Global Borrowing Hits $25tn In 2024, Raising Debt Sustainability Fears: OECD
RIYADH: Global borrowing hit a record $25 trillion in 2024, a $10 trillion surge from pre-pandemic levels, sparking conc... Read more
Global Economic Growth To Average At 3.1% In Next 5 Years: IMF Official
RIYADH: Global economic growth is expected to average around 3.1 percent in the next five years, below the pre-pandemi... Read more
Saudi Arabias PIF At Forefront As Gulf SWFs Approach $18tn By 2030
RIYADH: Saudi Arabia’s sovereign wealth fund and five of its regional counterparts are on track to control $18 trillio... Read more
Tabuks Business Journey — A Navigation Of Growth And Vision
RIYADH: A young workforce, strong demand and attractive tourist offerings are helping transform Tabuk into one of Saudi... Read more
How Saudi Arabia Is Engineering A Water-secure Future
JEDDAH: Saudi Arabia is tackling water scarcity with bold steps toward a sustainable future. Through its National Water... Read more
Fintech, Gaming, And Health-care Capture Venture Interest
RIYADH: Startups across the Middle East and North Africa region continue to attract investor interest, with fintech, ga... Read more
Saudi Banks Shift Focus To Debt Markets During Sukuk Surge
RIYADH: As Saudi Arabia’s financial system turns increasingly to debt markets for funding, it will face new opportunit... Read more
Gold Set For 3rd Weekly Gain As Investors Seek Safe Haven
BENGALURU: Gold prices fell on Friday, but were poised for a third straight weekly gain, bolstered by safe-haven demand ... Read more
Oil Updates — Crude Rebounds As Ukraine Ceasefire Deal Remains Elusive
SINGAPORE: Oil prices rebounded on Friday to recover some of their losses of more than 1 percent in the previous session... Read more
IEA Sees Global Oil Market Surplus For 2025 As Demand Disappoints
LONDON: Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agen... Read more
Oil Updates — Crude Slips Amid Macroeconomic Concerns Despite Firm Demand Expectations
LONDON: Oil prices slipped on Thursday after a surge in the previous session on a larger-than-expected draw in US gasoli... Read more
Closing Bell: Saudi Main Index Closes In Green At 11,725
RIYADH: Saudi Arabia’s Tadawul All Share Index gained 20.95 points, or 0.18 percent, closing at 11,725.88 on Thursday.... Read more
Saudi Money Supply Up 9% To Hit $791bn In January
RIYADH: Saudi Arabia’s money supply climbed to SR2.97 trillion ($791 billion) in January, marking a 9 percent annual r... Read more
BSF, Diriyah Co. Ink $1.6bn Financing Deal To Develop Wadi Safar Project
JEDDAH: Banque Saudi Fransi has signed a financing deal worth SR6 billion ($1.6 billion) with Diriyah Co. to develop the... Read more
UAE Joins Dividend Surge As Global Payouts Hit Record $1.75tn In 2024
RIYADH: The UAE was among 17 countries setting new dividend records in 2024 as global payouts surged to a record $1.75 t... Read more