Tag: growth

Saudi Arabia’s non-oil sector growth continues in April as PMI hits 55.6

RIYADH: Saudi Arabia’s non-oil private sector continued to expand in April, with the Riyad Bank Purchasing Managers’ Index reaching 55.6, indicating sustained growth in...

Saudi retailer Cenomi Centers explores new financing options to fund further growth

RIYADH: Saudi developer Cenomi Centers is exploring additional financing options to support future growth opportunities that are expected to follow after the opening of its...

Saudi-UK aviation ties set for growth amid investment push

JEDDAH: Saudi Arabia aims to strengthen aviation ties with the UK as officials from both countries met to boost investment and collaboration, amid the...

UAE, Saudi Arabia forecasted for strong credit growth in 2025: Report

The increase will be supported by continued expansion in the non-oil sector Saudi Arabia and the UAE are expected to post strong credit growth next year...

IMF predicts slightly slower global growth in 2024 and 2025

Global growth is expected to ease slightly to 3.2 percent this year and remain at that level in 2025, the IMF announced Tuesday, while...

The Crucial Role of Marketing: Why It Deserves a Seat at the Table

In my over 16 years of experience in marketing, one recurring challenge has been the gap in understanding between marketing professionals and the boardroom....

Dubai Islamic Bank Q1 2024 pre-tax net profit hits Dh1.85 billion, a robust growth of 22% YoY

Dubai Islamic Bank announced on Monday that its first quarter profit rose 22 per cent year-on-year (YoY) to reach Dh1.85 billion. Total income reached to...

World Bank raises forecast for UAE’s real GDP growth to 3.9% in 2024; 4.1% in 2025

The World Bank has raised its forecast for the UAE’s real GDP growth to 3.9 per cent in 2024, compared to its previous forecast...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...