Tag: News

Saudi finance firms lending surges to $26bn in 2024

Finance sector is evolving rapidly, with the emergence of fintech-driven players complementing traditional non-bank lenders RIYADH: Credit provided by finance companies in Saudi Arabia rose to...

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...

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Minister of Industry Meets with Korean Minister of Trade

Minister of Industry and Mineral Resources Bandar Alkhorayef met...

IN-SPACe picks Astrobase, SatSure and TM2SPACE as first recipients of Technology Adoption Fund

The Indian National Space Promotion and Authorisation Centre, on...

Abu Dhabi Customs showcases ‘Invisible Customs’ project at WCO workshop

At the invitation of the World Customs Organization (WCO),...

World Cup expected to be the biggest betting event in history

The Fifa Men's World Cup is set to be...

Bitcoin On Ethereum? Circle Launches cirBTC on ETH Targeting $9B WBTC Market

Bitcoin News: Circle has launched cirBTC, a 1:1 BTC-backed...