Tag: 2024

Saudi finance firms lending surges to $26bn in 2024

Finance sector is evolving rapidly, with the emergence of fintech-driven players complementing traditional non-bank lenders RIYADH: Credit provided by finance companies in Saudi Arabia rose to...

Global borrowing hits $25tn in 2024, raising debt sustainability fears: OECD 

RIYADH: Global borrowing hit a record $25 trillion in 2024, a $10 trillion surge from pre-pandemic levels, sparking concerns over sustainability, a new report...

Saudi Arabia’s Tadawul dominates Arab exchanges with 62% market share in 2024

Arab stock exchanges saw strong growth in 2024, with total trading values rising by 58.1% to surpass $1.03 trillion RIYADH: Saudi Arabia’s Tadawul reinforced its...

Saudi Aramco posts $106.2bn profit for 2024

RIYADH: Saudi energy giant Aramco reported a net profit of SR398.42 billion ($106.2 billion) in 2024, despite challenging market conditions, including lower prices for...

Saudi Arabia’s private equity deals soar with $2.8bn in investments in 2024

RIYADH: Saudi Arabia’s private equity market reached $2.8 billion in total investments across 15 transactions in 2024, maintaining its billion-dollar scale despite a slowdown,...

Middle East M&A value surges 52% to reach $29bn in 2024: Bain & Co. 

RIYADH: Saudi Arabia and the UAE led a surge in mergers and acquisitions across the Middle East in 2024, with total deal value reaching $29...

EV sales reach close to two million in 2024; e2Ws post growth of 34%

Industry experts pointed to initiatives such as PM E-Drive, FAME II and reduced import duties as key factors driving the adoption of EVs Total electric vehicle...

Taqa Group reports Dh6.3 billion net income for the first nine months of 2024

Abu Dhabi National Energy Company PJSC (Taqa) on Thursday announced group revenues of Dh41.7 billion, 6.0 per cent higher than the prior year period,...

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50 Billion In Economic Power: Arab Women Are Rewriting the Startup Rules in the Gulf

Across the Gulf, a powerful wave of women entrepreneurs...

How Finhaat Is Bringing Insurance And Wealth Creation To India’s Rural & Semi-Urban Markets

SUMMARY Despite being one of the most promising markets, India’s...

UAE shares end higher as outcome of US-China trade talks awaited

LONDON: Stock markets in the UAE ended higher on Monday,...

Porter’s 10-Year Grind: From Intracity To An INR 2.8K Cr Pan-India Logistics Business

SUMMARY Porter was among the first movers in the hyperlocal...

How Snitch Stitched An INR 500 Cr Revenue Run In 5 Years

SUMMARY Founded in 2019, Snitch is a men-focussed fast-fashion brand...