Market News

G42 and Microsoft Collaboration: Accelerating UAE’s Digital Transformation

In a significant development that promises to accelerate digital transformation in the United Arab Emirates (UAE), tech giants G42 and Microsoft have announced a groundbreaking partnership. The collaboration aims to deliver a joint sovereign cloud and Artificial Intelligence (AI) offering tailored for the UAE’s public sector and regulated industries. His Excellency Dr. Mohamed Al Kuwaiti, …

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PSX Wins Best Islamic Stock Exchange Award 2022

PSX wins best Islamic stock exchange award 2022

The Pakistan Stock Exchange (PSX) won the Best Islamic Stock Exchange Award 2022, presented by Global Islamic Finance Awards (GIFA) this year. GIFA – Global Islamic Finance Awards The GIFA is an internationally recognized platform in banking and finance in the Islamic world. Moreover, GIFA is the only global Islamic finance awards program targeting all …

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Adobe to Acquire One of Its Biggest Rivals, Figma for $20 Billion

Adobe to Acquire Figma for $20Billion

Adobe and Figma officially announced on their website that they have entered into a definitive merger agreement for around $20 billion worth of cash and stock. Dylan Field, the CEO of Figma, stated that they had been working on this decision over the past few months before finally announcing it on Figma’s website.  The acquisition …

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Saudi Arabia Discovered New Gold and Copper Ore Sites in Medina

New Gold & Copper Ore Sites in Madinah

Mining is one of the sectors projected for expansion as part of the goal of Saudi Arabia’s Crown Prince Mohammed bin Salman’s 2030 vision. According to Professor Abdulaziz bin Labon, Chairman of the Saudi Geologists Cooperative Association, Saudi Arabia had over 5,300 mineral locations early this year. Saudi plans to attract $170 billion in investment …

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Queen Elizabeth II, Britain’s Longest Monarch, Died on September 8, 2022, Aged 96

Queen Elizabeth reigned for 70 years, making her the longest-serving British monarch. She was the longest reigning monarch in British history. Her reign lasted nearly 30% of American history and met 13 of the last 14 presidents. She lived through numerous periods of conflict, from World War II to Brexit. The 96-year-old Queen ascended the …

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Know 4 Things Elon Musk Plans to Change after Buying Twitter

After buying Twitter, Elon Musk planed to change several aspects on Twitter. On Monday, April 25, 2022, Twitter accepted a $44 billion acquisition bid by Elon Musk, the billionaire CEO of Tesla and SpaceX. After getting some criticism, Twitter finally accepted the deal offered by Elon Musk. Why did Twitter finally accept the deal? Musk …

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For the First Time in History, Netflix Lost Its 200,000 Subscribers

For the First Time in History, Netflix Lost Its 200,000 Subscribers

For the first time in history, on April 19, 2022, Netflix lost its 200,000 worldwide subscribers, resulting in a massive sell-off of its stock. For this reason, Netflix stock fell by 23% in after-market trading. Instead of adding over 2 million subscribers in the first quarter of the year, as forecasted three months ago, Netflix …

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The Best Islamic Finance Degrees for You

Islamic Finance degrees are a great chance for you to implement a Shariah-based perspective into your pre-existent conventional finance knowledge. Getting Islamic Finance qualifications will help you to integrate Shariah principles in the business and insurance sectors, as well as broaden your subject knowledge. However, knowing exactly what kind of qualification you want to acquire …

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Russia and Ukraine Conflict: Its Impact on Markets and Investors

The markets became volatile after the news of the war between Russia and Ukraine. Investors have become very anxious about the geopolitical conflicts happening between Ukraine and Russia and how it affects the market. The conflict has changed the value of mutual funds and exchange-traded funds, even for people who have never invested directly in …

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Decentralized Finance: The Next Game of the Islamic Finance Industry

Decentralized finance or DeFi is an emerging digital financial infrastructure that might become a new playground for the Islamic finance industry. DeFi products enable financial services accessible to anyone with an internet connection, and the users are mainly the owner of those financial transactions. Theoretically, DeFi eliminates the approval requirements from the central bank or …

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