Qatar Stock Exchange Gains Momentum for Second Straight Session, Adds QR1.66bn in Capitalization
The Qatar Stock Exchange (QSE) continued its bullish momentum for the second consecutive session, buoyed by anticipation ahead of key…
Category: Business
UK Banks Can Weather Crisis Without Taxpayer Bailouts, Says Bank of England
London — HSBC, Barclays, Lloyds, NatWest, and Britain’s other top eight banks could be wound down in a crisis without…
Saudi Ministry of Media Launches Media Business Accelerator in Partnership with Chinese Firms
The Saudi Ministry of Media, through the Saudi Media Academy, launched a new media business accelerator on Saturday, partnering with…
Rupee Averts Record Low on Likely RBI Intervention Amid Local Equities Slide
The Indian rupee narrowly avoided hitting a record low on Monday, bolstered by likely intervention from the Reserve Bank of…
Modon Holding Reports Dh8.74 Billion Net Profit for H1 2024
Abu Dhabi-based Modon Holding has announced a substantial net profit of Dh8.74 billion for the first half of 2024, highlighting…
Saudi Awwal Bank Becomes First in Kingdom to Receive Local Content Certificate
Saudi Awwal Bank (SAB) has made history by becoming the first bank in Saudi Arabia to receive the prestigious Local…
Global Earnings Fall Short of Expectations, Leaving Investors Disappointed
As the latest earnings season unfolds, global corporate results have managed to meet expectations but not surpass them, leading to…
Gold Prices Firm on Rate Cut Hopes as Fed Meeting Approaches
Gold prices edged higher today, buoyed by growing investor optimism that the Federal Reserve may implement a rate cut in…
UAE and Saudi Arabia Emerge as Top Investor Destinations in MENA Region
The United Arab Emirates (UAE) and Saudi Arabia have solidified their positions as the leading investment destinations in the Middle…
One of the Largest Sovereign Wealth Funds in the World Opens a Representative Office in Riyadh
In a significant move to enhance economic and investment cooperation, the Kuwait Investment Authority (KIA) has announced the opening of…