Economy

Titan posts 25% revenue growth in Q4 FY25, driven by strong gold jewellery and watch sales

the financial - 12 April, 2025

Its jewellery division, which contributes over three-fourths of the revenue, reported a 24 per cent growth in the domestic market on the back of...

Rising Bharat Summit: India, China must align for global stability amid US’ tariff threats, says Jeffrey Sachs

the financial - 11 April, 2025

Renowned economist warns India against falling into US foreign policy traps; urges New Delhi and Beijing to forge unity for a balanced multipolar world. Prominent...

US markets rebound from tariff turmoil, trade strong though below intraday highs

the financial - 11 April, 2025

US President Donald Trump, in a post on Truth Social, said he had a "great call" with South Korea’s acting president and claimed that...

Economy

New Saudi methodology doubles 2023 FDI inflow

the financial - 25 October, 2024

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 - 25 October, 2024

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...

Economy

IMF hikes UAE’s GDP growth forecast to 5.1% for 2025

the financial - 24 October, 2024

The International Monetary Fund (IMF) on Tuesday increased UAE’s growth forecast for next year by 0.9 per cent on the back of strong growth...

Economy

Transformation of agricultural sector contributes to massive economic growth

the financial - 22 October, 2024

RIYADH: The International Monetary Fund is predicting a growth in gross domestic product of 4.7 percent for Saudi Arabia’s economy in 2025. This projection...

Economy

Saudi Arabia announces $13.3bn of investment deals at Global Health Exhibition

the financial - 22 October, 2024

Key agreements include SR4bn pharmaceuticals-manufacturing deal, SR5bn expansion by Fakeeh Care Group, and SR3bn Almoosa Health Group plan for new medical facilities Goal is for...

Economy

Closing Bell: Saudi markets close in green at 12,008

the financial - 22 October, 2024

RIYADH: Saudi Arabia’s Tadawul All Share Index rose by 1.06 percent, or 125.38 points, to reach 12,008.31 points on Monday. The total trading turnover of...

Economy

Saudi hotel spending rises 2.4% amid broader POS decline: SAMA

the financial - 17 October, 2024

Spending on education saw the largest decline, plummeting 36% to reach SR125.9 million Jewelry sector recorded the smallest decline at 0.8%, reaching SR261.4 million RIYADH: Saudi...

Economy

Middle East recorded $16.7bln in sustainable bond issuances in Jan-Sep 2024: S&P Global Ratings

the financial - 16 October, 2024

UAE and Saudi Arabia will continue to lead the sustainable bond market in the region ABU DHABI: Standard & Poor’s (S&P) Global Ratings has reported...

Economy

Closing bell: Saudi main index rises to 12,002; trading turnover at $1.96bn

the financial - 16 October, 2024

Parallel market Nomu gained 474.42 points to close at 25,919.34 MSCI Tadawul Index increased by 6.87 points to 1,503.56 RIYADH: Saudi Arabia’s Tadawul All Share Index...

Economy

Saudi non-oil GDP growth strong, up 4.9% in Q2

the financial - 14 October, 2024

The non-oil GDP growth in Saudi Arabia remains strong in the second quarter, recording a 4.9% increase year-on-year, according to Al Rajhi Capital Research,...

Economy

Economy Ministry Signs MoU with Omani Economy Ministry

the financial - 13 October, 2024

The Ministry of Economy and Planning and Oman's Ministry of Economy today signed a memorandum of understanding (MoU) focusing on cooperation in medium- and...

Economy

Qassim: Mineral Wealth Worth Over SAR122 Billion

the financial - 11 October, 2024

The Qassim Region is rich in untapped mineral resources valued at SAR122.3 billion, constituting significant natural wealth that the Kingdom seeks to exploit in...

Economy

GASTAT: Industrial Production Index Increases by 1.0% in August 2024

the financial - 10 October, 2024

The General Authority for Statistics (GASTAT) released today its Industrial Production Index (IPI) report for August 2024. The report revealed a 1.0% increase in IPI...

Economy

20 Canadian Companies Look to Invest in Saudi Digital Transformation

the financial - 10 October, 2024

More than 20 Canadian companies have expressed interest in investing in Saudi Arabia's digital transformation, seeking to leverage opportunities in the Saudi telecommunications and...

Economy

Saudi Stock Exchange Ends Trading Higher

the financial - 9 October, 2024

The Saudi Stock Exchange main index ended trading higher today, gaining 113.55 points to close at 12027.17 points.The total value of trading reported was...

Economy

UAE-Serbia Cepa set to add $351m to GDP

the financial - 9 October, 2024

The UAE signed its latest Comprehensive Economic Partnership Agreement (Cepa) with Serbia on Saturday and said the strategic trade deal would add $351 million...

Economy

India becomes 4th nation with $700b in forex reserves

the financial - 9 October, 2024

India, the world’s fastest growing major economy, has become the fourth economy in the world to surpass $700 billion in foreign reserves, joining China,...

Economy

PIF Forms Partnership with Central Group in Selfridges

the financial - 8 October, 2024

PIF announced today that it will form a strategic partnership with Central Group, a leading retail, real estate and hospitality conglomerate, following PIF’s acquisition...

Economy

Hamdan bin Mohammed: Dubai maintains its ranking as the world’s No. 1 city for attracting Greenfield FDI for the third consecutive year

the financial - 6 October, 2024

Dubai maintained its position as the world’s top city for attracting Greenfield Foreign Direct Investment (FDI) projects in the first half of the year,...

Economy

Aramco Completes $3 Billion International Sukuk Issuance

the financial - 4 October, 2024

Aramco, one of the world's leading integrated energy and chemicals companies, announced in a press release today that it had completed a $3 billion...