Tag: News

Saudi GDP grows 2.8% in Q3 amid strong non-oil expansion: GASTAT 

RIYADH: Saudi Arabia’s real gross domestic product rose by 2.8 percent in the third quarter of this year compared to the same period in...

Saudi economy minister highlights multiple factors reshaping investment landscape at FII8

RIYADH: The ongoing energy transition, the rise of artificial intelligence, and geopolitical tensions are reshaping the global investment landscape, according to a top minister.  Speaking...

Aramco, Taulia, SIDF join forces for key supply chain financing solution

Aramco, a global leader in integrated energy and chemicals companies based in Saudi Arabia, and Taulia, a SAP company and leading FinTech provider of...

ACWA Power signs over $1.78bln of deals in renewable energy, battery projects

ACWA Power has signed agreements worth over $1.78 billion covering renewable energy, battery storage, and research and development across Gulf countries, China, central Asia,...

Saudi Arabia exceeds HQ target with 540 international firms in Riyadh, says Al-Falih

RIYADH: Saudi Arabia attracted 540 international companies to establish their regional headquarters in Riyadh, ahead of a 2030 target of 500, according to Khalid...

Du’s profits rise 49.7% to Dh1.9 billion in 9 months

Emirates Integrated Telecommunications Company PJSC (du), announced today its financial results for the third quarter of 2024 with a topline growth of 9.1 per...

Saudi Arabia’s eXtra unveils price range for IPO

United International Holding Co (UIHC), the subsidiary of Saudi-listed United Electronics Company (eXtra), will raise between 900 million Saudi riyals ($264 million), and SAR...

Saudi B2B Fintech Mala Secures $7 Million Seed Funding

Mala, a Saudi-based B2B platform, has successfully closed a $7 million (26.25 million Saudi Riyals) pre-seed funding round. The investment was led by VentureSouq, with...

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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...