Tag: News

Saudi riyal symbol: strategic step toward global financial standing

New symbol signals Kingdom’s commitment to align its financial practices with international standards JEDDAH: Saudi Arabia’s unveiling of a new symbol for the riyal has been...

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,...

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DMCC plans new wealth tool for family offices and investors

DMCC is preparing to introduce a Foundations framework in...

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...