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ISLAMIC ECONOMY
GCC
Saudi economy targeted to reach $1.7trln: Al-Falih
Islamic Finance
Fitch holds ‘neutral’ rating for Islamic banks in UAE, Saudi Arabia
Islamic Finance
Fitch sees sound profitability, solid liquidity for Islamic banks
Equities
Bank ABC Islamic 9M net profit rises 18.6% to $35.1mln
Islamic Finance
Saudi, Kuwait to drive 10% annual growth of $3trln Islamic finance industry in 2023, 2024
Policy
UAE's foreign policy is built upon three pillars of stability, prosperity and principles: Anwar Gargash
GCC
Dubai cuts public debt by $7.8bln to 25% of GDP
GCC
IMF cuts Saudi Arabia's 2023 GDP growth forecast to 1.9%
GCC
Dubai continues to reinforce its position as major global economic hub: Sheikh Hamdan
Islamic Finance
UAE: Demand for Shariah-compliant financing remained strong, with growth of 4.9% in 2022, taking total financing to $146.15bln
GCC
Saudi overcomes challenges to hit $1trln GDP in 2022
GCC
CBUAE maintains growth forecast unchanged at 4.3% for 2024
GCC
CBUAE’s foreign assets hit all-time high to $156bln in April-end
GCC
Dubai Crown Prince approves new strategic projects
Islamic Finance
Islamic banks' assets up to $177bln by end of March 2023: CBUAE
GCC
Saudi inflation ticks higher in May to 2.8%, driven by rents
UK and Europe
Bosnia sets sights on Europe for halal food exports
Islamic Finance
IsDB Group to bring together ministers from 57 member countries
GCC
UAE plays key role in creating investment opportunities: Minister of Economy
Indian Sub-continent
Soaring inflation dampens Eid holiday spirit in crisis-hit Pakistan
Equities
Sharjah Islamic Bank’s operating profit increased by 32% and net profit by 25% for Q1
GCC
Aggregate capital and reserves of banks operating in the UAE up 8.5% in January: CBUAE
Banking & Insurance
UAE banks have $67bln worth of saving deposits: Central Bank
GCC
UAE's GDP doubled, foreign trade jumped 5 times in 17 years: Sheikh Mohammed
Middle East
Qatar: Zakat Fund provides $9.17mln aid in March
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