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Saudi developer Red Sea International plans $75m rights issue to fund expansion

RIYADH: Saudi construction firm Red Sea International Co. plans to raise SR280 million ($74.6 million) through a rights issue to support expansion, strengthen working...

How AI is reshaping the financial services sector in the Gulf

The Gulf is in the midst of a remarkable transformation. Long known for its oil and gas wealth, the region is now betting on...

UAE banking services not interrupted after evacuations, branch closures: Citibank

Dubai: Citibank said its operations in the UAE continue without interruption after the bank evacuated several buildings and temporarily closed some branches as a...

Standard Chartered responds to reports of evacuations at its Dubai offices

Bank says services continue as staff work from home across Middle East officesDubai: Standard Chartered said its operations in Dubai and across the Middle...

Dubai gold dips again as global pressures cool recent rally

Dubai gold prices edge lower while global inflation and oil risks sway marketsDubai: Gold prices in Dubai eased on Thursday morning, giving shoppers a small breather...

Abu Dhabi’s 2PointZero subsidiary buys a stake in US health tech firm Whoop

A subsidiary of the Abu Dhabi-listed 2PointZero Group PJSC has acquired an undisclosed stake in the US-based health tech firm, Whoop, Inc. Financial details of...

Saudi’s Catrion acquires 55% stake in Al Khalejiah Catering for $117.56mln

Saudi Arabia’s Catrion has completed the acquisition of a majority shareholding in Al Khalejiah Catering Company in a deal worth up to SAR 440.86...

UAE’s IHC unit Judan acquires 50.1% stake in US firm Alpha Wave

IHC subsidiary Judan Financial has acquired a 50.1% stake in Alpha Wave Global, a US-based investment management firm. The deal is expected to provide the...

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UAE, Korea explore expanding strategic cooperation in energy, nuclear power, emerging technologies

Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum...

Tech, crypto firms to help tackle illegal wildlife trade

group of leading international technology, ​crypto and other ​businesses...

When AI access disappears overnight: The 12 sovereign models India is betting on

The idea of "sovereign AI" has often been dismissed...

SEBI board to consider reintroducing open-market window for buybacks tomorrow

A key proposal before the board is to reintroduce...

BMW cuts 2026 profit margin outlook over China slowdown, Middle East costs

German luxury carmaker BMW Group revised down its 2026...