Tag: News

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...

Saudi Arabia’s private equity deals soar with $2.8bn in investments in 2024

RIYADH: Saudi Arabia’s private equity market reached $2.8 billion in total investments across 15 transactions in 2024, maintaining its billion-dollar scale despite a slowdown,...

MENA startups funding reaches almost $500m a month: report 

RIYADH: Investment in Middle East and North Africa startups surged nearly fivefold in February, with funding reaching $494 million across 58 deals, according to...

Saudi banks’ aggregate profit reaches $2.2bn: SAMA 

RIYADH: Saudi banks posted strong financial results in January, with aggregate profits rising 16 percent year on year to SR8.14 billion ($2.17 billion), according...

Pharma, IT stocks tumble up to 4% as Trump tariffs take effect

Tariffs are expected to make investors move away from export-sensitive stocks, including IT and pharma The shares of pharma and IT companies tumbled on March...

Is Bengaluru’s Fintech Ecosystem Really the Next Silicon Valley, or Just Another Startup Mirage?

Bengaluru, the buzzing heart of India’s tech industry, has quickly become one of the world’s most talked-about fintech hubs. Home to major players like...

Tata Motors, Tata Investment shares rise upto 3% amid buzz over Tata Capital eyeing $11 bn valuation

Tata Motors holds a nearly 4 percent stake in Tata Capital, while Tata Investment Corporation owns around 2 percent of the equity. Shares of Tata...

Over 1,300 Saudi industrial licenses awarded in 2024, attracting $13.3bn investment, latest figures show

JEDDAH: More than 44,000 new jobs are expected in Saudi Arabia after the Kingdom issued 1,346 industry licenses in 2024, an official report has...

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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...