Business

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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Business

UAE to double FDI to $65.3bn with new investment strategy 

the financial -
RIYADH: The UAE is planning to double its foreign direct investments to 240 billion dirhams ($65.35 billion) annually by 2031 — up from the 112 billion dirhams...
Business

Saudi private sector powers $314bn investment boom, outpacing Vision 2030 target

the financial -
RIYADH: Saudi Arabia’s gross fixed capital formation rose to SR1.18 trillion ($313.68 billion) in 2024, marking a 5.3 percent annual increase, recent data showed.  A...
Business

Saudi e-commerce sales soar 45% in January, surpassing $5.5bn

the financial -
Transaction volumes jumped 33.65% to 111.42 million Spending on miscellaneous goods and services made up 12%, or SR7.07 billion RIYADH: Saudi Arabia’s e-commerce sales using Mada...
Business

Zomato shareholders approve renaming the company to Eternal

the financial -
Zomato’s name change applies to the corporate entity, not the brand or app Food tech major Zomato's shareholders have approved a resolution to change...
Business

Saudi Arabia’s Tadawul dominates Arab exchanges with 62% market share in 2024

the financial -
Arab stock exchanges saw strong growth in 2024, with total trading values rising by 58.1% to surpass $1.03 trillion RIYADH: Saudi Arabia’s Tadawul reinforced its...
Business

MENA startups funding reaches almost $500m a month: report 

the financial -
RIYADH: Investment in Middle East and North Africa startups surged nearly fivefold in February, with funding reaching $494 million across 58 deals, according to...
Business

Tata Motors, Tata Investment shares rise upto 3% amid buzz over Tata Capital eyeing $11 bn valuation

the financial -
Tata Motors holds a nearly 4 percent stake in Tata Capital, while Tata Investment Corporation owns around 2 percent of the equity. Shares of Tata...
Business

Closing Bell: Saudi indices close in green 

the financial -
RIYADH: Saudi Arabia’s Tadawul All Share Index increased on Monday, gaining 88.36 points, or 0.73 percent, to close at 12,123.81. The total trading turnover of...
Business

Over 1,300 Saudi industrial licenses awarded in 2024, attracting $13.3bn investment, latest figures show

the financial -
JEDDAH: More than 44,000 new jobs are expected in Saudi Arabia after the Kingdom issued 1,346 industry licenses in 2024, an official report has...
Business

A dry-spell for TCS employees? FY26 salary hike among lowest in 4 years – Here is the expected increment

the financial -
TCS is set to roll out its annual salary hikes for the fiscal year 2026 in March, with the average increases ranging between 4...
Business

Saudi Arabia raises $2.36bn in euro bonds, including inaugural green tranche 

the financial -
Saudi Arabia has raised €2.25 billion ($2.36 billion) through a euro-denominated bond sale, including its first green tranche, as part of its Global Medium-Term...
Business

Startup of the Week — KSA’s Quantum to scale its ad tech platform following $7m funding round

the financial -
RIYADH: Saudi Arabia’s advertisement space is set to see a new level of data analysis after startup Quantum banked $7 million to boost its...
Business

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

the financial -
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...
Business

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

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

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

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

HP Telecom India, Swasth Foodtech IPOs open for subscription today

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

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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

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

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

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

Saudi firms announce 2024 financial results amid Eid trading break 

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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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