Tag: News

SAMA grants license to Alannaya Al-Yatmania to conduct finance aggregation services

RIYADH: Saudi Central Bank has granted a license to Alannaya Al-Yatmania to conduct finance aggregation services. This involves gathering and consolidating financial data from various sources —...

IndusInd Bank shares rise 3.5% as lender likely hires headhunter to scout for new CEO

Egon Zehnder is likely to be responsible for identifying CEO and deputy CEO candidates, the mandate to find two executive directors and the business...

Saudi PIF ranks 2nd globally for sovereign investor activity in Feb. with $3bn in deals

RIYADH: Saudi Arabia’s Public Investment Fund ranked as the world’s second most active sovereign investor by deal value in February, committing $3 billion in...

Closing Bell: Saudi main index closes in red at 11,706

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Tuesday, as it shed 71.87 points, or 0.61 percen,t to close at 11,706.21.  The total trading...

Goldman Sachs’ top 10 India picks: HDFC Bank, Titan, M&M among key bets

Goldman Sachs chose 10 stocks for its top bets across financials, consumer, industrials, and clean energy sectors, expecting strong growth and good returns. Goldman Sachs...

Riyadh municipality unveils new investment opportunities across key sectors 

JEDDAH: Riyadh has unveiled new investment opportunities for 2025, covering commercial, residential, retail, industrial, and leisure projects to boost the city’s economy and development.  The...

Global borrowing hits $25tn in 2024, raising debt sustainability fears: OECD 

RIYADH: Global borrowing hit a record $25 trillion in 2024, a $10 trillion surge from pre-pandemic levels, sparking concerns over sustainability, a new report...

Saudi Arabia’s PIF at forefront as Gulf wealth funds approach $18tn by 2030

RIYADH: Saudi Arabia’s sovereign wealth fund and five of its regional counterparts are on track to control $18 trillion in assets by 2030, marking...

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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...