Business Blog

A project to turn an historic Saudi mountain into a tourism site has not been completed nearly eight years after it was awarded, prompting a decision by authorities to cancel the contract and re-tender the project, according to press reports.

The number of Internet users in the Kingdom reached 18.3 million this year. Subsequently, there is an increased demand for Internet and broadband connection services (both mobile and home-based).

Islamic Bank of Britain plc (IBB), (www.islamic-bank.com), the UK's only wholly Sharia compliant retail bank, today announced that, subject to formal shareholder approval, it plans to change its name to Al Rayan Bank PLC.

Islamic Bank of Britain plc (IBB), (www.islamic-bank.com), the UK's only wholly Sharia compliant retail bank, today announced that, subject to formal shareholder approval, it plans to change its name to Al Rayan Bank PLC.

Kuwait Finance House (KFH), the country's biggest Islamic lender, reported a 10% fall in third-quarter net profit on Thursday, in line with analysts' forecasts.

Kuwait Finance House (KFH), the country's biggest Islamic lender, reported a 10% fall in third-quarter net profit on Thursday, in line with analysts' forecasts.