Business

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

Eng. Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at the Ministry of Energy and Infrastructure (MoEI), received Kim Jung-kwan, Minister of Trade,...

Tech, crypto firms to help tackle illegal wildlife trade

group of leading international technology, ​crypto and other ​businesses on Monday announced plans to ​help stamp out the illegal trade in wildlife. Announcement made as...

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

The idea of "sovereign AI" has often been dismissed as techno-nationalist rhetoric, an idea which is considered expensive, duplicative and largely unnecessary in a...

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...

Global Markets: Stocks set for tough week, oil eyes strong gains as Middle East war rages

Oil prices set for largest weekly rise since Russia’s invasion of Ukraine Stocks take a beat, ‌but Asia shares set for 6 percent weekly fall Yields...

Saudi POS spending rises 4.5% to $3.8bn in late February: SAMA

RIYADH: Saudi Arabia’s point-of-sale spending rose 4.5 percent to SR14.5 billion ($3.8 billion) in the week ending Feb. 28, even as the number of transactions declined. According to the latest data from...

Saudi Exchange shows resilience on Aramco shares, defying regional trend

RIYADH: Saudi Arabia’s Tadawul All Share Index showed signs of resilience on March 2, buoyed by gains in Saudi Aramco, even as the Middle...

Lumi Rental profit rises 10% in 2025 on leasing growth, stronger pricing 

RIYADH: Saudi Arabia’s Lumi Rental Co. posted a 9.9 percent rise in 2025 net profit to SR198.1 million ($52.81 million) as higher leasing revenue and improved...

Free trade negotiations between GCC, India mark a new phase of partnership, says secretary-general

RIYADH: The Gulf Cooperation Council’s secretary-general affirmed that the negotiations for a free trade agreement between the GCC and India, and the signing of...

UAE raises $150m in first 7-year Islamic treasury sukuk amid strong demand 

JEDDAH: The UAE raised 550 million dirhams ($150 million) from its first 7-year Islamic treasury sukuk, part of a dual-tranche auction that drew strong...

Startup Wrap: MENA ventures draw $190m in multi-sector funding wave

RIYADH: Startups across the Middle East and North Africa have secured fresh capital spanning fintech, artificial intelligence, cybersecurity, and beyond, reflecting sustained investor appetite...

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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...