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...

Emerging markets driving global growth despite rising risks: Saudi finance minister 

RIYADH: Emerging markets now account for a growing share of global output and are driving the bulk of world economic expansion, Saudi Arabia’s finance...

Saudi stocks rebalance after Kingdom opens market to global investors

Foreign access reforms trigger short-term volatility while underlying market fundamentals hold RIYADH: Saudi Arabia’s stock market experienced a volatile first week following a landmark decision...

Saudi POS spending jumps 28% in final week of Jan: SAMA

RIYADH: Saudi Arabia’s point-of-sale spending climbed sharply in the final week of January, rising nearly 28 percent from the previous week as consumer outlays increased across almost all sectors.  POS transactions reached SR16 billion ($4.27 billion)...

Foreign buying of Saudi stocks hits $1.33bn ahead of Feb rule change 

RIYADH: Foreign investors made net purchases of around SR5 billion ($1.33 billion) in Saudi stocks during January, coinciding with the announcement that the market...

ADCB profit jumps 22% in 2025 as assets climb to Dh774b, dividend proposed

Abu Dhabi lender posts Dh11.45b profit as loans, deposits, and revenues riseDubai: Abu Dhabi Commercial Bank reported a net profit after tax of Dh11.445...

UAE gold jewellery demand plummets 15% in 2025 due to record-high prices

The opposite was true of demand measured in value terms, with all markets seeing an increase as the higher gold price more than offset...

Indian rupee hits record low, RBI steps in to avert fall past 92 per dollar

Expectations of the rupee depreciating further are also compounding the strain on India's interest rate swaps market The Indian rupee hit a record low against...

FDI in Saudi Arabia up 10%, hits $280bn: SAMA

RIYADH: Foreign direct investments in Saudi Arabia reached SR1.05 trillion ($280 billion) by the end of the third quarter of 2025 in what was a...

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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...