Business Blog

Petrochemicals stocks led gains on Saudi Arabia's bourse as an overnight rebound in oil prices spurred the kingdom's investors to buy back beaten-down stocks.

Islamic banking is growing faster than its conventional counterpart but is focused in a few core markets and risks missing an opportunity to build a global footprint, the EY consultancy said.

Islamic banking is growing faster than its conventional counterpart but is focused in a few core markets and risks missing an opportunity to build a global footprint, the EY consultancy said.

Qatar's Barwa Real Estate has signed a deal to sell two plots of land for a combined 5.34 billion riyals (USD 1.47 billion) to an unidentified buyer, the company said.

London-based European Islamic Investment Bank has cancelled a proposed tender of 20 million sterling of its own shares, delaying a capital reduction plan it first proposed in May to enhance shareholder returns.

London-based European Islamic Investment Bank has cancelled a proposed tender of 20 million sterling of its own shares, delaying a capital reduction plan it first proposed in May to enhance shareholder returns.