new Qatari business, bankers said. The refinancing, coordinated
In the Trump era, one US Muslim investor tries a louder voice
Shareholder activism is rare in Islamic finance, but one wealth manager has staked out new territory as the most outspoken voice among Muslim investors in the United States. Working from an office in Falls Church, Virginia, Bashar Qasem was the
Abu Dhabi police crack multimillion dollar fraud
Abu Dhabi police confiscated checks worth 1.3 billion Dirhams ($354 mln) in a case of fake investment portfolios. According to the Director General of the Abu Dhabi Police, Major General Maktoum Ali al-Sharifi, 43 people were arrested after 400 legal
Meet the most prominent women in the Saudi financial sector
No sooner had Sarah Suhaimi been appointed to the board of Directors of the Saudi Stock Exchange Tadawul, and Rania Mahmoud Nashar was made CEO of Samba Financial Group, becoming the first woman to be an Executive manager of a
U.N. adopts resolution to target ISIS finances
Finance ministers from the U.N. Security Council unanimously adopted on Thursday a wide-ranging resolution aimed at ramping up sanctions against ISIS and cutting off its revenue flows. U.S. Treasury Secretary Jacob Lew led the council’s first-ever meeting of finance ministers,
Britain finance chief slammed over visit to restive China region
Campaign groups on Wednesday condemned Britain’s finance minister for touting business opportunities ahead of human rights on a visit to China’s violence-wracked Xinjiang region. George Osborne pledged Britain would “support the growth” of the area, the homeland of the mostly-Muslim
Steve Jobs ‘took our jobs’: Finnish PM
STOCKHOLM: Finnish Prime Minister Alexander Stubb has accused Apple’s late founder Steve Jobs of crushing his Nordic country’s job market by selling innovations that caught Finland’s companies off guard. “We had two pillars we stood on: one was the IT
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