Economy

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...

Economy

Expo 2025 Saudi pavilion launches tour of 7 Japanese cities

the financial - 13 February, 2025

With two months to go until Expo 2025 Osaka, Kansai, the Saudi Pavilion is launching a tour of seven Japanese cities that offers an...

Economy

Indian stock market opens higher, Nifty above 23,120

the financial - 13 February, 2025

The Indian benchmark indices opened higher on Thursday amid mixed global cues as buying was seen in the PSU bank and financial services sectors. At...

Economy

FM walks the talk on budget discipline; fiscal deficit target set at 4.4 per cent of GDP for FY 26

the financial - 7 February, 2025

Primary deficit pegged at 0.8 per cent; debt-to-GDP ratio targetted to be brought down to 50 per cent (+_1) by 2031; another year of...

Economy

‘Relief for middle class’: How India Inc reacts to Union Budget 2025

the financial - 3 February, 2025

India Inc. has welcomed the new changes in the Union Budget, especially the new reforms to boost private domestic consumption. Here’s what they all...

Economy

Saudi-UK aviation ties set for growth amid investment push

the financial - 1 February, 2025

JEDDAH: Saudi Arabia aims to strengthen aviation ties with the UK as officials from both countries met to boost investment and collaboration, amid the...

Economy

Closing Bell: Saudi Arabia’s main index closes in green at 12,439

the financial - 31 January, 2025

RIYADH: Saudi Arabia’s Tadawul All Share Index edged up on Wednesday, gaining 18.84 points, or 0.15 percent, to close at 12,439.48. The main index saw a total...

Economy

Saudi insurance industry thrives with 16.9% revenue growth

the financial - 31 January, 2025

Revenues surge as motor, medical, and property coverage expand RIYADH: Saudi Arabia’s insurance sector saw a 16.9 percent year-on-year revenue growth in the third quarter...

Economy

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

the financial - 30 January, 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...

Economy

Saudi Arabia’s holdings in US treasuries at $135.6bn in November

the financial - 26 January, 2025

Kingdom’s holdings in US treasuries increased by 5.85 percent in November compared to the same month in 2023 Saudi Arabia is only GCC country to...

Economy

Closing Bell: Saudi main index closes in the green, reaches 12,379

the financial - 22 January, 2025

RIYADH: Saudi Arabia’s Tadawul All Share Index edged higher on Monday, rising by 47.67 points, or 0.39 percent, to close at 12,379.54. The benchmark index...

Economy

World Economic Forum adds Aramco facility to its Global Lighthouse Network

the financial - 21 January, 2025

The network recognizes industrial sites that use advanced technologies to boost performance, operations and sustainability North Ghawar Oil Producing Complex is the 5th Aramco facility...

Economy

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

the financial - 13 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...

Economy

IT services, Pharma sector PAT to grow by 5.8% in Q3FY25: JM Financial

the financial - 13 January, 2025

Emerging segments like electronics manufacturing services, consumer durables, hotels, and real estate are also forecasted to deliver robust YoY growth The JM Financial coverage universe...

Economy

What’s the outlook for gold this week? Check Gold, silver rate today on January 8 in Mumbai, Delhi, Chennai, Kolkata

the financial - 8 January, 2025

Gold prices in India are shaped more by global trading trends than by local demand and supply, with markets like London OTC and COMEX...

Economy

Rupee turns flat at 85.79 against US dollar in early trade

the financial - 6 January, 2025

The rupee turned flat at 85.79 against the US dollar in early trade on Monday as positive domestic equity markets failed to boost sentiment amid sustained...

Economy

Cabinet approves additional subsidy of Rs 3,850 crore for DAP to maintain retail prices

the financial - 5 January, 2025

The government announces subsidies under the NBS mechanism twice a year before the commencement of kharif and rabi crops sowing. The government on Wednesday extended...

Economy

GST mop-up at Rs 1.77 lakh crore in December

the financial - 4 January, 2025

The GST Council is likely to discuss rate rationalisation–hiking GST rates for some items while cutting pruning them for others–of about 150 items in...

Economy

Gold set to shine brighter in 2025

the financial - 2 January, 2025

Prices in the international market have also come down with the spot gold on COMEX hovering around $2,624.50 per ounce, down from $2,801.8 per...

Economy

Rupee slumps 11 paise to 85.75 against dollar in early trade

the financial - 2 January, 2025

Uptrend in dollar index and US 10-year bond yields weigh on rupeeThe rupee dropped 11 paise to 85.75 against the US dollar in early trade on...

Economy

India hopes to reverse rising trend in steel imports in 2025

the financial - 31 December, 2024

India is likely to end FY25 as a net importer of steel, with mills anticipating continued headwinds on the export front. Pressure from Chinese imports...