Tag: News

Saudi carrier flynas secures $134m Murabaha facility for fleet expansion

RIYADH: Saudi Arabia’s budget carrier flynas has signed a SR504 million ($134.4 million) Murabaha facility with Saudi Awwal Bank to finance the delivery of...

Fintech Kapital becomes Mexico’s latest unicorn with $1.3 billion valuation

Synopsis Kapital closed a funding round led by Tribe Capital and Pelion Ventures, giving it access to up to $100 million, it said in a...

Closing Bell: Saudi main market ends lower at 10,670 

RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower on Monday, slipping 26.33 points, or 0.25 percent, to end at 10,670.56. The total trading turnover...

Venturi Partners announces first close of second fund at $150 million

Synopsis Venturi Partners has announced the first close of its second fund at $150 million, aiming for a total of $225 million within 12 months....

Property tech, gaming firms lead major funding rounds

UAE-based fintech Holo raises $22m to expand its platform RIYADH: Investor confidence is rising in Middle East startups, from proptech funding rounds to strategic bets in...

Saudi non-listed corporate debt jumps over 500% as investors diversify

Traded government debt instruments climbed 132.4% to SR15.60 billion Foreign investment in Saudi financial market grew 1.65% to SR481.8 billion RIYADH: Saudi Arabia’s debt instruments market...

Nykaa angles for growth in UK and beyond amid global push

Synopsis Nykaa, India's leading beauty retailer, is expanding its global footprint by launching Kay Beauty in the UK through a partnership with Space NK. This...

‘Bad timing’, says Dream Sports CEO Harsh Jain on flipback to India amid RMG ban

Synopsis Dream Sports CEO Harsh Jain acknowledges the redomiciling to India was poorly timed due to the online gaming ban, impacting revenue. The company, now...

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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...