The kingdom already boasts a well-established Islamic banking sector, with the first such bank having opened in 1978.
April 01, 2015 - 11:44 GMT
Only one corporate sharia-compliant bond has been issued so far in Jordan.
“At no point was the aircraft, passengers or crew at risk.”
April 01, 2015 - 11:36 GMT
An Emirates flight and an Etihad plane, which were travelling in opposite directions, nearly collided with each other over the Indian airspace on Sunday night.
Egypt has been the second-largest recipient of U.S. foreign aid since its peace treaty with Israel in 1979.
April 01, 2015 - 08:25 GMT
The United States announced on Tuesday it was lifting its hold on the supply of military equipment to Egypt.
The remainder consists of a $1 billion 364-day facility paying 10 bps, which is renewable annually.
March 31, 2015 - 19:36 GMT
Saudi Aramco, the Kingdom’s state oil giant, has signed a $10 billion loan with 27 financial institutions.
The number of stadiums planned for the finals has not been announced but the revolutionary cooling system will be installed when each ground is constructed
March 31, 2015 - 19:28 GMT
A winter World Cup in Qatar may not require cooling systems to lower temperatures in the stadiums as proposed in the bid for a summer tournament.
Short positions in US crude have risen to a record high as traders bet record crude stocks in the United States will keep it under pressure relative to Brent.
March 31, 2015 - 18:55 GMT
Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to reach a preliminary deal.
The structure strikes a slight resemblance to Dubai’s Burj Khalifa tower.
March 31, 2015 - 14:11 GMT
The structure strikes a slight resemblance to Dubai’s Burj Khalifa tower.
The Roamer app is available on iPhone and Android smartphones and tablets, and works with any SIM card.
March 31, 2015 - 09:32 GMT
The app is now again able to provide UAE users VoIP free calls and internet calls to phone numbers abroad.
“Economies face pressures from changes in the international environment, including the drop of the oil price,” he said.
March 31, 2015 - 09:15 GMT
The initiative may mark a more aggressive push by the Arab world’s second biggest economy to attract investment.
The LNG terminal will be built in the municipal region of Qinzhou in southern China and will include the construction of a terminal.
March 31, 2015 - 08:28 GMT
"These projects will include building 1,000 petrol stations across six provinces in China and a liquefied natural gas (LNG) terminal with a 3 million tonne per annum capacity in the region of Qinzhou," he said.
As part of its five-year plan, the company is targeting international growth in key regional markets.
March 30, 2015 - 16:44 GMT
Dubai-based conglomerate Majid Al Futtaim is not planning on listing in the market anytime soon.