US Economy Grew At Weak 1.1% Rate In First Quarter
WASHINGTON: The US economy slowed sharply from January through March, decelerating to just a 1.1 percent annual pace as... Read more
Yen Slumps To 9-year Low Vs Euro After BOJ Maintains Ultra-low Rates
SINGAPORE/LONDON: The Japanese yen fell to a nine-year low against the euro on Friday after the Bank of Japan left its ... Read more
Oil Updates — Prices Head For Another Monthly Decline As Weak US Data Weighs
LONDON: Oil prices were heading for another monthly decline on Friday after disappointing US economic data and uncertai... Read more
Sales From Social Development Bank-backed Saudi Productive Families Exceed $3.46m In 2022
RIYADH: Sales from businesses run by Saudi families which received funding from the government-backed Social Development... Read more
UAE In-focus: ADIB Q1 Net Profits Rise 54% To $300m
RIYADH: Abu Dhabi Islamic Bank announced a 54 percent increase in net profit to 1.1 billion dirhams ($300 million) in th... Read more
Egypts Asset Sales Delay To Strain Currency Further: Moodys
RIYADH: As Egypt’s asset sales have been slower than anticipated, the pressure on currency depreciation will continue ... Read more
Closing Bell: Saudi Benchmark Index Ends The Week In Red, Slips 0.32%
RIYADH: Saudi Arabia’s Tadawul All Share Index concluded the week in the red by slipping down 36.03 points, or 0.32 pe... Read more
Saudi Arabia On Target To Outpace Vision 2030 Goals, According To Annual Report
RIYADH: Saudi Arabia’s Vision 2030 plan to diversify the Kingdom’s economy is ahead of many of its targets as it pic... Read more
Apple Tries To Woo India With Investment, Job Opportunities
NEW DELHI: Apple is trying to woo India with investment commitments, as its chief met Prime Minister Narendra Modi and ... Read more
South Korea Announces $15bn Investment In Advanced Battery Technologies
SEOUL: The South Korean government and its top battery companies plan to jointly invest 20 trillion won ($15.1 billion) ... Read more
Oil Updates — Crude Prices Slip; Pakistan Places First Order For Discounted Russian Crude
RIYADH: Oil prices were down in Asian trade on Thursday as the US dollar strengthened on rate-hike expectations, and the... Read more
Aramco And SABIC Dispatch First Accredited Low-carbon Ammonia Shipment To Japan
A first shipment of independently-certified low-carbon ammonia has arrived in Japan for use as fuel in power generation.... Read more
UAE In-Focus – Dubai Real Estate Transaction Value Surges 80% To $42.7bn In Q1
RIYADH: Dubai’s real estate sector recorded an 80 percent increase in transaction value to 157 billion dirhams ($42.7... Read more
Stc Groups TAWAL Expands Its Footprint To Europe With United Group Tower Purchases
RIYADH: TAWAL, the information and communication technology subsidiary of stc Group, has expanded its footprint to Europ... Read more