Finance

Saudi finance minister calls for flexible Arab cooperation amid global challenges

the financial - 15 April, 2025

RIYADH: Saudi Arabia has reaffirmed its commitment to strengthening joint Arab financial cooperation, with a leading minister emphasizing the Kingdom’s support for regional bodies. At...

TCS CEO Krithivasan expects tariff ‘uncertainty’ to be ‘resolved soon’: Report

the financial - 15 April, 2025

The CEO says a $50-billion revenue target by 2030 is still a 'possibility'Tata Consultancy Services’ chief executive officer K Krithivasan believes the IT major...

Closing Bell: Saudi main index closes in green at 11,502

the financial - 14 April, 2025

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Thursday, gaining 405.89 points, or 3.66 percent, to close at 11,502.54. The total trading turnover of...

Finance

This too shall pass: How to navigate market movements in turbulent times

the financial - 12 February, 2025

Market corrections, though uncomfortable, play a crucial role in investment cycles by shaking out excesses and creating opportunities for discerning investors. By maintaining perspective,...

Finance

PPF Calculator: How much should you invest in PPF for long-term financial goals?

the financial - 7 January, 2025

The advantages of tax savings and tax-exempt returns make PPF an excellent option for achieving one's long-term financial objectives. Public Provident Fund (PPF) is regarded...

Finance

Dubai equity benchmark set to rise 20% this year

the financial - 9 December, 2024

This year is turning out to be yet another magnificent one for Dubai stocks. The DFM index, which rallied by 22 per cent in...

Banking

Alif Capital strikes deal to acquire 25% stake in UAE-based lifestyle products supplier Sunex Group

the financial - 8 December, 2024

The stake acquisition marks Aliph’s entry into the lifestyle sector Alif Capital, the first female-founded private equity fund in the Middle East, announced the acquisition...

Finance

Saudi Arabia approves FY2025 budget, forecasts $27bn deficit amid expansionary spending

the financial - 27 November, 2024

RIYADH: Saudi Arabia on Tuesday approved the state budget for fiscal year 2025 with revenues projected at SR1.18 trillion ($315.73 billion) and expenditure at...

Finance

Dubai regulator imposes $2.5mn in fines in financial services crackdown

the financial - 27 November, 2024

The DFSA finalised eight enforcement actions and issued 24 alerts in 2024 Dubai’s financial regulator has imposed fines totalling more than $2.5 million this year...

Finance

2024 U.S. election and its impact on financial markets, UAE, and the Middle East

the financial - 1 November, 2024

As November 5, approaches, the world is watching the U.S. Presidential election closely. This fiercely contested race between Former President Donald Trump and Vice...

Finance

Saudi B2B Fintech Mala Secures $7 Million Seed Funding

the financial - 28 October, 2024

Mala, a Saudi-based B2B platform, has successfully closed a $7 million (26.25 million Saudi Riyals) pre-seed funding round. The investment was led by VentureSouq, with...

Finance

IMF predicts slightly slower global growth in 2024 and 2025

the financial - 25 October, 2024

Global growth is expected to ease slightly to 3.2 percent this year and remain at that level in 2025, the IMF announced Tuesday, while...

Finance

TASI records lowest volume of trading in a month, falling to 11,883 points

the financial - 21 October, 2024

RIYADH — Tadawul All Share Index (TASI), the Saudi main stock index, ended the first session of the week on Sunday down 24.5 points (0.2...

Finance

Volume of investments accounts for SR18 billion in KAEC

the financial - 21 October, 2024

JEDDAH — Makkah Deputy Emir Prince Saud bin Mishaal received Fahad Al-Saif, chairman of Emaar, The Economic City, the main developer of King Abdullah Economic...