RIYADH: As Saudi Arabia advances its Vision 2030 diversification agenda, green finance is emerging as an increasingly important mechanism for funding the country’s ambitious sustainability projects while supporting long-term economic growth. From renewable energy and green hydrogen to sustainable infrastructure and clean transportation, green finance is helping channel capital into projects aimed at reshaping the […]
Riyadh, Saudi Arabia Mars 3 2024 – Al Rajhi bank world’s largest Islamic bank by capital. Image used for illustrative purpose. Image courtesy: Getty Images/ Ayman Zaid The shariah-compliant facility will support the expansion of its loan portfolio Staff Writer , ZAWYA Saudi Arabia’s Bidaya Finance Company has […]
The Global Banking & Finance Review Awards Program has officially opened nominations for Best New Islamic Project Finance Bank Saudi Arabia 2026, recognising newly established Islamic financial institutions that are demonstrating excellence in financing large-scale projects through innovative Sharia-compliant financial structures. Project finance plays a critical role in supporting economic development by funding major infrastructure […]
Company builds data centres CEO to use non-recourse financing Uzbekistan deal tested structure DataVolt, a Saudi-backed investor, developer and operator of renewable-powered AI data centres, expects to secure financing for all its facilities under construction in the kingdom “within six months”, chief executive Rajit Nanda said. The company is pursuing non-recourse financing, in which lenders […]
Yemen’s Houthi militants launched a missile attack on southern Saudi Arabia early Saturday, according to the group’s media arm, opening a second front in a widening Middle East conflict that has already paralyzed the Strait of Hormuz and sent global oil prices surging toward $100 a barrel. The strike came as the United States appeared […]
NEW YORK CITY: As governments scramble to near a multitrillion-dollar investment hole threatening the UN’s Sustainable Construction Targets, Saudi Arabia is selling an answer rooted no longer in trendy finance however in a 1,400-year-old Islamic custom. Presenting its 3rd Voluntary Nationwide Evaluation on the UN Top-Stage Political Discussion board on Sustainable Construction this week, the […]
Trade Table: RSGT Bangladesh has formally began full-fledged operations at Patenga Container Terminal (PCT), ushering in a brand new technology in Bangladesh’s maritime and logistics sector. The corporate introduced the operation after two years of infrastructure building and funding, which is being regarded as crucial milestone for the rustic’s port control and global industry. Finance […]
Tabby, the monetary services and products app, as of late introduced it has won a shopper finance licence and SME finance licence from the Saudi Central Financial institution (SAMA). The licences let Tabby be offering shoppers in Saudi Arabia longer plans on higher purchases, along the 4 interest-free per month bills they already use, and […]
Key Takeaways Tabby has secured shopper finance and SME finance licences from the Saudi Central Financial institution (SAMA), enabling 12-month Shariah-compliant cost plans as much as SAR 50,000 and dealing capital for outlets on its platform. SAMA granted Tabby each a shopper finance licence and an SME finance licence, introduced on 29 June 2026. The […]
Saudi Arabia is anticipated to announce the designated spaces the place foreigners might be allowed to possess assets this summer season, in a transfer that would free up the following section of world call for for the Kingdom’s actual property marketplace. A legislation permitting international non-resident possession got here into impact previous this yr however […]
