Business

UAE, Korea explore expanding strategic cooperation in energy, nuclear power, emerging technologies

Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure (MoEI), received Kim Jung-kwan, Minister of Trade,...

Tech, crypto firms to help tackle illegal wildlife trade

group of leading international technology, ​crypto and other ​businesses on Monday announced plans to ​help stamp out the illegal trade in wildlife. Announcement made as...

When AI access disappears overnight: The 12 sovereign models India is betting on

The idea of "sovereign AI" has often been dismissed as techno-nationalist rhetoric, an idea which is considered expensive, duplicative and largely unnecessary in a...

Investors are growing skeptical of colossal AI-spending plans by tech giants like Meta and Microsoft

Meta and Microsoft's big AI spending plans have investors on edge, and both stocks are lower. Traders are starting to punish companies for capex spending...

SME lending in Saudi Arabia surges past $112bn

RIYADH: Lending to small, medium, and micro enterprises in Saudi Arabia reached a record SR420.7 billion ($112.18 billion) by the end of the second...

Saudi POS transactions hold above $3bn in mid-October 

RIYADH: Saudi Arabia’s point-of-sale transactions remained above the $3 billion mark for the third consecutive week, underscoring the resilience of consumer activity even as...

Riyadh leads Kingdom’s industrial rental growth in first quarter

Warehouse demand in Riyadh is increasingly shifting toward specialized facilities: Knight Frank RIYADH: Strong demand for warehouse space saw occupancy levels reach 98 percent in Riyadh...

Saudi Arabia hits 79% digital transactions in its cash to code journey

SAMA has leveraged its core mandate to position Saudi Arabia as a global fintech hub JEDDAH: Saudi Arabia has achieved a major milestone in its financial...

Productive investment driving Saudi borrowing plans, finance minister tells US conference

RIYADH: Saudi Arabia’s Finance Minister Mohammed Al-Jadaan has reiterated the Kingdom’s commitment to financing strategic, productive investments rather than resorting to tax increases or...

IMF raises Saudi growth forecast to 4% for 2025 and 2026 

RIYADH: The International Monetary Fund has raised Saudi Arabia’s economic growth forecast to 4 percent for both 2025 and 2026.  In its October World Economic...

MENA bond sales jump 20% to record $125.9bn: LSEG data 

RIYADH: Bond issuance in the Middle East and North Africa surged 20 percent year on year in the first nine months of 2025 to...

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UAE, Korea explore expanding strategic cooperation in energy, nuclear power, emerging technologies

Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum...

Tech, crypto firms to help tackle illegal wildlife trade

group of leading international technology, ​crypto and other ​businesses...

When AI access disappears overnight: The 12 sovereign models India is betting on

The idea of "sovereign AI" has often been dismissed...

SEBI board to consider reintroducing open-market window for buybacks tomorrow

A key proposal before the board is to reintroduce...

BMW cuts 2026 profit margin outlook over China slowdown, Middle East costs

German luxury carmaker BMW Group revised down its 2026...