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

Low-cost ₹250 SIP to be launched soon: SEBI chief

the financial - 11 January, 2025

Money raised by real estate investments trusts, infrastructure investment trusts and municipal bonds contributed about ₹10,000 crore to the overall capital raising in the...

Business

BPCL approves Rs 1000 crore Maharashtra Natural Gas IPO

the financial - 7 January, 2025

Bharat Petroleum Corporation has given in-principal approval to the listing of Maharashtra Natural Gas through an initial public offering worth Rs 1000 crore. “We would...

Business

Sasan Power makes $150 million debt repayment, strengthening financial position

the financial - 3 January, 2025

The company operates the world’s largest integrated coal-based power plant with a capacity of 3960 MW in Madhya Pradesh, supplying electricity at India’s lowest...

Business

EV sales reach close to two million in 2024; e2Ws post growth of 34%

the financial - 3 January, 2025

Industry experts pointed to initiatives such as PM E-Drive, FAME II and reduced import duties as key factors driving the adoption of EVs Total electric vehicle...

Business

The q-commerce sector: Quick, quicker, quickest…

the financial - 26 December, 2024

One additional stream that’s likely to complement the core revenues and speed up the path to positive unit economics, is advertising revenue.Speed thrills, and...

Business

Drydocks World unveils major expansion to lead global renewables and marine projects

the financial - 23 December, 2024

Drydocks World has officially opened its multi- million-dollar South Yard expansion -- a 75,000 sqm state-of-the-art facility designed to enhance fabrication capabilities and reinforce...

Business

DP World becomes the first company in the middle east to issue a blue bond

the financial - 20 December, 2024

DP World has issued a groundbreaking $100 million Blue Bond to fund sustainable projects cutting across marine transportation, port infrastructure, marine pollution, as well...

Business

Saudi Arabia’s supply chain conference drives $2.2bn in new investments

the financial - 17 December, 2024

RIYADH: The Supply Chain and Logistics Conference in Saudi Arabia, which wrapped up on Dec. 16 in Riyadh, saw the signing of 91 agreements...

Business

Dubai: Gold prices drop over Dh1 per gram in early trade

the financial - 17 December, 2024

Gold prices fell Dh1.5 per gram at the opening of the markets in Dubai on Tuesday. At 9am UAE, the 24K variant of the precious...

Business

Saudi Arabia invests $2.66bn to transform logistics infrastructure with 18 new zones

the financial - 16 December, 2024

Move is part of a broader strategy to attract local and global investments It came during the opening ceremony of the sixth edition of the...

Business

Saudi Arabia’s inflation holds steady at 2% in November: GASTAT

the financial - 16 December, 2024

On a monthly basis, the consumer price index rose slightly by 0.3 percent from October GASTAT revealed a 1.4 percent year-on-year increase in Saudi Arabia’s...

Business

Saudi POS spending reaches $3.78bn, driven by surge in utilities and jewelry

the financial - 15 December, 2024

Spending on public utilities rose by 11.5% to SR63.32 million Total POS transactions in the Kingdom reached SR14.22 billion, a 0.7% decrease from the previous...

Business

COP16: Blended finance crucial to fostering sustainable entrepreneurship, says Egyptian official

the financial - 14 December, 2024

Amid the global call to ensure a green future, equity funding to startups focused on cleantech and sustainability has fallen this year RIYADH: The concept...

Business

Dubai: 22K gold price soars past Dh300 mark again

the financial - 11 December, 2024

The prices of 22K gold crossed the Dh300 mark again as global prices rose to $2,680 per ounce. At the opening of the markets in...

Business

Startups in Abu Dhabi’s Hub71 secure $1.9bn in funding

the financial - 9 December, 2024

Hub71 startups in Abu Dhabi have achieved revenues of $1.1bn Startups within Hub71, Abu Dhabi’s global tech ecosystem, have secured over AED7 bn ($1.9bn) in funding,...

Business

UAE charges 15 members of tax gang over $29m fraud

the financial - 9 December, 2024

UAE refers individuals to criminal court over alleged forgery, money laundering and tax evasion The UAE has charged 15 individuals accused of tax crimes and...

Business

UAE e-commerce market tipped to reach $25bn by 2029

the financial - 7 December, 2024

E-commerce is booming in the UAE and will pass $11bn in sales this year The UAE e-commerce market will pass $11bn in sales this year and will...

Business

Saudi Green Initiative unveils $60m in new environmental projects at COP16

the financial - 6 December, 2024

RIYADH: The fourth Saudi Green Initiative Forum began on Tuesday with the launch of five new groundbreaking environmental projects, valued at SR225 million ($60...

Business

COP16: Saudi Arabia urges private sector to bridge land restoration funding gap

the financial - 6 December, 2024

RIYADH: Saudi Arabia’s UN Convention to Combat Desertification COP16 Presidency has called on the private sector to increase funding for land restoration efforts, highlighting...

Business