Tag: News

Saudi CMA seeks feedback on foreign investment and market access reforms

RIYADH: Saudi Arabia’s Capital Market Authority is seeking to attract more foreign investments and improve market accessibility by inviting feedback on proposed amendments to...

UAE’s Lulu Retail Q3 net profit at $35.1mln on strong sales across markets

Lulu Retail Holdings posted its Q3 net profit at $35.1 million, up 126% year-on-year (YoY).   The UAE-based hypermarket chain operator which earlier this month...

Saudi local content projects valued at $213bn by Q3 2024, says Alkhorayef

JEDDAH: The value of projects under Saudi Arabia’s local content initiatives has reached approximately SR800 billion ($213 billion) by the third quarter of 2024,...

Indian rupee hits new all-time low against UAE dirham

The Indian rupee weakened to its all-time low on Thursday, pressured by likely foreign outflows from local stocks and renewed strength in the dollar...

Saudi Arabia raises $910m in November sukuk offering 

RIYADH: Saudi Arabia’s National Debt Management Center has completed its riyal-denominated sukuk issuance for November, raising SR3.41 billion ($910 million), a 28.19 percent year-on-year...

Bargains or bait? UAE Black Friday shoppers warned of digital dangers

According to recent reports, URL detections in the UAE have risen by 36.5 per cent, increasing from an average of 17.05 per cent in...

UAE to become one of world’s biggest gold trade hubs after surpassing UK

The UAE is becoming one of the most important hubs for gold trade in the coming years, a recent report by the DMCC revealed. This...

Saudi Arabia, Tunisia sign deal to boost bilateral investments

Deal focuses on sharing regulations and laws to enhance investment environment in both countries Talks covered several sectors of mutual interest, including industry, transport, and...

Don't miss

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...

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

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

When AI Speaks for Your Brand, Who Owns the Trust

Trust Has Become a Strategic Asset In 2026, the question...