Tag: Saudi

Saudi bank loans reach highest growth rate in 19 months, surpassing $761bn

RIYADH: Saudi bank loans reached SR2.85 trillion ($760.84 billion) in September, representing an annual growth rate of 12.16 percent — the highest in 19...

Saudi Aramco slashes December oil prices for Asian buyers

RIYADH: Saudi Aramco has reduced its December pricing for Arab Light crude oil for Asian buyers, according to the latest price list released by...

Saudi-Portuguese Business Council launches investment regulation initiative

RIYADH: Saudi Arabia and Portugal are aiming to increase awareness of investment regulations in both countries to boost trade thanks to a first-of-its-kind initiative.  Announced...

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 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...

New Saudi methodology doubles 2023 FDI inflow

Saudi Arabia revised upward its foreign direct investment numbers this week, doubling the FDI inflow figure for 2023 to $25.5 billion according to a...

Serbia secures $205m loan from Saudi Fund for Development

JEDDAH: Serbia has signed a $205 million loan agreement with the Saudi Fund for Development to enhance its agriculture, education, and energy sectors. Three deals...

Closing bell: Saudi main index rises to 12,002; trading turnover at $1.96bn

Parallel market Nomu gained 474.42 points to close at 25,919.34 MSCI Tadawul Index increased by 6.87 points to 1,503.56 RIYADH: Saudi Arabia’s Tadawul All Share Index...

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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...