Tag: KSA

Saudi commercial bank profits jump 16% in April, topping $2bn before zakat, tax

Year-to-date earnings reached SR32.97 billion, an annual rise of 20% Banks getting balance sheets ready for next investment wave RIYADH: Saudi Arabia’s banking sector extended its...

Closing Bell: Saudi main index closes in red at 10,825 

MSCI Tadawul Index decreased 21.69 points to close at 1,382.11 Parallel market Nomu lost 140.52 points to end at 26,669.23 RIYADH: Saudi Arabia’s Tadawul All Share...

Saudi Aramco could tap debt markets again after $5bn bond sale

DUBAI: Saudi Aramco has published a new prospectus for its issuance program of Islamic bonds or sukuk, signalling the state oil major may soon...

Closing Bell: Saudi main index closes in red at 10,990 

Parallel market Nomu dropped 123.20 points to close at 26,809.75 MSCI Tadawul Index declined by 0.70 percent to 1,403.80 RIYADH: Saudi Arabia’s Tadawul All Share Index...

MENA tech startups close significant funding rounds

Strategic investments boost investor confidence in startup landscape RIYADH: A series of significant funding rounds and strategic investments have bolstered the Middle East and North Africa...

Saudi Arabia holds many ‘promising investment opportunities’ for Chinese investors, says finance minister  

Mohammed Al-Jadaan emphasized the significance of both countries’ roles in the global economy Discussions included areas such as tax policy, capital markets, and banking regulations RIYADH:...

Saudi EXIM Bank targets African markets with 4 new MoUs 

Deals come as Saudi exports to Africa surged 20.6% year on year to SR7.84 billion in March Saudi delegation held in-depth discussions with leaders of...

Saudi startup Ejari plans to scale as demand grows

Rent-now, pay-later platform to build full-service real estate ‘super app’ RIYADH: Property tech startup Ejari aims to build a full-service real estate “super app” as it...

Don't miss

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...

Zee Invests In Content Startup Bullet To Enter Microdrama Universe

SUMMARY Zee Entertainment is investing in content startup Bullet to...

Non-oil sector drives Saudi Arabia’s GDP growth to 3.4% in Q1: GASTAT 

Wholesale and retail trade, restaurants, and hotels lead at...

This startup aims to replace Rs 4,000/month AI tools with AI agents you can hire like freelancers

In the last two years, artificial intelligence has become...