Dubai: Demand for sharia-compliant risk-management tools, such as Islamic derivatives, is gradually rising in many Muslim-majority countries as their Islamic banks’ domestic market shares grow, and financial sector development and risks due to interest rates, foreign exchange rates, and commodity prices rise, Fitch Ratings says. Nearly three-quarters of Fitch-rated Islamic banks used Islamic derivatives in
Riyadh – ROSHN Group, Saudi Arabia’s leading multi-asset class real estate developer and PIF-owned giga-project, has signed a Memorandum of Collaboration with the Ministry of Tourism that will aim to support the realization of the Kingdom’s National Tourism Strategy and the achieving of targets including welcoming 150 million tourists and generating one million tourism-related jobs
Jeddah, Saudi Arabia – Lucid Group, Inc. (NASDAQ: LCID), maker of the world’s most advanced electric vehicles, has introduced its summer incentives, specifically tailored to enhance the ownership experience for all of the company’s Air models. Here are special summer incentives for new and current EV Drivers: To help ensure that owners enjoy the best possible
Riyadh, Kingdom of Saudi Arabia: Jeel, the leading company in the field of purposeful edutainment digital content for children, adolescents, parents, and educators, announced today the closing of a (seven-digits) dollar seed funding round led by Razm Investments and a group of angel investors. This investment represents a strong boost for Jeel, as it will contribute
In line with the summer season, Visit Qatar has launched its Qatar calendar of events and ‘Your Summer Starts Here’ campaign, including a host of offers, events and fun activations. Curated for people of all ages, the ‘Your Summer Starts Here’ campaign showcases what the country has to offer from outdoor acitivites to exclusive offers
Sharjah: The Mango Festival 2024 concluded its third edition yesterday, Sunday, at Expo Khor Fakkan, with a turnout of 10,000 visitors. Organised by the Municipal Council of Khor Fakkan in collaboration with the Sharjah Chamber of Commerce and Industry (SCCI) and Khor Fakkan City Municipality, the 3-day extravaganza featured over 30 participants, including farmers, productive families
Dammam, Saudi Arabia: In the presence of His Royal Highness Prince Abdulaziz bin Salman, Minister of Energy, GE Vernova Inc. (NYSE: GEV) today announced the successful rollout of the first H-class gas turbine unit completed at the GE Saudi Advanced Turbines (GESAT) facility in Dammam in an official ceremony held at GESAT. As part of the event,