assets

Islamic banks in the UK saw their assets surge 26 percent in 2023 to $8.2 billion, reinforcing the country’s position as a key Western hub for Shariah-compliant banking. Fitch Ratings, in its latest report, expects the UK’s Islamic…
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Saudi Arabia’s National Development Fund has appointed Northern Trust to manage over SR60 billion ($16 billion) in assets, advancing its goal to become a global finance leader. Northern Trust, which recently established its regional…
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An increase in domestic investments and credit led Qatar’s banking assets to see a monthly growth of 1.2 percent in June, to reach 1.99 trillion Qatari riyals ($543.9 billion). According to QNB Financial Services, this growth contributed…
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Saudi Arabia’s possession of US treasury bonds increased to $136.3 billion in May, compared to $111.3 billion for the same month in 2023. The figures mark a 22.46 percent year-on-year increase. Data released by the US Treasury…
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Islamic banks in Oman reported total assets of about 7.5 billion Omani riyals ($19.5 billion) by the end of April, a 13.2 percent increase from the previous year. According to official data, this represents 17.7 percent of the country’s…
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A federal judge on Friday ordered the liquidation of conspiracy theorist Alex Jones′ personal assets but dismissed his company’s separate bankruptcy case, leaving the immediate future of his Infowars media platform uncertain as he owes $1.5…
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Saudi Arabia’s finance companies witnessed a 13 percent year-on-year surge in total assets to SR64.2 billion ($17.12 billion) in 2023, newly released data from the Kingdom’s central bank has revealed. The figures show that amid increased…
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Total assets of Oman’s sovereign wealth fund increased by an estimated 7.4 percent year on year to reach 19.24 billion Omani rials ($49.9 billion) in 2023, according to new figures. A report issued by the Oman Investment Authority…
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The G7 will explore ways of using the future income from frozen Russian assets to help Ukraine, finance chiefs from the Group of Seven industrial democracies said on Saturday, according to a draft statement seen by Reuters. The G7 froze…
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The Saudi government’s assets are forecasted to remain strong amid steady economic diversification efforts aimed at reducing the Kingdom’s dependence on oil, stated a new report. According to S&P Global, the increasing debt issuance…
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