Tag: KSA

Saudi industrial output jumps 7.9% in June on manufacturing gains

Mining and quarrying, which include crude oil production, increased 6% annually Index of oil activities advanced 7.7% year on year in June RIYADH: Saudi Arabia’s industrial...

Aramco posts $22.67bn Q2 profit amid market volatility 

RIYADH: Saudi Aramco reported a net profit of SR85 billion ($22.67 billion) for the second quarter of 2025, underscoring its operational strength and financial...

Saudi Arabia tops GCC debt market with $47.9bn in H1 issuances: Markaz 

RIYADH: Saudi Arabia led the Gulf region’s primary debt market in the first half of 2025, raising $47.93 billion through 71 bond and sukuk...

Can Riyadh’s $60 Billion Green Finance Push Save Saudi Arabia’s Future?

As the world races to confront climate change, Saudi Arabia is staking its claim not only as an oil powerhouse but also as a...

Saudi economy grows 3.9% in Q2, driven by non-oil activity

Growth in non-oil activities reached 4.7% Non-oil sector contributed largest share to GDP growth, adding 2.7 percentage points RIYADH: Saudi Arabia’s economy expanded by 3.9 percent...

Education spending drives Saudi POS transactions to $3.16bn 

Education sector recorded SR111.18 million in transaction value Overall POS transactions across all sectors declined 2.9% to 206.46 million RIYADH: Education spending in Saudi Arabia increased...

Saudi Arabia tops MENA private equity activity in H1: MAGNiTT 

RIYADH: Saudi Arabia emerged as the most active private equity market in the Middle East and North Africa during the first half of 2025,...

$120 Billion in DeFi Locked Up — Is This the Future of Finance or a Disaster Waiting to Happen?

In 2025, Decentralized Finance (DeFi) is no longer just a crypto buzzword — it’s a full-blown financial movement. With over $120 billion in Total...

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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...