Economy

Saudi Arabia’s non-oil economy to grow 4.4% in 2025: PwC

Kingdom’s non-oil economy expanded by 3.8% in first half of 2024 Saudi Arabia is aligning...
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China EV maker Nio to spin off its battery production unit

Chinese electric vehicle maker Nio (9866.HK) plans to spin off its...
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Fintech Future Summit Mumbai 2024 Concludes with Unprecedented Insights and High-Level Networking

Mumbai, India - The recently concluded Fintech Future Summit...
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HRH the Crown Prince Launches the Urban Plan and the Branding of Qiddiya City

His Royal Highness Prince Mohammad bin Salman bin Abdulaziz,...
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Senator Elizabeth Warren Advocates for a “Level Playing Field” and Regulations in Crypto and AI

United States Senator Elizabeth Warren has emphasized the need...
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Saudi Arabia’s endowment investment funds set record with over $267m in net assets

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Net assets of licensed endowment investment funds in Saudi Arabia reached a record SR1 billion ($266.67 million) in 2024, marking a 29.3 percent increase...

PIF, Google Cloud to set up global AI hub in Saudi Arabia

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Saudi Arabia's sovereign wealth fund PIF has announced that it has sealed a strategic partnership with Google Cloud for the establishment of a global...

Wall St Week Ahead: Investors look to earnings to support record-high stock prices

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A high-stakes corporate earnings season kicks into gear this week, with bullish investors hoping results will justify increasingly rich valuations in a US stock...

GCC Statistical Center Praises Saudi Arabia’s Achievements on 94th National Day

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The Gulf Cooperation Council Statistical Center praised the remarkable achievements made throughout Saudi Arabia during its 94-year journey, highlighting key statistics in various economic,...

World Bank boosts climate financing by 10%

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The World Bank announced Thursday that it delivered a record $42.6 billion in climate change financing in the 2024 financial year, up 10 per...

UAE cuts base rate by 50 bps following historic Fed move

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The UAE central bank on Wednesday cut the base rate applicable to the overnight deposit facility (ODF) by 50 basis points – from 5.40...

Blackstone considers selling majority stake in visa firm VFS Global

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Blackstone is considering options including a sale of its majority stake in visa application outsourcing and technology services firm VFS Global after receiving interest...

Abu Dhabi awards key oil and gas concession to Indian JV

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Abu Dhabi has awarded a key production concession for Onshore Block-1 to Urja Bharat (UBPL), a joint venture between Indian Oil Corporation and compatriot...

UAE banks’ capital, reserves hit over Dh495 billion

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The total capital and reserves of banks operating in the UAE reached Dh495.2 billion at the end of June 2024, a year-on-year (YoY) increase...
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Opinion

Opinion

The Crucial Role of Marketing: Why It Deserves a Seat at the Table

In my over 16 years of experience in marketing, one recurring challenge has been the gap in understanding between marketing professionals...
Opinion

Maximising Business Efficiency: Evaluating Working Capital Management

In today's fast-paced business environment, a consistent cash flow is the cornerstone of organisational vitality. Working capital management acts as the...
Opinion

Enhancing in-app payment processing this Ramadan

In today’s digital age, Ramadan is a time when app browsing and mobile shopping spike among communities across the region. In...
Opinion

The Case for Investing in a Bitcoin ETF and Why It’s Time to Get Off Zero

Today, my father asked his broker to allocate some of my parents’ funds into the BlackRock iShares Bitcoin ETF. No surprise here, the...
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Startup

New regulation to attract start-ups, global fintech: CBUAE

Startup the financial - 0
The Central Bank of the UAE (CBUAE) has issued...

Gaming startups can make the world a better place, says tech investor

Startup the financial - 0
Middle East startups in the booming gaming industry have...

Tabby announces pre-IPO $700 million debt facility from J.P. Morgan

Startup the financial - 0
UAE-founded and Saudi Arabia-headquartered fintech Tabby has secured a...

UAE’s metaverse startup Nümi raises $20 million from Venom Ventures Fund

Startup the financial - 0
UAE-based metaverse startup Nümi has raised $20 million from...

XDFi, World’s First Compliant Decentralized Futures Protocol, to Launch on Flare Network

Startup the financial - 0
Flare, the blockchain for data, has announced a partnership...
Economy

Tesla in India looking to make about half million EVs annually

Tesla is discussing an investment proposal with the Indian government to set up a factory with an annual capacity to produce about half a...
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COP29: Developing countries urge action on climate finance deal

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Measures available to manage the rising global temperature are...
Featured

Saudi Arabia’s endowment investment funds set record with over $267m in net assets

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Net assets of licensed endowment investment funds in Saudi...
Technology

Bargains or bait? UAE Black Friday shoppers warned of digital dangers

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According to recent reports, URL detections in the UAE...
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UAE to become one of world’s biggest gold trade hubs after surpassing UK

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The UAE is becoming one of the most important...
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Saudi Arabia, Tunisia sign deal to boost bilateral investments

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Deal focuses on sharing regulations and laws to enhance...
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