Finance

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...

PPF Calculator: How much should you invest in PPF for long-term financial goals?

The advantages of tax savings and tax-exempt returns make PPF an excellent option for achieving one's long-term financial objectives. Public Provident Fund (PPF) is regarded...

Dubai equity benchmark set to rise 20% this year

This year is turning out to be yet another magnificent one for Dubai stocks. The DFM index, which rallied by 22 per cent in...

Alif Capital strikes deal to acquire 25% stake in UAE-based lifestyle products supplier Sunex Group

The stake acquisition marks Aliph’s entry into the lifestyle sector Alif Capital, the first female-founded private equity fund in the Middle East, announced the acquisition...

Saudi Arabia approves FY2025 budget, forecasts $27bn deficit amid expansionary spending

RIYADH: Saudi Arabia on Tuesday approved the state budget for fiscal year 2025 with revenues projected at SR1.18 trillion ($315.73 billion) and expenditure at...

Dubai regulator imposes $2.5mn in fines in financial services crackdown

The DFSA finalised eight enforcement actions and issued 24 alerts in 2024 Dubai’s financial regulator has imposed fines totalling more than $2.5 million this year...

2024 U.S. election and its impact on financial markets, UAE, and the Middle East

As November 5, approaches, the world is watching the U.S. Presidential election closely. This fiercely contested race between Former President Donald Trump and Vice...

Saudi B2B Fintech Mala Secures $7 Million Seed Funding

Mala, a Saudi-based B2B platform, has successfully closed a $7 million (26.25 million Saudi Riyals) pre-seed funding round. The investment was led by VentureSouq, with...

IMF predicts slightly slower global growth in 2024 and 2025

Global growth is expected to ease slightly to 3.2 percent this year and remain at that level in 2025, the IMF announced Tuesday, while...

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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...