Economy

Saudi Arabia raises $910m in November sukuk offering 

the financial -
RIYADH: Saudi Arabia’s National Debt Management Center has completed its riyal-denominated sukuk issuance for November, raising SR3.41 billion ($910 million), a 28.19 percent year-on-year...
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Saudi hotel industry sees 11.4% spending surge, amid overall weekly POS decline: SAMA

the financial -
RIYADH: Spending in Saudi hotels saw a week-on-week increase of 11.4 percent between Nov. 10 and 16, reaching SR399.7 million ($106.4 million), according to the...
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Saudi economic growth to accelerate to 4.7% in 2025: Moody’s

the financial -
RIYADH: Saudi Arabia’s economy is set to grow by 1.7 percent this year, before accelerating to 4.7 percent in 2025 and 2026, driven by...
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Economy

Closing Bell: Saudi Arabia’s TASI closes in red, down 0.97%

the financial -
MSCI Tadawul 30 Index declined 15.60 points to close at 1,500.54 points Parallel market Nomu closed the day at 29,205.53 points, reflecting an increase of 95.12 points RIYADH: The...
Economy

Saudi NHC closes $532m in sales, reveals new projects at Cityscape Global

the financial -
NHC announced three major new developments that reflect its commitment to sustainable urban growth Ministry of Interior and Ministry of Municipal and Rural Affairs and...
Economy

Dubai GDP grows 3.3% in second quarter

the financial -
Dubai’s gross domestic product (GDP) for the second quarter of 2024 grew 3.3 per cent year-on-year to reach Dh116 billion, data showed on Sunday. The...
Economy

Remit now? Indian rupee at 22.9 per UAE dirham amid volatility trends ahead of US election

the financial -
The Indian rupee was largely flat on Thursday with volatility expectations signalling that the currency is expected to remain rangebound, even as its regional...
Economy

Dubai: Emirates announces record-breaking half-year profit of Dh10.4 billion

the financial -
The Emirates Group on Thursday reported its best-ever half-year financial performance, posting a profit before tax of Dh10.4 billion for the first six months...
Economy

Saudi-Portuguese Business Council launches investment regulation initiative

the financial -
RIYADH: Saudi Arabia and Portugal are aiming to increase awareness of investment regulations in both countries to boost trade thanks to a first-of-its-kind initiative.  Announced...
Economy

Saudi Arabia’s PMI rises to 6-month high in October

the financial -
RIYADH: Saudi Arabia’s non-oil business activities strengthened in October, with the Kingdom’s purchasing managers’ index rising to a six-month high of 56.9, an economy...
Economy

China to issue $2bn bonds in Saudi Arabia amid deepening bilateral ties

the financial -
RIYADH: China has announced plans to issue dollar-denominated bonds in Saudi Arabia starting the week of Nov. 11, marking its first debt issuance in...
Economy

Saudi Arabia’s Q3 budget deficit decreases to $8bn

the financial -
RIYADH: Saudi Arabia reported a budget deficit of SR30.23 billion ($8.06 billion) for the third quarter of 2024, a decrease of 15 percent compared...
Economy

Saudi GDP grows 2.8% in Q3 amid strong non-oil expansion: GASTAT 

the financial -
RIYADH: Saudi Arabia’s real gross domestic product rose by 2.8 percent in the third quarter of this year compared to the same period in...
Economy

Saudi economy minister highlights multiple factors reshaping investment landscape at FII8

the financial -
RIYADH: The ongoing energy transition, the rise of artificial intelligence, and geopolitical tensions are reshaping the global investment landscape, according to a top minister.  Speaking...
Economy

UAE petrol prices rise in November: Here’s how much it will cost to get a full tank

the financial -
The UAE on Thursday (October 31) announced the fuel prices for the month of October 2024. The approved fuel prices by the Ministry of Energy are...
Economy

Saudi Arabia exceeds HQ target with 540 international firms in Riyadh, says Al-Falih

the financial -
RIYADH: Saudi Arabia attracted 540 international companies to establish their regional headquarters in Riyadh, ahead of a 2030 target of 500, according to Khalid...
Economy

UAE: $16bln in greenfield FDI capital inflows recorded in 2023

the financial -
Mohammed Abdul Rahman Al Hawi, Under-Secretary of the UAE Ministry of Investment, said that in 2023, key sectors driving the growth of greenfield investments...
Economy

Saudi private sector investments in Africa to reach $25bn: finance minister

the financial -
Kingdom is actively involved in shaping the future of Africa by lending aid for philanthropic activities Saudi Arabia has spearheaded several initiatives to develop the...
Economy

Saudi Arabia’s eXtra unveils price range for IPO

the financial -
United International Holding Co (UIHC), the subsidiary of Saudi-listed United Electronics Company (eXtra), will raise between 900 million Saudi riyals ($264 million), and SAR...
Economy

Riyadh: International forum on Powering the Future Toward Net Zero kicks off in Dammam

the financial -
The international forum marks another step towards promoting energy transition, achieving carbon neutrality and enhancing sustainable energy practices RIYADH -- The activities of "Powering the...
Economy

Saudi Arabia’s non-oil exports surge by 7.5% in August: GASTAT 

the financial -
Chemical products led the non-oil export categories, accounting for 25.8 percent of total non-oil shipments Saudi Arabia’s imports decreased by 3.93 percent in August compared...
Economy

New Saudi methodology doubles 2023 FDI inflow

the financial -
Saudi Arabia revised upward its foreign direct investment numbers this week, doubling the FDI inflow figure for 2023 to $25.5 billion according to a...
Economy

Sheikh Hamdan calls on UAE to further boost investment and attract entrepreneurs after $31bn inflow

the financial -
UAE looking to attract more businesses, investments and entrepreneurs as part of the We the UAE 2031 visionThe UAE should enhance efforts to attract more...

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Business

Saudi Arabia raises $910m in November sukuk offering 

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RIYADH: Saudi Arabia’s National Debt Management Center has completed...
Business

Saudi hotel industry sees 11.4% spending surge, amid overall weekly POS decline: SAMA

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RIYADH: Spending in Saudi hotels saw a week-on-week increase of...
Economy

Saudi economic growth to accelerate to 4.7% in 2025: Moody’s

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RIYADH: Saudi Arabia’s economy is set to grow by...
Business

COP29: Developing countries urge action on climate finance deal

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Measures available to manage the rising global temperature are...
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Saudi Arabia’s endowment investment funds set record with over $267m in net assets

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Net assets of licensed endowment investment funds in Saudi...
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