Tag: Saudi

Saudi ACWA Power expands portfolio with $693m acquisitions in Bahrain, Kuwait

RIYADH: Saudi utility giant ACWA Power has strengthened its portfolio by acquiring a $693 million stake in power generation and water desalination companies in...

Saudi retail real estate sales to reach $183bn by 2027: Deloitte

Report assessed the Kingdom’s real estate market in 2023 and projected trends for 2024 across various sectors Deloitte report said contribution of construction industry to...

Saudi-UK aviation ties set for growth amid investment push

JEDDAH: Saudi Arabia aims to strengthen aviation ties with the UK as officials from both countries met to boost investment and collaboration, amid the...

Saudi-based Walaa Cooperative Insurance Co. maintains ‘A-’ rating: S&P Global

S&P expects Walaa to maintain this level of capital adequacy over the next two years It also expects the company to gradually improve its combined...

Saudi POS spending reaches $3.78bn, driven by surge in utilities and jewelry

Spending on public utilities rose by 11.5% to SR63.32 million Total POS transactions in the Kingdom reached SR14.22 billion, a 0.7% decrease from the previous...

Saudi corporate lending fuels bank loans growth to near-2 year high of 12.46%

RIYADH: Saudi Arabia’s bank loans reached SR2.88 trillion ($768.93 billion) in October, a 12.46 percent annual growth and the highest in 20 months, official...

Closing Bell: Saudi main index closes in red despite $3.2bn in trade volume 

RIYADH: Saudi Arabia’s Tadawul All Share Index dropped by 0.65 percent or 77.18 points to settle at 11,787.72 points on Monday.     The total trading turnover of the benchmark index was SR12.2 billion...

Saudi stock market rises to 7th globally in size, says CMA chief

JEDDAH: The Saudi stock market has experienced significant growth, now ranking seventh globally and showcasing the resilience of the real economy, according to Mohammed...

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UAE shares end higher as outcome of US-China trade talks awaited

LONDON: Stock markets in the UAE ended higher on Monday,...

Porter’s 10-Year Grind: From Intracity To An INR 2.8K Cr Pan-India Logistics Business

SUMMARY Porter was among the first movers in the hyperlocal...

How Snitch Stitched An INR 500 Cr Revenue Run In 5 Years

SUMMARY Founded in 2019, Snitch is a men-focussed fast-fashion brand...