Saudi Bank Loans Reach Highest Growth Rate In 19 Months, Surpassing $761bn
RIYADH: Saudi bank loans reached SR2.85 trillion ($760.84 billion) in September, representing an annual growth rate of 1... Read more
Closing Bell: GCC Stock Markets Up In Wake Of Trumps Election Win
RIYADH: Following Donald Trump’s victory in the US presidential election, stock markets across the Gulf Cooperation Co... Read more
ACWA Power Reports 16% Profit Increase Amid Record Project Launches
RIYADH: ACWA Power, the Saudi-listed energy and water desalination company, has announced a 16 percent increase in its p... Read more
MODON Signs Contracts Worth Over $533m To Establish Industrial Complexes In Makkah, Al-Kharj
JEDDAH: Agreements to invest over SR2 billion ($533 million) in new industrial complexes will bring growth and job oppor... Read more
UAE Banking Sectors Net International Reserves Grow 11% By July 2024
RIYADH: The UAE’s banking sector saw a significant increase in its net international reserves, which rose by 11.1 perc... Read more
Logistics and Healthcare Startups To Get Boost From Saudi Government, assistant Deputy Minister Says
RIYADH: Saudi Arabia is set to launch multiple programs to boost its rapidly expanding startup ecosystem, focusing on ... Read more
Biban 24 Sees Deals Worth Over $359m On Its 2nd day
RIYADH: Agreements totaling SR1.35 billion ($359 million) were signed on the second day of Biban 24, a key event focused... Read more
Startup Wrap – Saudi VCs Pour Capital Into Ventures Through Strategic Investments
RIYADH: Saudi venture capital firms are fueling regional innovation through substantial investments and new initiatives.... Read more
Oil Updates – Crude Gains More Than $1/bbl On Reports Iran Preparing Strike On Israel
SINGAPORE: Oil prices extended gains on Friday, climbing more than $1 a barrel to pare weekly losses, as geopolitical te... Read more
Saudi Arabias Wafi Energy Becomes Majority Shareholder In Shell Pakistan
ISLAMABAD: Wafi Energy Holding has become the majority shareholder of Shell Pakistan after Shell Petroleum Co., a subs... Read more
Saudi Banks Credit Card Loans Surge 14%, Reach A Record High Of $8.07bn
RIYADH: Credit card loans by Saudi banks hit a record high of SR30.27 billion ($8.07 billion) in the third quarter of 20... Read more
Oil Extends Gains On Reports Iran Preparing To Strike At Israel
SINGAPORE: Oil prices extended gains in early Asian trade on Friday, following reports that Iran was preparing a retalia... Read more
Red Sea Global Secures $1.5bn For AMAALA Infrastructure project
JEDDAH: Red Sea Global has announced the financial closing of a multi-utility infrastructure development project for the... Read more
Blue Tech Needs Private Sector Boost, Says RSG Official
RIYADH: Private sector firms need to lead the way and invest in so-called blue tech in order to protect the world’s oc... Read more
Saudi-US Bilateral Accords Not That Connected To Israel Normalization
RIYADH: Saudi Arabia’s foreign minister said on Thursday that some of the bilateral agreements the kingdom has been ne... Read more