Tag: News

Economy

Gold climbs as dollar eases, investors eye key inflation data

the financial -
Gold prices rebounded on Wednesday from a more than one-week low hit in the last session, supported by a softer dollar, even as easing...
Business

Indian rupee weakens against UAE dirham

the financial -
The Indian rupee weakened on Wednesday, pressured by strong demand for the U.S. dollar from public sector banks, mostly related to the monthly expiry...
Business

Closing Bell: Saudi main index closes in red despite $3.2bn in trade volume 

the financial -
RIYADH: Saudi Arabia’s Tadawul All Share Index dropped by 0.65 percent or 77.18 points to settle at 11,787.72 points on Monday.     The total trading turnover of the benchmark index was SR12.2 billion...
Crypto

Bitcoin tops $98,000, closes in on $100,000

the financial -
Bitcoin continued its unprecedented rise on Thursday as the world’s largest cryptocurrency topped $98,000 for the first time during European trading. Bitcoin soared to a...
Business

Saudi Arabia’s non-oil exports surge 16.8% in Q3: GASTAT 

the financial -
RIYADH: Saudi Arabia’s non-oil exports reached SR79.48 billion ($21.17 billion) in the third quarter of 2024, a rise of 16.76 percent compared to the same...
Banking

UAE banks record highest return on equity in the GCC

the financial -
UAE-listed banks once again topped the GCC with the highest return on equity(RoE) at the end of the third quarter of 2024 at 16.8...
Economy

Indian rupee rises against UAE dirham, highest since two weeks

the financial -
The Indian rupee rose its strongest level on in over two weeks on Monday, boosted by gains in regional peers and likely dollar inflows...
Business

Saudi stock market rises to 7th globally in size, says CMA chief

the financial -
JEDDAH: The Saudi stock market has experienced significant growth, now ranking seventh globally and showcasing the resilience of the real economy, according to Mohammed...
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Banking

UAE loan rates to rise? Escalating Iran-US conflict clouds next interest rate cut

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Surging crude prices test central bank plans and household...
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Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

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Bank removes charges on withdrawals and debit card replacements...
Business

Global Markets: Stocks set for tough week, oil eyes strong gains as Middle East war rages

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Oil prices set for largest weekly rise since Russia’s...
Business

Saudi POS spending rises 4.5% to $3.8bn in late February: SAMA

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RIYADH: Saudi Arabia’s point-of-sale spending rose 4.5 percent to SR14.5 billion ($3.8 billion)...
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