Tag: News

World Bank establishes regional hub in Riyadh 

RIYADH: The World Bank has opened a new regional hub in Riyadh to serve the Middle East, North Africa, Afghanistan, and Pakistan, as the...

PhonePe files draft prospectus for $1.5 billion IPO with Sebi through confidential route

Synopsis PhonePe, supported by Walmart, has confidentially filed its DRHP with SEBI. The digital payments platform reduced its net loss by 13.4% to Rs 1,727.4...

OECD upgrades Saudi Arabia’s economic growth forecast to 3.9% in 2026

RIYADH: Saudi Arabia’s economic growth forecast for 2026 has been increased to 3.9 percent by the Organization for Economic Cooperation and Development — up...

Startup wrap — Early stage funding maintains growth momentum in MENA

Startup funding witnessed a 74% year-on-year increase in August RIYADH: Startups across the Middle East and North Africa region witnessed multiple funding rounds in the...

Closing Bell: Saudi main market closes in green with 10,876 points

RIYADH: The Saudi Exchange closed higher on Monday, with the Tadawul All Share Index climbing 0.63 percent to finish at 10,876.42 points, gaining 67.74...

Quick commerce firms bulk up store networks to speed up festive ops

Synopsis India’s quick commerce firms are racing to expand ahead of the festive season, focusing on faster deliveries over discounts. Blinkit added up to 200...

Suez Canal Economic Zone reports 38% revenue growth, secures $6.3bn in projects

RIYADH: The Suez Canal Economic Zone has attracted $6.3 billion in new investments across 155 projects over the past 14 months, while reporting record...

Sports gaming startup Underdog bolsters C-suite days after event contracts launch

Synopsis The company, which offers fantasy sports games and licensed sports betting, has appointed Rishi Garg as its chief financial officer. The hires could help...

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When AI Speaks for Your Brand, Who Owns the Trust

Trust Has Become a Strategic Asset In 2026, the question...

Billionaire Deepinder Goyal raises $54 million for his new wearable startup Temple

Weeks after stepping down as Group CEO of Zomato...

Saudi stocks plunge, other GCC markets set to open in negative territory

Analysts believe that investors will be gravitated towards defensive...

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...