Tag: News

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...

AMCs likely to see decline in equity AUMs on QoQ basis amid market correction

AMCs are expected to see a sharp sequential decline in equity AUMs for Q4 due to market corrections, with mid- and small-cap-focused schemes hit...

All is well? Days after derivatives loss, IndusInd Bank raises Rs 11,000 crore CDs to boost liquidity

The new liquidity measure comes days after the Reserve Bank of India said that the country’s fifth largest private bank has satisfactory level of...

Saudi Arabia raises $704m through sukuk issuances in March 

Issuance divided into four tranches, with first one valued at SR364 million and set to mature in 2027 Latest riyal-denominated offering follows an SR3.07 billion...

First Tick: Here are the top global cues for today’s trade

The Foreign institutional investors (FIIs) sold equities worth Rs 1096 crore on March 19, while Domestic institutional investors (DIIs) purchased equities of Rs 2140...

Saudi Arabia dominates Forbes’ 2025 list of MENA’s most valuable banks

Financial institutions from the Kingdom made up nearly a third of the total $600.8 billion market capitalization of the listed banks Al-Rajhi Bank retained its...

UK’s Prudential Plc announces health insurance JV with HCL Group

Amar Joshi, an industry veteran, will be leading the JV entity. UK’s Prudential Plc announced a health insurance joint venture with India-based HCL Group on...

How Saudi banks’ solid risk management counters liquidity pressures 

Banks maintained profitability despite rising funding costs, fueled by intensified deposit competition and increased reliance on external borrowing Alvarez & Marsal highlighted strong credit quality...

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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...