Economy

Income tax cuts, RBI’s repo rate reduction and more: Here’s how April will impact your wallets

With a host of financial changes set to take effect in April here's a quick guide to the developments that are bound to affect...

EPFO auto settlement limit to be increased to Rs 5 lakh: Check key details before advance withdrawal

The Employees' Provident Fund Organisation (EPFO) is expected to increase the auto-settlement of advance claims (ASAC) limit by fivefold, from Rs 1 lakh to...

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

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...

Saudi Arabia dominates Forbes’ 2025 list of MENA’s most valuable banks

Financial institutions from the Kingdom made up nearly a third of the total $600.8 billion market capitalization of the listed banks Al-Rajhi Bank retained its...

Closing Bell: Saudi main index edges down 0.7% to close at 11,709

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Wednesday, as it shed 82.97 points or 0.70 percent to close at 11,709.43. The total trading...

India to grow 6.5% in FY26; rising uncertainty to bring down global growth, says Fitch

The rating agency kept India’s FY26 forecast unchanged at 6.5 percent while projecting a higher 6.3 percent growth for FY27 from 6.2 percent in...

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

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...

OECD predicts 3.8% economic growth for Saudi Arabia in 2025

RIYADH: Saudi Arabia’s economy is poised for substantial growth, with its gross domestic product projected to increase from 1.2 percent in 2024 to 3.8...

Saudi Arabia’s top body reviews economic performance, global outlook

JEDDAH: Saudi Arabia’s Council of Economic and Development Affairs hosted a virtual meeting to discuss financial performance and global developments, focusing on improving public...

Mideast set for private equity boom amid global market revival: report

RIYADH: The Middle East is rapidly emerging as a prime destination for private equity investment, spurred by a global resurgence in dealmaking, according to...

Saudi riyal symbol: strategic step toward global financial standing

New symbol signals Kingdom’s commitment to align its financial practices with international standards JEDDAH: Saudi Arabia’s unveiling of a new symbol for the riyal has been...

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

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...

Where the stock market goes, the US economy will follow

America’s wealthiest households are driving economic growth, thanks to their investing gainsA stock market decline of 20% or more would erode the spending power...

Saudi Aramco posts $106.2bn profit for 2024

RIYADH: Saudi energy giant Aramco reported a net profit of SR398.42 billion ($106.2 billion) in 2024, despite challenging market conditions, including lower prices for...

Saudi Arabia’s private equity deals soar with $2.8bn in investments in 2024

RIYADH: Saudi Arabia’s private equity market reached $2.8 billion in total investments across 15 transactions in 2024, maintaining its billion-dollar scale despite a slowdown,...

Can Saudi Arabia conquer global uncertainty and become a financial giant?

Saudi Arabia’s financial markets are on a sharp upward trajectory despite challenging global economic trends, experts have told Arab News. Market volatility across the world...

Arab stock markets extend gains, aligning with global rebound: AMF report

 Arab stock markets recorded a positive performance in January for the second consecutive month, mirroring the upward trajectory of global exchanges. According to the latest...

Saudi Arabia emerging as an economic ‘powerhouse,’ says top IMF official

Saudi Arabia’s role in the international financial system is growing, solidifying its position as an emerging economic “powerhouse,” according to a senior executive.  In an...

Mutual funds bet big on these micro-cap stocks despite market correction

Micro-cap stocks are highly risky investments, but they also offer the potential for substantial returns if selected carefullyDespite the recent market correction, mutual funds have shown...

Saudi Arabia’s PIF offers $10.67bn investment opportunities to strengthen local industries  

 Saudi Arabia’s Public Investment Fund is offering SR40 billion ($10.67 billion) in investment opportunities through its private sector platform to strengthen local industries, supply...

Expo 2025 Saudi pavilion launches tour of 7 Japanese cities

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

Indian stock market opens higher, Nifty above 23,120

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...

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

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...

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EPFO auto settlement limit to be increased to Rs 5 lakh: Check key details before advance withdrawal

The Employees' Provident Fund Organisation (EPFO) is expected to...

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

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

Buy Power Grid Corporation of India; target of Rs 350: Sharekhan

Sharekhan is bullish on Power Grid Corporation of India...

India’s MSMEs Are Struggling—Can Fintech Really Save the Day?

India’s micro, small, and medium enterprises (MSMEs) have always...