Business Blog

Qatar Airways Cargo recently took delivery of its sixth Boeing 777 freighter. "The delivery of our sixth Boeing 777 freighter is a proud moment for Qatar Airways Cargo," said Qatar Airways Chief Executive Officer Akbar Al Baker.

A small house of 42sqm in the expat-dominated working class locality of Najma was sold for QAR2.8m (QAR66,660 per sqm) last week, real estate transactions show.

The Islamic Development Bank (IDB) on Tuesday announced loans worth USD 752 million (SAR 2.82 billion) to finance development projects in Egypt.

Over the past two years, issuance of sukuk in Saudi Arabia has ballooned because of increased liquidity, comparatively low borrowing costs and firms' desire to diversify their funding sources beyond bank loans.

The Islamic Development Bank (IDB) is committed to going ahead with its projects in member states affected by conflicts, said its President Ahmed Mohammed Ali.He made these remarks at a press conference in Jeddah, attended by Finance Minister Ibrahim Al-Assaf.

Borse Dubai, the emirate's holding company for its stock exchanges, has refinanced a half-billion dollar loan at an ultra-low rate, setting the seal on its recovery from a financial crisis several years ago.