Tag: News

SBI Mutual Fund buys Rs 100-crore worth Lenskart stake at $7.7 billion valuation

Synopsis SBI Mutual Fund has invested Rs 100 crore in Lenskart. This investment values the eyewear retailer at Rs 67,762 crore. Lenskart is preparing for...

780 firms move regional HQs to Riyadh, says Saudi investment minister  

RIYADH: Saudi Minister of Investment Khalid Al-Falih said the number of companies that have relocated their regional headquarters to Riyadh has exceeded 780, underscoring the Kingdom’s growing appeal as a global business...

Inside IBM & UAE’s AI Environmental Solution

IBM and UAE will focus on using AI to automate CITES certificate verification, monitor fisheries and enhance ESG reporting Public-private partnerships are a vital component...

Saudi banks expected to enter the Syrian market soon, Damascus’ finance minister reveals

RIYADH: Saudi Arabia is moving toward launching a number of investment funds in multiple sectors within Syria, most notably the Elaf Fund, with an...

MENA early-stage funding progresses steadily

Companies across a range of industries continue to scale up operations RIYADH: Startups operating in the Middle East and North Africa witnessed multiple funding rounds in...

India Quotient raises $129 million in its fifth & largest fund till date

Synopsis India Quotient, a seed-to-early-stage venture capital fund, has successfully raised $129 million for its fifth fund. The firm also announced the elevation of Kanika...

Saudi POS transactions hold above $3bn in mid-October 

RIYADH: Saudi Arabia’s point-of-sale transactions remained above the $3 billion mark for the third consecutive week, underscoring the resilience of consumer activity even as...

Global ESG sukuk market hits record $6.5bn in Q3, set for strong 2026, says Fitch 

RIYADH: The global market for environmental, social and governance sukuk reached a record $6.5 billion in the third quarter, bringing total issuance this year...

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Bitcoin On Ethereum? Circle Launches cirBTC on ETH Targeting $9B WBTC Market

Bitcoin News: Circle has launched cirBTC, a 1:1 BTC-backed...

Emirati startup founders unveil AI-powered innovations at Hub71 Impact 2026

Emirati startup founders showcased AI-powered and advanced technology solutions...

Groww and Zerodha AMCs post nearly 3x growth in AUM over last year

Entry of discount broking firms -- Groww and Zerodha...

Apple launches AI-powered Siri upgrade

Apple has launched an artificial intelligence-powered version of its...

Cloudflare highlights emerging risks and realities of frontier AI models in cybersecurity research

Cloudflare shared new insights into the evolving role of...