Tag: News

Riyadh leads Saudi Arabia’s industrial rental growth with 9.3% jump in Q2 

RIYADH: Riyadh’s industrial and logistics sector recorded an annual rental growth of 9.3 percent in the second quarter of 2025, reinforcing the Saudi capital’s...

RBI imposes Rs 21 lakh penalty on PhonePe for non-compliance with PPI rules

Synopsis The penalty followed the Walmart-owned digital payments firm’s end-of-day balance in its escrow account on certain days falling short of the value of outstanding...

ETtech in-depth: Rapido races to the top, keeping Uber on edge

Synopsis Bengaluru-based mobility company Rapido now has nearly half the share of overall ride-hailing market, with monthly active users at 50 million versus Uber’s 30...

Minute Media acquires video editing software startup VideoVerse

Synopsis Through this acquisition, Minute Media plans to roll out a fully integrated solution for content creation, distribution, and monetisation, further deepening its partnership with...

Closing Bell: Saudi main index declines 0.30% to 10,498 

RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower on Wednesday, losing 31.13 points, or 0.30 percent, to end at 10,498.04.  The total trading turnover of...

IIT-M incubated startup sets up next gen wastewater treatment technology in Erode industries

Synopsis Called as 'Bio-Electrochemical Anaerobic Digestor System (BEADS)', this technology delivers cost savings, energy recovery and carbon reduction for industries which are grappling with the...

Saudi Arabia’s real GDP expands 3.9% in Q2 on non-oil activities: GASTAT

Oil activities led the expansion with a 5.6% increase Non-oil sectors contributed 2.6 percentage points to overall GDP growth RIYADH: Saudi Arabia’s economy expanded 3.9 percent...

GCC banks’ Q2 profits hit record $16.2bn on lending and deposits boom

GCC inflation remained stable in second quarter despite heightened geopolitical risks Year-on-year, all markets posted growth RIYADH: Strong regional fundamentals and a robust project pipeline drove...

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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...