Middle East and North Africa

Middle East and North Africa

Saudi Support Fund to Provide Economic Stimulus for Tadawul-Listed Companies

Saudi Arabia’s Projects Support Fund Initiative has signed an agreement with Tadawul, the Saudi Stock Exchange, to provide economic stimulus for listed companies. The initiative...

Saudi’s National Commercial Bank Eyes Dollar Sukuk

Saudi Arabia’s National Commercial Bank (NCB) is looking to raise more funds through the issuance of additional US dollar-denominated sukuk. NCB has mandated Citigroup Global...

Islamic Finance Body AAOIFI Standards Now Available for Free Online

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) has made all its standards available for free online. Previously only its Shariah standards...

Alstom Reaffirms Commitment to Developing Sustainable Transport Systems in Saudi Arabia

Alstom has reiterated its commitment to Saudi Arabia, saying it will continue to shape the future of transport systems and deliver best-in-class mobility solutions...

QIB Ranked Third Strongest Islamic Bank in World

The Asian Banker Magazine has ranked Qatar Islamic Bank (QIB) as the ‘Third Strongest Islamic Bank in the World’ and ‘Eighth Strongest Bank in...

2020 Sukuk Supply Resilient with Momentum to Continue into 2021

Global sukuk supply is expected to accelerate in 2021 following a resilient 2020 as issuers seek to refinance maturing debt and fund large budget...