Closing Bell: Saudi Arabias TASI Ends In The Red, Trading Volume Hits $2.95bn
RIYADH: The Tadawul All Share Index concluded the last session of the week at 11,791.18 points, down by 139.27 points or... Read more
IsDB, Multilateral Banks Aim For $120bn In Annual Climate Finance By 2030
RIYADH: Multilateral development banks are aiming to mobilize $120 billion annually by 2030 for climate financing in low... Read more
Leaders Stress Urgent Need For Climate Finance At COP29 Ministerial Dialogue
RIYADH: Global climate finance continues to fall short of expectations, as leaders gathered at the COP29 Ministerial Dia... Read more
IEA Sees 2025 Oil Market In Supply Surplus
LONDON: The world’s oil supply will exceed demand in 2025 even if OPEC+ cuts remain in place, the International Energy... Read more
Worlds Largest Green Hydrogen Plant On Track For 2026 Launch In Saudi Arabia, CEO Says
BAKU: The world’s largest green hydrogen plant, which is under construction in Saudi Arabia, is on-track to begin prod... Read more
Startup Wrap – Saudi VC Space Continues To Play Pivotal Role In SMEs Growth As Biban 24 Delivers Deals
RIYADH: Saudi Arabia’s venture capital ecosystem continues to boost the regional startup space, with one company plowi... Read more
Saudi Central Bank Lowers Benchmark Rate By 25 Bps Following US Fed Decision
RIYADH: Saudi Arabia’s central bank has implemented its second interest rate reduction of 2024, lowering the benchmark... Read more
Oil Updates – Prices Fall More Than 1 Percent As Hurricane Rafael Risk Recedes
LONDON: Oil prices fell on Friday on receding fears over the impact of Hurricane Rafael on oil and gas infrastructure in... Read more
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