Tag: News

ITFC Signs $100 Million Financing Agreement to Support Businesses in Türkiye

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank Group, on Tuesday signed a $100 million financing agreement with...

Dubai: Indian businesses top list of new companies in first half of 2024

Indian investors topped the list of new non-Emirati companies joining the Dubai Chamber of Commerce during the first half of this year, a recent...

UAE: Islamic insurance firm records Dh7.9-million profit despite April rains

Shariah-compliant insurer Watania International Holding (WIH) swung back into black in the first half of 2024, posting a Dh7.9-million net profit — compared to...

IPOs raise $2.64 billion in H1 as Mena outlook stays robust

The Middle East and North African IPO market is poised to see robust activity in the remainder of 2024 with an additional 16 private...

Cybersecurity firm to use UAE as base to expand in region

TAC Security, a leading global cybersecurity company specialising in vulnerability management, is planning to open its first office in the Middle East in Dubai,...

Tether Sets Sights on AI and Emerging Tech Amid Surging Profits

Tether is redirecting its rising profits into artificial intelligence (AI) and emerging technologies under the leadership of CEO Paolo Ardoino. Tether’s 5.5% Interest Rate on...

People leave New Zealand in record numbers as economy bites

People are leaving New Zealand in record numbers as unemployment rises, interest rates remain high and economic growth is anaemic, government statistics show. Data released...

New telemarketing rules in UAE: Full list of fines explained as laws go into effect from August 27

The UAE’s new telemarketing regulations are set to come into effect from August 27, as per the UAE Government. The authority announced new laws for telemarketers in...

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Info Edge commits Rs 250 crore to new B8 Fund I to back growth-stage tech startups in India

Info Edge has approved a commitment of up to...

Scoop confirmed: AI platform MeltPlan raises $10 million to make construction boring

MeltPlan, a pre-construction AI platform, today said it has...

Indian agentic AI startup Gushwork raises $9 million to expand engineering teams

Gushwork, an agentic AI startup raised a $9 million...

Nvidia forecasts upbeat sales on AI chip demand, talks up long-term prospects 

SAN FRANCISCO: Chipmaker Nvidia forecast first-quarter revenue above market estimates...

IIT Madras alumnus-founded deeptech startup Tattvam AI raises $1.7 million in funding

Tattvam AI, a deeptech startup building AI systems to...