OIC Chief Receives Russian Federation Permanent Observer

Organization of Islamic Cooperation (OIC) Secretary-General Hissein Brahim Taha received in Jeddah on Tuesday the permanent observer of the Russian Federation to the OIC, Ambassador Turko Daudov.

During the meeting at the OIC General Secretariat, th…

IsDB Funds Energy Transformation Programs in Egypt

Jeddah, The Islamic Development Bank (IsDB) financed several energy projects in Egypt, leading to a 14% increase in energy production between 2012 and 2022, representing 94% of Egypt’s energy capacity.

The IsDB also facilitated the addition of nearly…

Qatar Insurance Profits Rise 11 Percent in H1 2024

Doha: The net profits of Qatar Insurance Group (a Qatari public shareholding company) increased by 11 percent in the first half of 2024 to reach QAR 360 million, compared to QAR 325 million for the same period of the previous year.

Data issued by the…

China-Africa trade sees steady growth in Jan-July

BEIJING: China’s trade with Africa reported steady growth in the first seven months of the year, official data showed.

Trade between China and Africa rose 5.5 percent year on year to 1.19 trillion yuan (about US$166.6 billion) during the January-July…

US Consumer Price Index Up 0.2% in July

The US Department of Labor has announced that consumer prices in the United States rose last July.

The ministry explained, in a statement today, that the consumer price index rose last month by 0.2 percent annually after declining by 0.1 percent last…