Tag: News

Saudi Arabia’s Social Development Bank grants $1.73bn in financing by Q3 

RIYADH: Saudi Arabia’s Social Development Bank disbursed SR6.5 billion ($1.73 billion) in financing in the first nine months of 2025, benefiting over 90,000 citizens...

GCC central banks’ foreign assets climb 6.3% to $762bn  

RIYADH: Foreign assets of Gulf central banks grew by 6.3 percent in 2024 to reach $761.9 billion, supported mainly by higher reserves in the...

Donatuz launches AI-led monetisation platform for creators

Synopsis This comes at a time when the creator economy in India is booming. The AI-powered monetisation platform for content creators has onboarded 70 creators....

Saudi inflation edges up to 2.3% in August, rents remain the key driver 

RIYADH: Saudi Arabia’s annual inflation rate ticked up to 2.3 percent in August from 2.1 percent in July, with housing rents continuing to do...

Closing Bell: Saudi main index slips to 10,433

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Sunday, losing 19.08 points, or 0.18 percent, to close at 10,433.98. The total trading turnover of...

Driven by AI, edtech funding rebounds with 5X surge in H1 2025

Synopsis Venture capital firms are actively seeking solutions built for learners beyond tier-1 cities that are affordable, outcome-focused and aimed at delivering real impact, said...

Startup Wrap — Saudi Arabia leads MENA startup funding in August

Kingdom led the region for the second consecutive month, attracting $166 million across 19 deals RIYADH: Startup funding across the Middle East and North Africa...

Saudi banks’ July profit rises 7% to $2.2 billion  

RIYADH: Saudi banks’ aggregate profit before zakat and tax reached SR8.24 billion ($2.2 billion) in July, marking a 7 percent increase compared to the...

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Billionaire Deepinder Goyal raises $54 million for his new wearable startup Temple

Weeks after stepping down as Group CEO of Zomato...

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

Analysts believe that investors will be gravitated towards defensive...

Saudi Exchange shows resilience on Aramco shares, defying regional trend

RIYADH: Saudi Arabia’s Tadawul All Share Index showed signs...

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...