Business

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

the financial - 18 April, 2025

RIYADH: Despite rising global trade tensions and heightened market volatility, banks across the Gulf Cooperation Council are expected to remain resilient, according to a...

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

the financial - 18 April, 2025

RIYADH: Saudi Arabia’s asset management industry grew by 20 percent year on year in 2024, pushing the sector’s total assets to SR1 trillion ($266...

Mortgage securitization can offer Saudi banks funding boost: Fitch

the financial - 17 April, 2025

RIYADH: Saudi banks could unlock additional funding and expand the Kingdom’s debt market by converting home loans into investment products, according to a recent...

Business

Global sustainable bond issuance to reach $1tn in 2025: Moody’s

the financial - 27 January, 2025

Impending maturity wave is set to escalate, signifying additional refinancing requirements alongside regular issuance goals Moody’s said ESG risks this year will be influenced by...

Business

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

the financial - 27 January, 2025

RIYADH: Saudi bank loans reached SR2.82 trillion ($753.27 billion) in August, representing an annual growth rate of 12.11 percent — the highest in 18...

Business

Saudi banks’ money supply hits $786bn, time and savings deposits share at 15-year high

the financial - 25 January, 2025

RIYADH: Saudi banks money supply reached SR2.95 trillion ($785.51 billion) in November, marking a 10.3 percent rise compared to the same month last year, according...

Business

Saudi foreign minister to lead Kingdom’s delegation at World Economic Forum in Davos

the financial - 24 January, 2025

This year’s forum, held under the theme of “Collaboration for the Intelligent Age,” takes place amid significant geopolitical tensions LONDON: Foreign minister Prince Faisal bin Farhan...

Business

Fintech sector transformation accelerating thanks to Vision 2030 reforms, analysts confirm

the financial - 23 January, 2025

JEDDAH: Reforms across Saudi Arabia’s financial landscape have significantly transformed the sector, driven by the Financial Sector Development Program, experts have told Arab News. One...

Business

UAE’s money supply M1 increases 1.5% to $247.7bn

the financial - 23 January, 2025

RIYADH: The UAE’s M1 money supply saw a monthly rise of 1.5 percent at the end of October, reaching 909.9 billion dirhams ($247.7 billion), according to the...

Business

Saudi banking sector poised for stability with 10% lending growth: S&P Global

the financial - 22 January, 2025

Mortgage lending in the Kingdom is set for growth, supported by lower interest rates Credit losses are expected to range between 50 and 60 basis...

Business

Here are 4 things you need to know about RIL shares ahead of Q3 results

the financial - 18 January, 2025

Mukesh Ambani led Reliance Industries (RIL) is set to announce its quarterly earnings for the fiscal year 2024-25 (Q3FY25) tomorrow, January 16. The conglomerate...

Business

Upcoming Q3 results: These are the 3 BIG earnings to watch today

the financial - 17 January, 2025

Infosys, Reliance Industries and Axis Bank will be declaring their Q3 results. The street is watching out for these numbers not just to assess...

Business

Aditya Birla Fashion to raise Rs 4,300 crore via pref issue, QIP

the financial - 17 January, 2025

ABFRL's shares closed trade on Wednesday at Rs 265.60 apiece, down 1.76% versus the previous day's close.Aditya Birla Fashion and Retail (ABFRL) on Wednesday...

Business

Let the Rupee find its balance

the financial - 16 January, 2025

What’s important is the relative value of the currency vis-à-vis peer currencies and not its absolute value.The sharp and swift depreciation in the value...

Business

Gold dips to ₹80,580, silver drops ₹1,300

the financial - 15 January, 2025

The drop in gold prices was attributed to rising US bond yields and a stronger US dollar, as market sentiments shifted from safe-haven assets...

Business

Gold prices extend rally for fifth consecutive session; silver holds steady

the financial - 14 January, 2025

Over the last five trading sessions, gold has appreciated by ₹1,660, or 2.1 per cent Gold prices rallied for a fifth straight session, rising ₹110 to...

Business

Sharechat cuts losses by 63 per cent to Rs 1,897 crore in FY24

the financial - 12 January, 2025

The company is targeting an IPO within the next 18-24 months after achieving overall profitability, which it expects by the end of FY25. Mohalla Tech,...

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...