Tag: News

Saudi Arabia to serve as regional HQ for fintech growth, says Paymentology CEO 

RIYADH: Saudi Arabia is emerging as a key fintech hub in the Middle East, prompting the UK-based card issuing and payment processing firm Paymentology...

Awfis opens 50,000 sq ft co-working centre in Mumbai

Synopsis In a regulatory filing on Monday, Awfis informed that it has launched a new centre spanning about 50,000 sq ft chargeable area in Supreme...

Fintech startup Niro shuts business after failing to raise capital amid regulatory crackdown

Synopsis Fintech startup Niro has shut down after four and a half years. The company cited changes in the sector and difficulties in securing new...

Saudi reforms, rate cuts propel GCC equities to 2-year high

RIYADH: Gulf equities staged their sharpest rally in almost two years in September, lifted by synchronized central bank rate cuts and Saudi Arabia’s signal...

Saudi Arabia’s non-oil growth hits 6-month high as PMI climbs to 57.8 

RIYADH: Saudi Arabia’s non-oil sector surged in September, with the Riyad Bank Purchasing Managers’ Index hitting 57.8 — the strongest reading since March, according...

Cleantech startup EcoEx secures $4 million led by Dovetail Global

Synopsis Founded in 2020 by Nimit Aggarwal and Akshaya Rath, the startup operates in the waste management space. It collects, trades in waste commodities, and...

Closing Bell: Saudi main market opens week in green at 11,528 

RIYADH: The Saudi Exchange ended Sunday’s session higher, with the Tadawul All Share Index rising 0.29 percent to close at 11,528.59 points, gaining 32.87...

Nykaa projects mid-20% net revenue growth in Q2 due to early festive season

FSN E-Commerce, the parent of online beauty and fashion retailer Nykaa, said that its consolidated net revenue growth in the September quarter is expected to be at...

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Saudi Exchange shows resilience on Aramco shares, defying regional trend

RIYADH: Saudi Arabia’s Tadawul All Share Index showed signs...

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...