Economy

Rising Bharat Summit 2025: Indian entrepreneurs are busy building brain dead startups, not solving real issues, says Vionix Biosciences CEO

the financial - 13 April, 2025

According to Wadhwa, India has a real global advantage in this AI era as it has massive and diverse datasets of people. Vionix Biosciences CEO...

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...

Economy

Federation of Saudi Chambers Opens First Office in Toronto

the financial - 3 October, 2024

The Federation of Saudi Chambers, represented by the Saudi-Canadian Business Council, announced the opening of its first office in Toronto, Canada. This announcement came...

Economy

SAMA 2024 Report Affirms Resilience of Saudi Financial System

the financial - 1 October, 2024

The Saudi Central Bank (SAMA) issued its Financial Stability Report 2024, highlighting national and global trends and significant developments in the Saudi financial system,...

Economy

UAE seeks to boost economic ties with Australia and New Zealand

the financial - 30 September, 2024

The Comprehensive Economic Partnership Agreements (Cepas) being planned with Australia and New Zealand will help the UAE achieve its target of Dh4 trillion ($1.1...

Economy

UAE Central Bank raises economic growth forecast

the financial - 27 September, 2024

The Central Bank of the UAE (CBUAE) raised its forecast for 2024 GDP growth to 4.0 per cent from a previous forecast of 3.9...

Economy

Indian rupee drops against UAE dirham as dollar demand increases

the financial - 26 September, 2024

The Indian rupee dropped on Thursday due to increased dollar demand from importers related to month-end payments and likely unwinding of long positions after...

Economy

India is on track to add $1tr to GDP every 18 months till 2030

the financial - 25 September, 2024

India, the fastest-growing major global economy, is on track to add $1 trillion to its GDP every 1.5 years over the next six years,...

Economy

Emirates Development Bank to support Sharjah’s economic growth

the financial - 23 September, 2024

Emirates Development Bank underlined its commitment to shaping a vibrant and resilient economy in Sharjah at the seventh edition of the Sharjah Investment Forum...

Economy

AED25 billion in issuances of Government Treasury Bonds; Islamic Treasury Sukuk

the financial - 23 September, 2024

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, stressed that the...

Economy

OECD still sees ‘100% commitment’ to finalise global tax pact

the financial - 21 September, 2024

The Organisation for Economic Cooperation and Development (OECD) still sees total commitment from countries seeking to wrap up a global tax pact on highly...

Economy

Reversal of oil cuts to fuel GCC growth in 2025

the financial - 20 September, 2024

The GCC region is poised for a significant rebound, with growth projected to more than double to 4.4 per cent in 2025 as oil...

Economy

IsDB Highlights Strategic Business Opportunities and Economic Cooperation in Brunei

the financial - 17 September, 2024

The meeting, which was co-hosted by the Islamic Development Bank (IsDB) Group and Bank Islam Brunei Darussalam (BIBD) at Sultan Palace in Brunei, in...

Economy

GASTAT: Saudi Annual Inflation Rate Stands at 1.6% in August 2024

the financial - 16 September, 2024

The General Authority for Statistics (GASTAT) released today the Consumer Price Index (CPI) for August 2024.The index shows Saudi Arabia's annual inflation rate held...

Economy

UAE-China Business Forum explores strategies to enhance bilateral trade and investments

the financial - 15 September, 2024

-Ahmed bin Mohammed attends the event, which coincides with celebrations to mark 40th anniversary of the establishment of diplomatic relations between the two countries-...

Economy

UAE bank close to acquiring $5b stake in Indian bank

the financial - 13 September, 2024

A leading UAE-based bank is in talks to acquire a stake in an Indian bank, with an investment expected to be in the billions...

Economy

Council of Economic and Development Affairs Discusses Several Issues

the financial - 12 September, 2024

The Council of Economic and Development Affairs convened via video conference to discuss several agenda items, notably a quarterly presentation from the Ministry of...

Economy

JCCI Hosts Indian Delegation Meeting with Business Owners and Investors

the financial - 11 September, 2024

Jeddah Chamber of Commerce and Industry (JCCI) hosted a meeting yesterday for an Indian delegation that included representatives from major food industry companies. Twenty-five companies...

Economy

DMDF 2024 Concludes with Key Outcomes for Financial Market Growth and Foreign Investment

the financial - 10 September, 2024

The Debt Markets and Financial Derivatives (DMDF 2024) Forum concluded today in Riyadh, resulting in several key outcomes aimed at enhancing Saudi financial markets...

Economy

India-UAE business forum in Mumbai to leverage opportunities in key sectors

the financial - 10 September, 2024

The India-UAE Business Forum is set to explore mutually beneficial trade, investment and partnership opportunities when it takes place in Mumbai on September 10. Organized...

Economy

UAE’s 3.4% Q1 GDP surge reflects economic resilience

the financial - 10 September, 2024

The real gross domestic product of the UAE recorded 3.4 per cent growth year-on-year to Dh430 billion in the first quarter 2024, underlining “the...

Economy

IMF Report: Saudi Arabia Surpasses Vision 2030 Tourism Target

the financial - 9 September, 2024

The International Monetary Fund (IMF) has highlighted Saudi Arabia’s tourism sector as a major contributor to the country’s economic diversification in its 2024 Article...