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UK’s Prudential Plc announces health insurance JV with HCL Group

Amar Joshi, an industry veteran, will be leading the JV entity. UK’s Prudential Plc announced a health insurance joint venture with India-based HCL Group on...

Fintech Talent in Danger: Are Companies Fighting a Losing Battle?

In 2025, fintech isn’t just competing for market share—it’s fighting fiercely for talent. Across the globe, the race to attract and retain skilled professionals...

How Saudi banks’ solid risk management counters liquidity pressures 

Banks maintained profitability despite rising funding costs, fueled by intensified deposit competition and increased reliance on external borrowing Alvarez & Marsal highlighted strong credit quality...

India to grow 6.5% in FY26; rising uncertainty to bring down global growth, says Fitch

The rating agency kept India’s FY26 forecast unchanged at 6.5 percent while projecting a higher 6.3 percent growth for FY27 from 6.2 percent in...

Corporate activities drive Saudi bank loans to highest growth rate in 18 months

Corporate lending dominated the sector, making up around 54 percent RIYADH: Saudi bank loans reached SR2.82 trillion ($753.27 billion) in August, representing an annual growth...

Urgent Loan Apps: How they work and other key details to check before borrowing

Applying for a loan can be a hassle due to lengthy paperwork, credit checks and long waiting time for approval. Banks often take days...

OECD predicts 3.8% economic growth for Saudi Arabia in 2025

RIYADH: Saudi Arabia’s economy is poised for substantial growth, with its gross domestic product projected to increase from 1.2 percent in 2024 to 3.8...

Will India’s Fintech Dream Last Another Decade, or Crash Under Its Own Ambition?

As we hit the midway mark of this decade, India's fintech sector isn't just booming—it's exploding. With a record-breaking investment of over $10 billion...

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E-payments account for 79% of Saudi retail transactions in 2024: SAMA

RIYADH: Electronic payments made up 79 percent of all...

GCC banks poised to weather global trade turbulence: S&P report

RIYADH: Despite rising global trade tensions and heightened market...

Saudi asset management industry hits $266bn, poised for further growth: Fitch Ratings 

RIYADH: Saudi Arabia’s asset management industry grew by 20...

Mortgage securitization can offer Saudi banks funding boost: Fitch  

RIYADH: Saudi banks could unlock additional funding and expand...

Gold rates on April 17: Precious metal hits all-time high; here’s how much it costs in your city today

Bullion remains heavily supported by a broadly weaker dollar,...