Tag: News

Saudi e-commerce sales soar 45% in January, surpassing $5.5bn

Transaction volumes jumped 33.65% to 111.42 million Spending on miscellaneous goods and services made up 12%, or SR7.07 billion RIYADH: Saudi Arabia’s e-commerce sales using Mada...

Zomato shareholders approve renaming the company to Eternal

Zomato’s name change applies to the corporate entity, not the brand or app Food tech major Zomato's shareholders have approved a resolution to change...

Corporate activities drive Saudi bank loans to highest growth rate in 18 months

Corporate lending dominated the sector, making up around 54 percent RIYADH: Saudi bank loans reached SR2.82 trillion ($753.27 billion) in August, representing an annual growth...

Saudi Arabia’s Tadawul dominates Arab exchanges with 62% market share in 2024

Arab stock exchanges saw strong growth in 2024, with total trading values rising by 58.1% to surpass $1.03 trillion RIYADH: Saudi Arabia’s Tadawul reinforced its...

Where the stock market goes, the US economy will follow

America’s wealthiest households are driving economic growth, thanks to their investing gainsA stock market decline of 20% or more would erode the spending power...

Saudi Aramco posts $106.2bn profit for 2024

RIYADH: Saudi energy giant Aramco reported a net profit of SR398.42 billion ($106.2 billion) in 2024, despite challenging market conditions, including lower prices for...

Secured Loan Explained: How it works and other key details

A loan is a financial tool that allows individuals or businesses to borrow money for various needs, such as buying a home, funding education,...

No More Foreclosure Charges? Check RBI’s Proposal on Floating-Rate Loans

The Reserve Bank of India (RBI) has proposed a major relief for borrowers by scrapping foreclosure charges on floating-rate loans taken by individuals for...

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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...