Economy

Saudi ACWA Power expands portfolio with $693m acquisitions in Bahrain, Kuwait

the financial -
RIYADH: Saudi utility giant ACWA Power has strengthened its portfolio by acquiring a $693 million stake in power generation and water desalination companies in...
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India may hike GST on cigarettes, tobacco products after compensation cess ends: Report

the financial -
Currently, cigarettes and tobacco products attract a 28 percent GST, in addition to a compensation cess and other levies, taking the total indirect tax...
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HP Telecom India, Swasth Foodtech IPOs open for subscription today

the financial -
On February 28, HP Telecom India will make its debut on the NSE Emerge, while the trading in Swasth Foodtech shares will commence on...
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Economy

DFS, GIC and LIC pitch for GST rate rejig on insurance premia but with ITC

the financial -
Input Tax Credit (ITC) helps insurance companies lower their cash outgo for tax payment, which in turn helps the balance sheet As the Group of...
Economy

Gold, silver rate today on December 30 in Mumbai, Delhi, Chennai, Kolkata: Here are latest prices in other cities

the financial -
Gold, silver rate today, December 30: The gold MCX futures contract with the expiry of February 05, 2025, was quoted for Rs 76,536 per...
Economy

Bengaluru Metro fare to increase? FFC report to be submitted to Karnataka Govt – Here’s what commuters can expect

the financial -
The last fare revision occurred in 2017, but with growing footfall and an expanding network, the city’s metro system may soon become costlier for...
Economy

Bond yields seen little changed ahead of debt supply

the financial -
‘The 10-year yield is likely to move between 6.77 per cent and 6.80 per cent till the debt auction compared with its previous close...
Economy

Focus likely to shift to more disciplined growth, sustainable business models for start-ups

the financial -
The year 2024 emerged as a defining period for start-up exits, with significant momentum across IPOs, strategic acquisitions and secondary market transactions India’s start-up funding...
Economy

Gold, silver rate today on December 24 in Mumbai, Delhi, Chennai, Kolkata: Here are latest prices in other cities

the financial -
Gold prices have fallen 0.9% compared to a week back while Silver prices fell 1.9% during the same time frame. The decrease in prices...
Economy

SAMA cuts benchmark interest rate to 5% in line with US Federal Reserve move 

the financial -
Saudi Arabia’s central bank lowered its benchmark interest rate to 5 percent, its third cut this year, aligning with the US Federal Reserve’s decision...
Economy

UAE jobs: Up to Dh34,000 monthly salary offered by Emirates as demand for pilots grows

the financial -
Demand for pilots is increasing in the UAE, the region, and globally due to expansion in the aviation and tourism sectors. “There is a definite...
Economy

Saudi Central Bank Decision on Repo and Reverse Repo Rates

the financial -
The Saudi Central Bank (SAMA)decided to reduce the Repurchase Agreement (Repo) rate by 25 basis points to 5.00 percent and the Reverse Repurchase Agreement...
Economy

UAE economy expected to stay resilient next year

the financial -
Resilience is likely to be the predominant headline for UAE’s economic outlook in 2025, after the country managed to maintain its economic and financial...
Economy

Saudi Arabia’s economy to expand by 3.7% in 2025: Mastercard Economics Institute

the financial -
Kingdom’s robust growth in the non-oil sector signifies the nation’s steadily progressing economic diversification journey Tourism sector is expected to remain a bright spot for...
Economy

Abu Dhabi’s Space42 signs Dh18.7 billion deal with UAE govt to provide services until 2043

the financial -
Space42, the UAE-based AI-powered space technology company, on Tuesday said it signed a Dh18.7 billion ($5.1 billion) contract with the UAE Government to provide...
Economy

UAE looks to boost $13.7bn trade with Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan bloc

the financial -
UAE and the Eurasian Economic Union conclude negotiations on economic partnership between Gulf nation and Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan The UAE is looking...
Economy

UAE, Saudi Arabia forecasted for strong credit growth in 2025: Report

the financial -
The increase will be supported by continued expansion in the non-oil sector Saudi Arabia and the UAE are expected to post strong credit growth next year...
Economy

UAE and China trade to pass $100bn this year

the financial -
UAE hosts Invest in China roadshow as two countries look to boost $100bn trade relations Trade between the UAE and China will pass $100bn this year and...
Economy

DIFC consolidates position as UAE’s top destination for Chinese financial institutions and multinational companies

the financial -
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has strengthened its position...
Economy

UAE net wealth hit $2.9tn last year

the financial -
The UAE is well-established as a hub for the super-rich and the introduction of generative AI could create further wealth boomThe UAE’s net wealth...
Economy

Gold climbs as dollar eases, investors eye key inflation data

the financial -
Gold prices rebounded on Wednesday from a more than one-week low hit in the last session, supported by a softer dollar, even as easing...
Economy

Indian rupee rises against UAE dirham, highest since two weeks

the financial -
The Indian rupee rose its strongest level on in over two weeks on Monday, boosted by gains in regional peers and likely dollar inflows...
Economy

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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Business

Saudi ACWA Power expands portfolio with $693m acquisitions in Bahrain, Kuwait

0
RIYADH: Saudi utility giant ACWA Power has strengthened its...
Business

India may hike GST on cigarettes, tobacco products after compensation cess ends: Report

0
Currently, cigarettes and tobacco products attract a 28 percent...
Business

HP Telecom India, Swasth Foodtech IPOs open for subscription today

0
On February 28, HP Telecom India will make its...
Blog

Fintech Future Summit 2025: Shaping the Future of Financial Innovation in Bengaluru, India

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India 2025: The Rising Fintech Powerhouse India’s fintech sector is...
Banking

UPI Autopay soars to new heights blazing past card transactions in recurring payments

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The share of cards in recurring payments went down...
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