Business

Saudi ACWA Power expands portfolio with $693m acquisitions in Bahrain, Kuwait

the financial - 21 February, 2025

RIYADH: Saudi utility giant ACWA Power has strengthened its portfolio by acquiring a $693 million stake in power generation and water desalination companies in...

India may hike GST on cigarettes, tobacco products after compensation cess ends: Report

the financial - 21 February, 2025

Currently, cigarettes and tobacco products attract a 28 percent GST, in addition to a compensation cess and other levies, taking the total indirect tax...

HP Telecom India, Swasth Foodtech IPOs open for subscription today

the financial - 21 February, 2025

On February 28, HP Telecom India will make its debut on the NSE Emerge, while the trading in Swasth Foodtech shares will commence on...

Business

Jeddah conference highlights Saudi-French archaeological discoveries on Farasan Islands

the financial - 20 February, 2025

JEDDAH: French archaeologist and researcher Solene Marion de Proce hosted a conference titled “The Saudi-French Archaeological Project in the Farasan Islands: Past and Present”...

Business

Saudi fintech lite secures $3.2m in pre-seed funding

the financial - 20 February, 2025

Saudi-based fintech startup lite has announced the successful closure of its pre-seed funding round, raising a total of $3.2 million. The round was led by Scene...

Business

Saudi Arabia unveils $7.7bn mining investments in Wa’ad Al-Shamal

the financial - 20 February, 2025

RIYADH: Saudi Arabia’s mining sector is poised for a major boost with nearly SR29 billion ($7.7 billion) in investments being directed toward the city...

Business

Saudi wealth fund’s SURJ Sports Investment acquires minority stake in DAZN

the financial - 18 February, 2025

RIYADH: SURJ Sports Investment, the sports arm of the Public Investment Fund, has acquired a minority stake in DAZN to broaden broadcasting opportunities and...

Business

Welspun Corp bags ₹3,000 crore pipeline orders in US market

the financial - 17 February, 2025

The orders include two major contracts for HSAW pipes and additional orders for HFIW pipesWelspun Corp Limited (WCL) announced today it has secured new orders...

Business

Nirani Sugars to establish ₹2,000 crore polylactic acid manufacturing facility in Bagalkot

the financial - 13 February, 2025

Nirani Sugars, one of India’s largest privately-held sugar company, has signed a memorandum of understanding (MoU) with the Government of Karnataka to establish a...

Business

Foxconn says it is open to buying a stake in Nissan

the financial - 13 February, 2025

Taiwan’s Foxconn would consider taking a stake in Nissan for cooperation, its chairman said, as the Japanese automaker’s future hangs in the balance after stepping back...

Business

LEAP 2025: $7.5bn investments revealed on day 2 of tech conference

the financial - 12 February, 2025

Multibillion-dollar initiatives unveiled to drive digital transformation and technological advancements in the Kingdom Over $30 billion invested in Saudi Arabia’s tech sector over past three...

Business

Saudi retailer Cenomi Centers explores new financing options to fund further growth

the financial - 11 February, 2025

RIYADH: Saudi developer Cenomi Centers is exploring additional financing options to support future growth opportunities that are expected to follow after the opening of its...

Business

Closing Bell: Saudi main index edges up to close at 12,433

the financial - 10 February, 2025

RIYADH: Saudi Arabia’s Tadawul All Share Index edged up on Thursday, gaining 19.18 points, or 0.15 percent, to close at 12,433.58. The total trading turnover...

Business

Will your Rs 12-lakh salary enjoy ‘nil’ tax even with additional STCG income? Here’s what experts say

the financial - 9 February, 2025

Chartered accountants differ on a salaried taxpayer’s eligibility for the tax rebate if her total income—including special rate income such as short-term capital gains—is...

Business

GCC trade set to grow 5.5% annually, reaching $2.3 trillion by 2033: BCG report

the financial - 8 February, 2025

China is set to emerge as the largest growth market for GCC trade, with exchange volumes increasing by $88 billion Japan follows closely, with an...

Business

Middle East M&A value surges 52% to reach $29bn in 2024: Bain & Co.

the financial - 7 February, 2025

RIYADH: Saudi Arabia and the UAE led a surge in mergers and acquisitions across the Middle East in 2024, with total deal value reaching $29...

Business

Saudi Venture Capital Co. invests $1bn, strengthening Kingdom’s VC leadership

the financial - 7 February, 2025

RIYADH: Saudi Venture Capital Co. has committed $1 billion in investments to date, with its total assets— including contributions from partners— reaching approximately $4.8...

Business

Ola’s Bhavish Aggarwal announces Rs 2,000-crore investment in Krutrim; unveils an AI lab

the financial - 5 February, 2025

Bhavish Aggarwal also unveiled the next major version of its Krutrim large language model, Krutrim 2, along with a slew of AI models including...

Business

Sharan Hegde’s 1% Club is the first to get SEBI’s Investment Advisor licence amid clamp down on finfluencers

the financial - 5 February, 2025

The company's Personal CFO division is now compliant with SEBI’s regulatory framework. The company has become the first finfluencer-led company to secure the SEBI-RIA...

Business

Saudi CMA, Insurance Authority forge partnership to strengthen sector oversight

the financial - 5 February, 2025

Deal aims to strengthen oversight for insurance firms listed on the Saudi financial market It also seeks to ensure role integration and consistency between the...

Business

Nestle India to invest ₹1,100 crore in new KitKat production line at Sanand factory

the financial - 4 February, 2025

FMCG major Nestle India on Friday (January 31) said it has added a new KitKat production line at its Sanand Factory in Gujarat, with...

Business

Banking, healthcare to drive 8% growth in Saudi stock market profits in 2025: SNB Capital

the financial - 4 February, 2025

Petrochemical field is projected to record substantial growth of 74% in 2025 Healthcare division is anticipated to achieve a 23% rise in net profits, up...

Business

FM allocates Rs 13,415.20 cr for space sector, experts welcome Geospatial mission

the financial - 3 February, 2025

Giving a much-needed boost to the space sector, Finance Minister Nirmala Sitharaman on Saturday announced an allocation of Rs 13,415.20 crore for the Department...