Tag: News

Saudi Arabia’s non-oil economy to grow 4.4% in 2025: PwC

Kingdom’s non-oil economy expanded by 3.8% in first half of 2024 Saudi Arabia is aligning its economic diversification efforts with sustainability goals RIYADH: Saudi Arabia’s non-oil...

Saudi Arabia’s demand for apartments pushes new mortgages over $16bn

RIYADH: Banks in Saudi Arabia granted SR60.92 billion ($16.24 billion) in residential mortgages in the first nine months of 2024, an annual rise of 4.88...

Saudi Arabia’s official reserves reach $457bn, up 4%

RIYADH: Saudi Arabia’s official reserve assets reached SR1.71 trillion ($456.97 billion) in September, marking a 4 percent increase year-on-year, according to new data. Figures released by...

Saudi PIF raises over $1bn with 2% stc stake sale 

Following the sale, PIF retains a 62 percent ownership in stc, equivalent to 3.1 billion shares The sale aligns with PIF’s broader strategy to recycle...

UAE: Etihad records Dh1.4-billion net profit in 9 months of 2024

Etihad Airways recorded a Dh 1.4 billion profit after tax during a nine-month period this year, the airline said as it announced its financial...

Mizuho to launch Saudi ETF with sovereign fund PIF

TOKYO: Japan’s Mizuho Financial Group is partnering with Saudi Arabia’s Public Investment Fund to create a Tokyo-listed exchange-traded fund featuring Saudi shares, providing retail...

Taqa Group reports Dh6.3 billion net income for the first nine months of 2024

Abu Dhabi National Energy Company PJSC (Taqa) on Thursday announced group revenues of Dh41.7 billion, 6.0 per cent higher than the prior year period,...

Dubai: Traditional banking ‘no longer valid’ as customers now want seamless transactions, says expert

It is not the era of competition but cooperation among banks, fintech and other industry players, a senior industry executive said on Wednesday. Speaking at...

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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...