Madinah forum to discuss Islamic finance progress

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Last year’s symposium brought together financial leaders, experts, and representatives from around the world. (File Photo)
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Updated 15 April 2025
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Madinah forum to discuss Islamic finance progress

  • Symposium will explore six main topics and over 20 sub-themes, focusing on Islamic banking’s role in economic development, justice, and sustainability
  • Scientific sessions will cover early foundations, current industry analysis across economies, and regulatory and technological shifts

JEDDAH: Under the patronage of Madinah Gov. Prince Salman bin Sultan, Al-Baraka Islamic Economics Symposium will be held on Wednesday under the theme “Islamic Banking in 50 Years: Achievements of the Past and Hopes for the Future.”

Hosted by Prince Muqrin University’s female campus, the event’s 45th edition will gather ministers, financial leaders, experts, and representatives from more than 15 countries.

The two-day symposium will explore six main topics and over 20 sub-themes, focusing on Islamic banking’s role in economic development, justice, and sustainability.

Scientific sessions will cover early foundations, current industry analysis across economies, and regulatory and technological shifts.

Future-focused discussions will highlight Shariah governance, financing mechanisms, Islamic windows, acquisitions, and the sector’s contribution to sustainable development.

Distinguished individuals and institutions will be honored for advancing Islamic economics in theory and practice.

Abdullah Saleh Kamel, the forum’s chairman, said that since 1981, Al-Baraka has been a key platform for dialogue on Islamic economics.

He said the 50-year milestone offers a chance to reflect and look ahead, reaffirming the commitment to innovation, financial inclusion, and Shariah-compliant progress.

Several cooperation agreements will also be signed, reinforcing the symposium’s role as a hub for intellectual exchange.

A documentary titled “Glimpses of Islamic Banking: From Inception to Contemporary Reality” will be screened, tracing the evolution of Islamic banking and its pioneers.

The symposium will also announce this year’s nomination topics for the Saleh Kamel Award for Islamic Economics, which honors his legacy and supports excellence in research.


What’s the matcha with everyone? The beloved green tea powder hits mainstream in Saudi Arabia

Updated 7 sec ago
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What’s the matcha with everyone? The beloved green tea powder hits mainstream in Saudi Arabia

  • The Japanese tea’s rise in the Kingdom is a cultural shift, one green cup at a time

RIYADH: Once a niche ceremonial tea in Japan, matcha is now gaining mainstream popularity in Saudi Arabia, thanks to a growing interest in wellness trends, evolving taste preferences, and the rise of mindful living.

The data backs the trend. According to a recent report by IMARC Group, Saudi Arabia’s green tea market, which includes matcha, was valued at $140.14 million and is projected to grow to $229.24 million by 2033.

Imports of packaged green tea nearly doubled in value between 2020 and 2023, suggesting a growing appetite for premium, health-focused drinks.

That growing demand is reflected on cafe menus and social media feeds across the Kingdom. Matcha lattes, once limited to specialty coffee shops, are now a fixture at trendy cafes and home kitchens alike.

Whether it’s served iced in sleek glass cups or whisked at home with oat milk, matcha is more than a drink. It’s a mood, a personal statement, and for many, a healthier way to start the day.

In Dammam, 19-year-old Sara Anas remembers her first taste of matcha back in 2019. “My dad likes trying new things,” she said. “It didn’t taste that great at first, but when matcha became popular in 2021, I got excited to try it again from local cafes.”

Now, she drinks it almost daily. “It might sound strange, but I don’t feel like it’s heavy on my body like coffee. It makes me feel more relaxed and gives me energy in a better way.”

Anas is part of a growing demographic. In Riyadh, 26-year-old Amal Al-Mutairi starts every morning with matcha. “I prefer it iced with vanilla milk to make the flavor smoother and lighter,” she said.

For her, the appeal began with reading about its benefits. “It gives me calm energy without the jitters or crash I usually feel after drinking coffee. It also helps me focus for longer periods.”

That calm, focused energy — often described as a “cleaner” caffeine experience — has made matcha especially popular among students and professionals.

For Anas, it’s a campus essential. “It’s a must before classes! It gives me the energy to continue my day at uni,” she said.

But matcha is more than functional. It’s become a lifestyle, embraced for both its wellness claims and its visual charm.

Globally, matcha’s rise is part of a broader wellness boom. Japan’s matcha production rose 185 percent from 2010 to 2023, and demand is now so high that suppliers are warning of shortages. Japan’s top growers have begun limiting exports to meet domestic needs.

Matcha’s health appeal is not just hype. Rich in antioxidants — especially a compound called EGCG — studies suggest it may reduce inflammation, support cardiovascular health, and aid cognitive function.

A recent Saudi study also found that over half of the participants believed matcha could help with weight management and blood sugar balance.

Still, experts note that moderation matters. Excessive matcha consumption may interfere with iron absorption and isn’t recommended for everyone.

The ritual of preparing matcha, especially for those who make it themselves, has become part of a broader shift toward slow, intentional living — something many young Saudis are leaning into.

