Oman’s Islamic banks report 13.2% asset growth to $19.5bn

RIYADH: Islamic banks in Oman reported total assets of about 7.5 billion Omani riyals ($19.5 billion) by the end of April, a 13.2 percent increase from the previous year.  According to official data, this represents 17.7 percent of the country’s total banking sector capital, highlighting the growing influence of Islamic finance in the nation.  The … Read more

Saudi Arabia and Thailand strengthen economic ties with new investment office in Riyadh

RIYADH: Saudi Arabia is set to enhance private sector cooperation with Thailand as the Southeast Asian nation opens its first Board of Investment office in Riyadh, a top official announced.  On the sidelines of a business forum in the Saudi capital, Minister of Investment Khalid Al-Falih highlighted that this marks Thailand’s inaugural office in the … Read more

Closing Bell: Saudi main index rose to close at 11,881

Saudi Arabia and Thailand strengthen economic ties with new investment office in Riyadh RIYADH: Saudi Arabia is set to enhance private sector cooperation with Thailand as the Southeast Asian nation opens its first Board of Investment office in Riyadh, a top official announced.  On the sidelines of a business forum in the Saudi capital, Minister … Read more

New SAMA platform Naqd to facilitate easier account access for agencies 

RIYADH: A new digital platform will allow government agencies to access their accounts in the Saudi Central Bank easily and conveniently.  The central bank, also known as SAMA, has announced the launch of Naqd, a platform for government banking services. The service is designed to provide government entities with easy and secure access to their accounts at … Read more

Pogacar pulverizes opposition at Tour de France

PLATEAU DE BEILLE, France: Tadej Pogacar extended his overall lead at the Tour de France to more than three minutes on Sunday with a convincing second-straight stage win in the Pyrenees. The Slovenian dropped the last of his rivals with five kilometers to go after five more Pyrenean peaks. A valiant Jonas Vingegaard could only … Read more

Saudi environment minister launches financial support program to propel fisheries sector

Saudi Arabia and Thailand strengthen economic ties with new investment office in Riyadh RIYADH: Saudi Arabia is set to enhance private sector cooperation with Thailand as the Southeast Asian nation opens its first Board of Investment office in Riyadh, a top official announced.  On the sidelines of a business forum in the Saudi capital, Minister … Read more