HSBC ‘sharia‑compliant’ fund spent over $100m on five Israeli military‑linked firms
MEE analysis reveals HSBC’s Islamic Global Equity Index Fund purchased shares in world’s second-largest arms company
Business
NDF Chief: SR31.5 billion invested in green hydrogen project
The Saudi National Development Fund (NDF) Governor Abdulaziz Al-Arifi revealed that the NDF and the Saudi Industrial Development Fund, in partnership with local and international financial institutions, have contributed to financing the green hydrogen project, with total investments amounting to SR31.5 billion.
Business
IMF Chief: Attacks on Saudi Arabia could have ‘negative spillover everywhere’
The International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Wednesday that developments in Saudi Arabia potentially have 'negative spillovers for everybody everywhere.'
Business
US inflation rises before midterm elections, fuelling rate hike fears
Economists divided on Fed rate hike as inflation creates uncertainty before US midterm elections in a tense market.