Tag: News

Closing Bell: Saudi main index closes in green at 11,434 

RIYADH: Saudi Arabia’s Tadawul All Share Index extended its upward momentum for a second straight day, gaining 11.13 points, or 0.10 percent, to close...

BMW Ventures refiles draft papers to raise funds via IPO for debt reduction

BMW Ventures IPO will consist of entirely fresh issue of 2.34 crore equity shares with no offer-for-sale component. Long and flat steel products distributor...

Saudi fintech startup Nqoodlet secures $3m in seed funding

RIYADH: Saudi fintech firm Nqoodlet has announced the successful closure of a $3 million seed funding round aimed at accelerating its mission to streamline...

Top financial changes in May: ATM fees up, home loan rates down and ITR filing tips

Key money changes in May: Some private banks might announce rate cuts on home loans for existing and new borrowers. Also, banks are hiking...

Saudi POS spending hits $3bn, fueled by jewelry sales

RIYADH: Jewelry spending in Saudi Arabia hit SR320.7 million ($85.4 million) between April 20 and 26, marking a weekly rise of 18.2 percent, according...

What small taxpayers must know about TDS and contract payments to stay penalty-free

Small taxpayers must carefully follow TDS rules on rent and contract payments to avoid late fees, interest, and disallowance of expenses.Tax Deducted at Source...

India’s private capex likely rose 66% between FY22 and FY25 to Rs 6.56 lakh cr, likely to taper in FY26

Capex from private sector is expected to taper off in the current fiscal to Rs 4.9 lakh crore, but will still remain higher than...

Saudi banks weathering external debt surge amid Vision 2030 push: S&P report

RIYADH: Saudi Arabia’s banking sector is set to absorb a rise in external debt, driven by increasing financing demands under the Kingdom’s Vision 2030...

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Global Markets: Stocks set for tough week, oil eyes strong gains as Middle East war rages

Oil prices set for largest weekly rise since Russia’s...

Saudi POS spending rises 4.5% to $3.8bn in late February: SAMA

RIYADH: Saudi Arabia’s point-of-sale spending rose 4.5 percent to SR14.5 billion ($3.8 billion)...

When AI Speaks for Your Brand, Who Owns the Trust

Trust Has Become a Strategic Asset In 2026, the question...

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...