Tag: Saudi Arabia

Tech-savvy Saudis push consumer fintech to new heights

Saudi Arabia’s tech-savvy population is pushing consumer fintech to new heights, with innovations such as buy now, pay later gaining significant traction, according to...

SAMA cuts benchmark interest rate to 5% in line with US Federal Reserve move 

Saudi Arabia’s central bank lowered its benchmark interest rate to 5 percent, its third cut this year, aligning with the US Federal Reserve’s decision...

Saudi Central Bank Decision on Repo and Reverse Repo Rates

The Saudi Central Bank (SAMA)decided to reduce the Repurchase Agreement (Repo) rate by 25 basis points to 5.00 percent and the Reverse Repurchase Agreement...

Saudi Arabia’s supply chain conference drives $2.2bn in new investments

RIYADH: The Supply Chain and Logistics Conference in Saudi Arabia, which wrapped up on Dec. 16 in Riyadh, saw the signing of 91 agreements...

Saudi Arabia invests $2.66bn to transform logistics infrastructure with 18 new zones

Move is part of a broader strategy to attract local and global investments It came during the opening ceremony of the sixth edition of the...

UAE, Saudi Arabia forecasted for strong credit growth in 2025: Report

The increase will be supported by continued expansion in the non-oil sector Saudi Arabia and the UAE are expected to post strong credit growth next year...

COP16: Saudi Arabia urges private sector to bridge land restoration funding gap

RIYADH: Saudi Arabia’s UN Convention to Combat Desertification COP16 Presidency has called on the private sector to increase funding for land restoration efforts, highlighting...

Saudi Arabia to boost ICT sector with multi-billion-dollar firms in 2025

RIYADH: Saudi Arabia is set to launch two multi-billion-dollar companies by the end of 2025 as part of plans to boost its communications and...

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50 Billion In Economic Power: Arab Women Are Rewriting the Startup Rules in the Gulf

Across the Gulf, a powerful wave of women entrepreneurs...

How Finhaat Is Bringing Insurance And Wealth Creation To India’s Rural & Semi-Urban Markets

SUMMARY Despite being one of the most promising markets, India’s...

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...