Tag: News

UPI’s share in India’s digital payments surged to 83%: RBI reports

The share of the Unified Payments Interface (UPI) in India’s digital payments has surged from 34 per cent in 2019 to an impressive 83...

Markets open lower on FII selling, Trump’s tariff threats 

The Sensex opened lower at 75,700.43 compared to its previous close of 76,190.46 and is currently trading at 75,891.75, down by 298.71 points or...

Global sustainable bond issuance to reach $1tn in 2025: Moody’s

Impending maturity wave is set to escalate, signifying additional refinancing requirements alongside regular issuance goals Moody’s said ESG risks this year will be influenced by...

Saudi Arabia’s holdings in US treasuries at $135.6bn in November

Kingdom’s holdings in US treasuries increased by 5.85 percent in November compared to the same month in 2023 Saudi Arabia is only GCC country to...

Saudi banks’ money supply hits $786bn, time and savings deposits share at 15-year high

RIYADH: Saudi banks money supply reached SR2.95 trillion ($785.51 billion) in November, marking a 10.3 percent rise compared to the same month last year, according...

Saudi foreign minister to lead Kingdom’s delegation at World Economic Forum in Davos 

This year’s forum, held under the theme of “Collaboration for the Intelligent Age,” takes place amid significant geopolitical tensions LONDON: Foreign minister Prince Faisal bin Farhan...

Fintech sector transformation accelerating thanks to Vision 2030 reforms, analysts confirm

JEDDAH: Reforms across Saudi Arabia’s financial landscape have significantly transformed the sector, driven by the Financial Sector Development Program, experts have told Arab News. One...

Markets open higher on global tech rally, Trump’s softer tariff stance 

Equity markets opened higher on Wednesday, tracking positive global cues after U.S. President Donald Trump’s indication of lower-than-expected tariffs on Chinese imports and renewed...

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Sharjah Islamic Bank approves 20% cash dividend

Abdul Rahman Al Owais, Chairman of the Board of...

Saudi Aramco 2025 net profit falls 12%

Saudi Aramco reported a decline in full-year 2025 net...

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...