Tag: News

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...

UPI Autopay soars to new heights blazing past card transactions in recurring payments

The share of cards in recurring payments went down from 42 percent in January 2024 to 31 percent this yearUPI Autopay, the recurring digital...

Closing Bell: Saudi main index closes in red at 12,317

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Wednesday, losing 16.08 points, or 0.13 percent, to close at 12,317.59. The total trading turnover of the...

India may hike GST on cigarettes, tobacco products after compensation cess ends: Report

Currently, cigarettes and tobacco products attract a 28 percent GST, in addition to a compensation cess and other levies, taking the total indirect tax...

Jeddah conference highlights Saudi-French archaeological discoveries on Farasan Islands

JEDDAH: French archaeologist and researcher Solene Marion de Proce hosted a conference titled “The Saudi-French Archaeological Project in the Farasan Islands: Past and Present”...

Saudi fintech lite secures $3.2m in pre-seed funding

Saudi-based fintech startup lite has announced the successful closure of its pre-seed funding round, raising a total of $3.2 million. The round was led by Scene...

Saudi Arabia unveils $7.7bn mining investments in Wa’ad Al-Shamal

RIYADH: Saudi Arabia’s mining sector is poised for a major boost with nearly SR29 billion ($7.7 billion) in investments being directed toward the city...

Are Bengaluru’s Fintech Unicorns Too Good to be True? Inside the Startup City Frenzy

Bengaluru, long hailed as the Silicon Valley of India, is now the beating heart of a fintech revolution. With a vibrant ecosystem that 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...