Tag: News

US tariff escalation puts $22bn of Arab exports at risk, says ESCWA report

RIYADH: Arab countries could see up to $22 billion in non-oil exports affected by sweeping new US tariffs, with six economies facing the most...

Gold crosses Rs 95,000 for the first time: Should you buy, sell or hold?

Your asset allocation, rather than gold price movements, should dictate your investment calls, say financial advisors. They recommend a 10-15 percent allocation to gold...

Saudi Arabia leads GCC fixed income issuances in Q1: Markaz report 

RIYADH: Saudi Arabia dominated the Gulf’s primary debt market in the first quarter of 2025, raising $31.01 billion through 41 bond and sukuk issuances,...

Mortgage securitization can offer Saudi banks funding boost: Fitch  

RIYADH: Saudi banks could unlock additional funding and expand the Kingdom’s debt market by converting home loans into investment products, according to a recent...

E-payments account for 79% of Saudi retail transactions in 2024: SAMA

RIYADH: Electronic payments made up 79 percent of all retail transactions in Saudi Arabia in 2024, up from 70 percent the previous year, according...

GCC banks poised to weather global trade turbulence: S&P report

RIYADH: Despite rising global trade tensions and heightened market volatility, banks across the Gulf Cooperation Council are expected to remain resilient, according to a...

Saudi asset management industry hits $266bn, poised for further growth: Fitch Ratings 

RIYADH: Saudi Arabia’s asset management industry grew by 20 percent year on year in 2024, pushing the sector’s total assets to SR1 trillion ($266...

Gold rates on April 17: Precious metal hits all-time high; here’s how much it costs in your city today

Bullion remains heavily supported by a broadly weaker dollar, uncertainty around tariff announcements and fears about growth slowdown," said Manav Modi from Motilal Oswal...

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UAE loan rates to rise? Escalating Iran-US conflict clouds next interest rate cut

Surging crude prices test central bank plans and household...

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

Bank removes charges on withdrawals and debit card replacements...

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...