Finance

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...

Dubai Investments’ annual profit jumps 31% as diversified portfolio lifts earnings

Group’s total assets grew to Dh23.28 billion by the end of 2025, compared with Dh22.10 billion a year earlier. Equity attributable to shareholders also...

Saudi Arabia’s US Treasury holdings rise over 6% to $134.8bn in January

RIYADH: Saudi Arabia’s holdings of US Treasuries rose 6.22 percent from a year earlier to $134.8 billion in January, even as they declined from the...

Dubai’s endowment assets reach $3.68bln

The Endowment and Minors’ Trust Foundation in Dubai (Awqaf Dubai) announced that the total value of endowment assets in Dubai reached AED13.5 billion in...

Saudi stocks plunge, other GCC markets set to open in negative territory

Analysts believe that investors will be gravitated towards defensive stocks with stable dividend yields until regional geopolitical situation stabilisesSaudi Arabia’s stock markets plunged on...

Saudi Arabia, UAE, Malaysia lead Islamic fintech as market eyes $341bn: report

JEDDAH: Saudi Arabia, Malaysia and the UAE are leading global Islamic fintech development as transaction volumes are projected to reach $341 billion by 2029,...

Saudi Arabia’s foreign reserves rise to a 6-year high of $475bn

RIYADH: Saudi Arabia’s foreign reserves climbed 3 percent month on month in January to SR1.78 trillion, up SR58.7 billion ($15.6 billion) from December and...

Middle East sustainable bond issuance to hit $25bn in 2026: S&P Global

RIYADH: The market appetite for sustainable bonds in the Middle East region bucked global trends in 2025, and issuances are on track to reach...

Fiscal discipline critical as high interest rates persist: Saudi finance minister  

RIYADH: Saudi Arabia’s finance minister warned that both advanced and emerging economies risk long-term instability if governments rely on borrowing and optimistic assumptions instead of...

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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...