Saudi Banks See Record Profits Amid Strong Credit Growth And Debt Market Expansion
RIYADH: Saudi Arabia’s top 10 listed banks recorded all-time high net profits in 2024 of SR79.64 billion ($21.23 billi... Read more
Saudi Arabias Revenue Rises To $336bn In 2024 As Non-oil Income Surges
RIYADH: Saudi Arabia’s total government revenues reached SR1.26 trillion ($336 billion) in 2024, marking a 4 percent i... Read more
Saudi Arabia, IMF Lead Talks On Economic Resilience At AlUla Summit
JEDDAH: Policymakers, economists, and industry leaders will gather in Saudi Arabia next week for the AlUla Conference fo... Read more
PIFs ROSHN, Johnson Controls Arabia Ink Deal To Propel Energy Efficiency In Saudi Arabia
RIYADH: Saudi developer ROSHN has signed a deal with Johnson Controls Arabia to introduce advanced cooling technology, ... Read more
Saudi Arabia Launches New Financing Products To Boost Construction Sector
RIYADH: Saudi Arabia has rolled out Infra-guaranteed financing and surety bonds to support contractors in the constructi... Read more
Pakistan, Saudi Arabia Sign Agreement To Boost Cooperation In Public Sector Auditing
ISLAMABAD: Pakistan and Saudi Arabia have signed a Memorandum of Understanding to increase collaboration in public secto... Read more
Closing Bell: Saudi Indices Close In Red At 12,377
RIYADH: Saudi Arabia’s Tadawul All Share Index dropped on Monday, losing 32.84 points, or 0.26 percent, to close at 12... Read more
OPEC+ Reaffirms Commitment To Production Cuts
RIYADH: OPEC+ members reaffirmed their commitment to production cuts aimed at maintaining stability in the global oil ma... Read more
Oil Updates — Prices Gain As Trump Tariffs Stoke Supply Worries
LONDON: Oil prices rose on Monday after US President Donald Trump imposed tariffs on Canada, Mexico and China, raising f... Read more
Banking, Healthcare To Drive 8% Growth In Saudi Stock Market Profits In 2025: SNB Capital
RIYADH: Saudi stock market profits are set to grow by 8 percent in 2025, with the petrochemical sector driving the incre... Read more
Saudi CMA, Insurance Authority Forge Partnership To Strengthen Sector Oversight
RIYADH: Saudi Arabia’s insurance sector is set to see improved supervision and enhanced growth prospects following a n... Read more
Kuwait Expects 12% Rise In Budget Deficit To $20bn For 2025-2026
JEDDAH: Kuwait’s government projected its budget deficit to rise by 11.9 percent to 6.31 billion Kuwaiti dinars ($20.4... Read more
Saudi Arabia, Germany Ink 200k-tonnes Green Hydrogen Export Deal
RIYADH: Saudi Arabia and Germany have signed an agreement to export 200k tonnes of green hydrogen annually from the King... Read more
RLC Global Forum To Address The Future Of Saudi Arabias Retail Landscape
RIYADH: Over 100 speakers from more than 600 organizations will convene at the Retail Leaders Circle Global Forum 2025 i... Read more
GCC Equity Markets Post Monthly Gains In January: Markaz
RIYADH: Equity markets in the Gulf Cooperation Council countries saw strong growth in January, with Kuwait and Saudi Ara... Read more