Tag: News

Saudi PIF to offer 2% of Saudi Telecom Co. shares to investors

Goldman Sachs Saudi Arabia and SNB Capital are acting as joint global coordinators and bookrunners for PIF Remaining shares held by PIF represent 62% of...

Saudi National Housing Co. signs 21 new deals on Cityscape’s 2nd day

Agreements also included partnerships with leading global companies in the manufacture of electrical appliances REDF signed four MoUs at the event to strengthen partnerships in...

Closing Bell: Saudi Arabia’s TASI closes in red, down 0.97%

MSCI Tadawul 30 Index declined 15.60 points to close at 1,500.54 points Parallel market Nomu closed the day at 29,205.53 points, reflecting an increase of 95.12 points RIYADH: The...

GCC banks to remain resilient in 2025 despite anticipated rate cuts: S&P Global

S&P Global predicts a manageable impact on bank margins GCC banking sector’s strong efficiency provides solid foundation for continued growth and resilience through 2025 RIYADH: Banks...

Saudi NHC closes $532m in sales, reveals new projects at Cityscape Global

NHC announced three major new developments that reflect its commitment to sustainable urban growth Ministry of Interior and Ministry of Municipal and Rural Affairs and...

COP29: World leaders urged to close $359bn adaptation finance gap by UN Secretary-General

Antonio Guterres stressed the need for a significant increase in concessional finance He called on wealthier nations to prioritize this support, especially for communities struggling...

Dubai’s Salik reports Dh822-million net profit in 9 months; revenue from fines hits Dh174.8 million

Dubai's toll operator Salik Company PJSC has reported a profit of Dh822 million in the third quarter of the year. The company reported the highest...

Dubai GDP grows 3.3% in second quarter

Dubai’s gross domestic product (GDP) for the second quarter of 2024 grew 3.3 per cent year-on-year to reach Dh116 billion, data showed on Sunday. The...

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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...