Banking

Saudi Arabia sees record $41bn in inbound tourism spending as Vision 2030 projects come to life

the financial -
RIYADH: Inbound tourism spending in Saudi Arabia surged to a record SR153.61 billion ($40.95 billion) in 2024, marking a 13.82 percent annual increase, according...
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Bengaluru’s civic body should get its basics right before vanity projects: Experts

the financial -
While large parts of the city still lack basic infrastructure and many projects remain stalled or incomplete, BBMP—without an elected council since September 2020—continues...
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Nestle, Hindustan Unilever shares decline up to 2% after BofA downgrades FMCG stocks

the financial -
Nestle India and Hindustan Unilever shares fell after BofA downgraded the stocks to 'underperform' from 'neutral' and 'neutral' from 'buy' The shares of FMCG majors Nestle and...
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Banking

HDFC AMC shares jump 5%. Here are 4 reasons why brokerages are bullish

the financial -
HDFC AMC share price today, January 15: HDFC AMC shares climb 5% on Q3 profit surge; brokerages maintain positive ratings. Explore market trends and...
Banking

RBI takes cautious approach to currency volatility

the financial -
While the RBI will intervene as needed to manage fluctuations in the rupee, it will not aggressively defend specific exchange rates India's central bank will...
Banking

EXPLAINER | How front-running distorts capital markets

the financial -
SEBI can also impound the monies made as wrongful gains, and has at times held the top management responsible for not having checks in...
Banking

Budget 2025: Individuals earning up to Rs 15 lakh a year may get a big tax relief, feel experts

the financial -
Budget 2025 may bring significant tax relief for individuals earning up to Rs 15 lakh as the Direct Tax Code 2025 aims to simplify...
Banking

Capital Infra Trust’s IPO enters day 3 with modest success

the financial -
The IPO of Capital Infra Trust’s infrastructure investment trust (InvIT) enters day 3 with moderate interest by substring 0.78 times or 78 per cent. Capital Infra...
Banking

Private equity investments hit a two-year high at $15 billion in 2024: LSEG Deals Intelligence

the financial -
Experts attributed this to India’s expanding middle-class population, robust start-up ecosystem and a strong IPO market Private equity investments in India hit a two-year high...
Banking

Debt mutual funds may get tax relief on capital gains

the financial -
The MF industry has also urged the finance ministry to align the capital gains tax rates of debt MF schemes with that of listed...
Banking

Canara Bank: What should investors do

the financial -
Given the track record of the management in achieving the guided figures and comfort in valuation, long-term investors can accumulate the stock in dips. The...
Banking

UAE APP scam losses surge 43% to $8.3mn in 2023, report reveals

the financial -
APP scams are a form of trust-based manipulation, deceiving individuals into willingly transferring funds to fraudsters Authorized push payment (APP) scam losses are on the...
Banking

Alif Capital strikes deal to acquire 25% stake in UAE-based lifestyle products supplier Sunex Group

the financial -
The stake acquisition marks Aliph’s entry into the lifestyle sector Alif Capital, the first female-founded private equity fund in the Middle East, announced the acquisition...
Banking

Moody’s upgrades rankings for 11 Saudi banks

the financial -
RIYADH: Eleven banks in Saudi Arabia have seen their long-term deposit and senior unsecured ratings upgraded by Moody’s thanks to a strong operating environment. The...
Banking

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

the financial -
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...
Banking

UAE banks record highest return on equity in the GCC

the financial -
UAE-listed banks once again topped the GCC with the highest return on equity(RoE) at the end of the third quarter of 2024 at 16.8...
Banking

Dubai: Traditional banking ‘no longer valid’ as customers now want seamless transactions, says expert

the financial -
It is not the era of competition but cooperation among banks, fintech and other industry players, a senior industry executive said on Wednesday. Speaking at...
Banking

Saudi Central Bank lowers benchmark rate by 25 bps following US Fed decision

the financial -
RIYADH: Saudi Arabia’s central bank has implemented its second interest rate reduction of 2024, lowering the benchmark by 25 basis points to 5.25 percent. This...
Banking

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

the financial -
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...
Banking

UAE Central Bank reduces interest rates following US Fed cut

the financial -
The Central Bank of the UAE on Thursday decided to cut the base rate applicable to the overnight deposit facility (ODF) by 25 basis...
Banking

National Bank of Fujairah posts a strong 39.3% net profit before tax growth to Dh715 million in the first nine months of 2024

the financial -
National Bank of Fujairah (NBF) on Tuesday announced a year-on-year growth of 39.3 per cent to close the nine-month period at a net profit...
Banking

Abu Dhabi Islamic Bank net profit after tax rises 24%

the financial -
Abu Dhabi Islamic Bank on Wednesday reported a growth in net profit after tax of 24 per cent for the first nine months of...
Banking

CBI’s net profit before tax of Dh278.5 million, up 90% for Q3

the financial -
Commercial Bank International PJSC (CBI), a leading UAE bank, on Thursday announced a net operating income of Dh278.5 million for Q3 2024, an increase...

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Business

Saudi Arabia sees record $41bn in inbound tourism spending as Vision 2030 projects come to life

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RIYADH: Inbound tourism spending in Saudi Arabia surged to...
Business

Bengaluru’s civic body should get its basics right before vanity projects: Experts

0
While large parts of the city still lack basic...
Crypto

Nestle, Hindustan Unilever shares decline up to 2% after BofA downgrades FMCG stocks

0
Nestle India and Hindustan Unilever shares fell after BofA...
Business

Saudi firms announce 2024 financial results amid Eid trading break 

0
RIYADH: Multiple companies have released their financial results for...
Banking

Income tax cuts, RBI’s repo rate reduction and more: Here’s how April will impact your wallets

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With a host of financial changes set to take...
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