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Apple faces $1 billion UK lawsuit by app developers over App Store fees

More than 1,500 app developers in the United Kingdom brought a £785 million ($1 billion) class action lawsuit against Apple Tuesday over its App Store...

Saudi National Bank second quarter net profit up 9 pct, beating estimates

Saudi National Bank (SNB) on Tuesday reported a 9.3 percent jump in net profit for the second quarter compared with the prior-year period, on...

Crypto exchange Rain to target UAE asset managers after winning license

Middle Eastern crypto exchange Rain said on Tuesday its Abu Dhabi unit obtained a license to operate a virtual assets brokerage and custody service...

Saudi oil exports down 40 percent in May yoy: Stats agency

Saudi oil exports fell almost 40 percent in May from the same period a year ago, latest government data released on Tuesday showed, weighing...

Dubai’s stock market DFM hits an eight-year high, lifted by a real estate boom

Buoyed by a surge in real estate activity, the Dubai Financial Market has reached its highest point in nearly eight years and extended year-to-date...

UAE aims to grow economy 7pct, reach over $800 bln by 2030: Minister

The United Arab Emirates is looking to accelerate economic growth in the coming years as it seeks to double its gross domestic product to...

Saudi Arabia’s Rawabi Energy successfully concludes financing deal worth $1.91 bln

Rawabi Energy and its subsidiaries announced on Sunday the successful conclusion of one of the largest private sector syndicated financing in the Kingdom of...

Non-oil focus fuels optimism for Saudi, UAE startups, investors amid global slump

Startups in the UAE and Saudi Arabia are weathering the effects of a global economic downturn and adapting to the changing needs of consumers,...

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Porter’s 10-Year Grind: From Intracity To An INR 2.8K Cr Pan-India Logistics Business

SUMMARY Porter was among the first movers in the hyperlocal...

How Snitch Stitched An INR 500 Cr Revenue Run In 5 Years

SUMMARY Founded in 2019, Snitch is a men-focussed fast-fashion brand...

Zee Invests In Content Startup Bullet To Enter Microdrama Universe

SUMMARY Zee Entertainment is investing in content startup Bullet to...

Non-oil sector drives Saudi Arabia’s GDP growth to 3.4% in Q1: GASTAT 

Wholesale and retail trade, restaurants, and hotels lead at...

This startup aims to replace Rs 4,000/month AI tools with AI agents you can hire like freelancers

In the last two years, artificial intelligence has become...