Saudi Arabia Financial News

Saudi Arabia’s crown prince says the kingdom wants to invest $600 billion in the United States over the next four years, comments that came after President Donald Trump mused about returning to the kingdom as his first foreign trip

Newgen Software Technologies slid by 17% to an intraday low of Rs 1294.6 on the BSE despite posting healthy Q3 numbers. The company’s profit after tax (PAT) stood at Rs 89 crore during the third quarter ended December 2024, which was up 30% YoY compared to Rs 68 crore in Q3FY24. Further, the revenue from operations witnessed a growth of 18% YoY, reaching Rs 381 crore.

high Treasury rates hamper weaker credits from tapping international capital. While a recent surge in US bond yields has abated for now, investors fear the upward moves will resume after President-elect Donald Trump takes office on Monday, given his support for trade-tariff hikes and mass deportations, policies that are considered inflationary.

Subscribe to enjoy similar stories. No sooner had it unleashed the first of its drones at Israel on November 8th than the Iraqi militia published an image of missiles streaking through the sky. Israel said its aerial defences had thwarted the attack by al-Nujaba (“the Nobles").

Domestic demand for C&W products remains robust, fuelled by rapid electrification, infrastructure development, and growth in sectors such as power transmission and distribution (T&D), real estate, and transportation. This demand is projected to drive an 11-13% CAGR in the domestic market from FY24 to FY27.

CEAT and FMCG major Hindustan Unilever Ltd have joined the Global Lighthouse Network of the World Economic Forum for transforming manufacturing through innovation. Announcing 17 new members to the network, the WEF on Tuesday said this community of 189 industry leaders is pioneering the use of cutting-edge Fourth Industrial Revolution technologies in manufacturing.

e-commerce exports have seen a commendable rise. An EY-Assocham study put the country’s e-commerce exports at $4-5 billion in FY23, with a target of $200 billion by 2030. E-commerce has helped give small businesses a level playing platform to sell to a much bigger market. The business requires minimal investment and with enablers and push from global players like Amazon, eBay as well as cross-border payment platforms like Payoneer, e-commerce export is becoming a lucrative option for many MSMEs in India.

RIL, Infosys, GAIL, Axis Bank, HDFC Life among others will be in focus due to various news developments and third quarter results. RIL, Infosys, Axis Bank, LTIMindtree Shares of RIL, Infosys, Axis Bank and LTIMindtree will be in focus as the companies will announce their third quarter earnings today.

Welspun Corp Ltd on Wednesday said it has signed a pact with Saudi Aramco to establish a Longitudinal Submerged Arc Welded (LSAW) line pipe manufacturing facility in Saudi Arabia. The facility, located in Dammam 3rd Industrial City, will have an annual production capacity of 350,000 MT and is expected to commence operations by mid-2026, the company said in a statement.

Joao Fonseca definitively introduced himself to the world as the latest teen sensation in men's tennis on Tuesday night, upsetting No. 9 seed Andrey Rublev 7-6 (1), 6-3, 7-6 (5) in the first round of the Australian Open. It was quite a debut in the main draw of a Grand Slam tournament for the 18-year-old Brazilian, who is currently ranked 112th and made it into the bracket at Melbourne Park by winning three matches in qualifying rounds last week.

January 2025 transfer window is open and big names could be on the move, from Marcus Rashford to Khvicha Kvaratskhelia. The January window is effectively the last chance for clubs to make a major move to revive an ailing season or strengthen the push for silverware or Champions League qualification.

Kaja Kallas, the European Union foreign policy chief, said the foreign ministers would convene in Brussels on January 27 in an effort to decide how the 27-nation bloc would relax sanctions on Syria. After 13 years of civil war, Syria's President Bashar al-Assad was ousted in a lightning offensive by insurgent forces led by the Islamist Hayat Tahrir al-Sham a month ago. The group has since set up a caretaker government in Damascus. Any European decision to ease sanctions would be conditional on the new Syrian administration's approach to governing, which must include «different groups» and women and «no radicalisation», Kallas said, without elaborating. «If we see the developments going to the right direction, we are ready to do the next steps...If we see that it's not going to the right direction, then we can also move back on this.»

Indian gem and jewellery market, currently valued at USD 85 billion, is poised for rapid growth, projected to reach USD 130 billion by 2030 according to the Gem & Jewellery Export Promotion Council (GJEPC), the apex trade body of the gem and jewellery industry. While addressing a press conference Vipul Shah, chairman of GJEPC said “GJEPC has invested Rs 150 crores in the global generic promotion of diamonds till date. To strengthen this effort, GJEPC partnered with De Beers to promote diamonds through Retail Alliance in India, with a formal MoU signed on January 7."” De Beers Group, the world’s leading diamond company, and GJEPC announced the commencement of a strategic collaboration to strengthen the natural diamond narrative within the Indian gem and jewellery trade.

A spokesperson of the Immigration department at Karachi's Jinnah International Airport said, among them, 14 had Pakistani passports, while 244 were deported on emergency travel documents. «We arrested 16 deportees at the Karachi airport, including one with a suspicious identity, while the rest were released after questioning,» he said.

Subscribe to enjoy similar stories. Saudi Arabia and other Arab states are jockeying for influence with Syria’s Islamist government, hoping to gain an advantage on rivals in the strategically positioned country despite misgivings about the jihadist past of its new leaders.

American detainees in Afghanistan by offering to free Muhammad Rahim al-Afghani, a high-profile al-Qaeda operative and close aide of Osama bin Laden, currently held at Guantanamo Bay.

General Joseph Aoun, the country's army chief, as president, effectively ending a two-year presidential vacancy. This election marks a pivotal moment in Lebanon's political landscape, with potential implications for regional dynamics.

Subscribe to enjoy similar stories. Bayt al-Hikma, or the House of Wisdom in Baghdad, emerged in the ninth century—even before the Accademia dei Lincei in Rome, widely considered the first academy of sciences. The Banu Musa brothers, sons of an astronomer in Baghdad, created the first machine with a stored program there and scientific textbooks from the institute were translated and made their way to Europe.

Aeromexico is the most on-time airline in the world, according to a data company that compiled figures for 2024