Islamic fintech is a fast-growing segment of financial technology among Organisation of Islamic Cooperation (OIC) countries, with the UAE and Saudi Arabia leading in transaction volume and ecosystem …
Brazil, Saudi Arabia and Morocco ‘told of delay in Covid jabs from India’
Serum Institute cites Indian demand and capacity expansion for lack of AstraZeneca vaccine, source says …
Oil giant Saudi Aramco sees 2020 profits drop to $49 billion
Saudi Arabia’s state-backed oil giant Aramco says that its profits sharply fell in 2020 to $49 billion. The big drop came as the the coronavirus pandemic roiled global energy markets. Saudi Arabian …
Explained: Why Indian OMC’s are cutting crude imports from Saudi Arabia
State-owned oil marketing companies are set to cut crude oil imports from Saudi Arabia in response to sustained production cuts by the OPEC+ countries amid rising crude oil prices. We examine the …
UAE condemns Houthis’ attempted drone attack on Saudi Arabia’s Khamis Mushait
The UAE has strongly condemned and denounced the Iran-backed terrorist Houthi militia’s systematic attempt to target civilians and civil objects in Saudi Arabia’s city of Khamis Mushait with an …
Saudia Signs SR11.2 Billion Agreement with 6 Saudi Banks to Finance Program to Increase its Aircraft Fleet
The Saudi Arabian Airlines Corporation has signed a financing agreement with 6 local banks worth SR11.2 billion ($3 billion), which is the largest in the history of the Kingdom of Saudi Arabia’s …
Saudia Signs SR11.2 Billion Agreement with 6 Saudi Banks to Finance Program to Increase its Aircraft Fleet
The Saudi Arabian Airlines Corporation has signed a financing agreement with 6 local banks worth SR11.2 billion ($3 billion), which is the largest in the history of the Kingdom of Saudi Arabia’s …
Motorist knocks down biker, flees accident scene in Saudi Arabia
The car driver hit a motorcyclist during a rally at midnight on Friday on the bridge at the intersection of King Khalid with the Southern Ring Road. The authorities identified the man in less than 24 …
UAE condemns Houthi drone attack on Saudi Arabia’s Khamis Mushait
The UAE has strongly condemned and denounced the Iran-backed terrorist Houthi militia’s systematic attempt to target civilians and public sites in Saudi Arabia’s city of Khamis Mushait with an …
Saudi Arabia Says Missiles in Aramco Attacks Were Made in Iran
Read: Saudi Arabia Vows to Protect Oil Facilities After Drone Attack This month, Saudi Arabia intercepted a barrage of drones targeting its oil infrastructure. The development pushed oil prices to …