Tag: rise

Saudi Arabia’s foreign reserves rise to a 6-year high of $475bn

RIYADH: Saudi Arabia’s foreign reserves climbed 3 percent month on month in January to SR1.78 trillion, up SR58.7 billion ($15.6 billion) from December and...

Saudi mining sector surges with 220% rise in new licenses in 2025 

JEDDAH: Saudi Arabia recorded a 220 percent year-on-year increase in new mining exploitation licenses in 2025, issuing 61 permits, according to a statement from the...

Saudi Arabia’s US Treasury holdings rise to $134.4bn

RIYADH: Saudi Arabia increased its holdings of US Treasury securities to $134.4 billion in October, maintaining its position among the world’s largest foreign holders,...

Saudi Vision 2030 fuels rapid rise of private credit market: S&P

RIYADH: Saudi Arabia’s private credit market is set to expand rapidly as the Kingdom seeks to bridge the funding gap created by the Vision 2030 transformation agenda, according to S&P Global Ratings.  In a...

Bluestone shares rise 7% after muted debut on stock exchanges

Synopsis Bluestone shares rebounded strongly after a tepid stock market debut, rising 7.3% to Rs 546. Early investors like Accel India and Saama Capital saw...

Nykaa reports 79% rise in Q1 net profit

Synopsis Nykaa's parent company, FSN E-Commerce, witnessed a substantial 79% surge in net profit, reaching Rs 24.47 crore in the fiscal first quarter, driven by...

Foreign startup registrations in Saudi Arabia rise 118% 

RIYADH: Saudi Arabia’s Ministry of Investment has granted 550 foreign new ventures the Startup Investment Registration, known as the Riyadi license, as of mid-2025, marking...

Dubai: Gold prices rise further in early trade

Gold prices opened higher in Dubai for the second day this week on Tuesday, rising half a dirham per gram. According to Dubai Jewellery Group...

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Cloudflare highlights emerging risks and realities of frontier AI models in cybersecurity research

Cloudflare shared new insights into the evolving role of...

Dubai unveils new $410m economic support package for businesses 

Dubai approved a new 1.5 billion dirham ($410 million)...

Dell Technologies rewrites the rules of storage modernization and performance with Dell PowerStore Elite

Dell Technologies (NYSE: DELL) introduces Dell PowerStore Elite, a...

flydubai, Cyprus Airways announce interline partnership to expand global connectivity

flydubai and Cyprus Airways have announced the launch of...

ADX achieves 99% compliance rate in Q1 2026 financial statements disclosure by publicly listed companies

The Abu Dhabi Securities Exchange (ADX) Group announced that...