That ritual is deeply personal for 27-year-old Leen Al-Zamil, who turned matcha from curiosity into a daily indulgence. “I was curious at first and honestly, I hated it so much, but I think (that’s) because it was hot,” she said. “I liked it cold with vanilla syrup and oat milk. I definitely can’t drink it alone.”

Now, she can’t go a day without it. “Sometimes twice or more,” she said. “I like its color … I enjoy every step of making it, and it just tastes so good. It brightens my mood.”

Al-Zamil is not the only one who sees matcha as more than just a drink.

For 28-year-old Mona Abdullah, matcha represents healing. “As someone who suffers from IBS, coffee tends to affect me for a while, whereas matcha provides steady energy without causing any discomfort,” she said. “I’ve stopped drinking coffee for the past three months. I now believe that matcha is a better source of caffeine compared to black coffee.”

Irritable bowel syndrome is a common digestive condition. Many people with IBS find that coffee, with its acidity and high caffeine content, can trigger discomfort, making gentler alternatives like matcha a preferred choice. 

Abdullah drinks it twice a day, iced, and without any added flavors. “Health,” she says, is what made her switch.

Still, matcha’s appeal goes beyond health — it’s also about aesthetics and culture. “I think it’s a mix of everything,” said Al-Mutairi. “The health benefits, the taste, and yes, the aesthetic.”

Anas echoed that idea, noting that people’s motivations vary. “For me, it’s for its health benefits and for the taste. You don’t usually get a healthy drink with a good taste,” she said. “But I think there are a lot of people who drink it just for the aesthetic. You see them adding hundreds of syrups just to say they drink matcha.”

That blend of wellness and image — serious health meets playful branding — has fueled matcha’s surge on social media. With its bright green hue, minimalist packaging, and frequent cameos in cafe selfies, matcha has become the drink of the “soft life” movement, one that prioritizes peace, balance, and pleasure.

“It’s definitely the vibe and the taste,” said Al-Zamil.

In a country where coffee culture runs deep, matcha is not replacing tradition; it’s offering something new: a blend of taste, lifestyle, and personal meaning, one bright green cup at a time.


GCC chief receives newly appointed Omani ambassador to Saudi Arabia

Updated 06 May 2025
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GCC chief receives newly appointed Omani ambassador to Saudi Arabia

Secretary-General of the Gulf Cooperation Council Jasem Mohamed Albudaiwi received Sayyid Najib bin Hilal Al-Busaidi, Oman’s newly appointed ambassador to Saudi Arabia, in Riyadh on Tuesday.

Albudaiwi congratulated Al-Busaidi on his appointment and wished him success in his duties.

The parties discussed various topics and explored ways to enhance bilateral efforts toward “greater integration, solidarity, and interconnectedness.”

They also looked at the latest developments in regional and international arenas.


Riyadh hospital advances breast tumor diagnosis

Updated 06 May 2025
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Riyadh hospital advances breast tumor diagnosis

  • The new CEM-guided approach allows immediate, accurate tissue sampling during the same session, eliminating the need for additional appointments

RIYADH: The King Faisal Specialist Hospital and Research Center in Riyadh has implemented an advanced interventional technique to diagnose breast tumors that conventional imaging cannot detect.

It enables physicians to obtain precise biopsy samples during the same visit, accelerating diagnosis and allowing earlier treatment, the Saudi Press Agency reported.

The shift addresses recent cases where certain breast abnormalities were only visible through contrast-enhanced imaging, leading the hospital to adopt contrast-enhanced mammography as a precise clinical tool.

Previously, the standard protocol required a separate MRI-guided biopsy after initial imaging, often resulting in redundant procedures, greater patient burden, higher costs and treatment delays.

In contrast, the new CEM-guided approach allows immediate, accurate tissue sampling during the same session, eliminating the need for additional appointments.


Saudi crown prince receives phone call from Iraqi PM

Saudi Arabia’s Crown Prince Mohammed bin Salman and Iraqi Prime Minister Mohammed Shia Al-Sudani. (File/SPA/AFP)
Updated 06 May 2025
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Saudi crown prince receives phone call from Iraqi PM

RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call from Iraqi Prime Minister Mohammed Shia Al-Sudani on Tuesday.

During the call, they reviewed relations between their countries and ways to strengthen them in various fields, Saudi Press Agency reported. 


Bangladeshi leader sends letter to Saudi crown prince about bilateral relations

Updated 06 May 2025
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Bangladeshi leader sends letter to Saudi crown prince about bilateral relations

RIYADH: Saudi Crown Prince Mohammed bin Salman received a letter on Tuesday from the head of Bangladesh’s interim government, Muhammad Yunus.

The Bangladeshi ambassador to the Kingdom, Delwar Hossain, presented the letter, which addressed relations between Riyadh and Dhaka, to Deputy Foreign Minister Waleed Al-Khuraiji.

During their meeting in Riyadh on Tuesday, the envoy and the deputy minister discussed ways to strengthen ties between their countries in various sectors.