Tag: News

Looming launch: What do e-invoices exactly mean for businesses in the UAE

UAE moves to digital invoices: timelines, compliance risks and what firms must changeDubai: Starting this July, the UAE is preparing to overhaul how businesses...

Emirates NBD posts record Dh29.8b profit before tax on strong lending, expanding balance sheet

Total income climbed 12 per cent to Dh49.3 billion, supported by broad‑based momentum across both funded and non‑funded income lines Emirates NBD on Monday reported...

ADIB profit jumps to Dh8.1b; delivers dividend boost

The board proposed a cash dividend of 97 fils per share, lifting the total payout for the year to Dh3.5 billion, equivalent to 50...

GCC growth set to accelerate as UAE leads non-oil expansion drive

In its latest regional assessments, the IMF projected that GCC economies will continue to outperform many emerging and advanced markets in 2026 The GCC economies...

UAE joins US-led AI supply chain initiative Pax Silica, bolsters economic ties

The programme is a key pillar of the Trump administration’s economic statecraft strategy to reduce dependence on rival nations and strengthen cooperation among allied...

Dubai Chambers explores expanding business cooperation with Illinois

Trade relations between Dubai and the United States remain strong, with bilateral non-oil trade reaching $31.71bln in 2024, representing annual growth of 10% DUBAI -...

Saudi public investment fund assets grow 36% to $58.11bn in Q3 2025

RIYADH: Assets held by public investment funds in Saudi Arabia rose 36 percent from a year earlier to about SR217.9 billion ($58.1 billion) by the...

Red Sea International subsidiary obtains $53mln credit line

Red Sea International’s subsidiary, The Fundamental Installation for Electric Work Co (First Fix), has secured a banking facility with Saudi National Bank for financing...

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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...