Tag: News

GCC banks’ Q2 profits hit record $16.2bn on lending and deposits boom

GCC inflation remained stable in second quarter despite heightened geopolitical risks Year-on-year, all markets posted growth RIYADH: Strong regional fundamentals and a robust project pipeline drove...

Logistics startup Porter set to close extended funding round of upto $300 million: sources

Synopsis The extended funding round size would be around $300-310 million, according to people with knowledge of the matter. Of this, around $250-260 would be...

Closing Bell: Saudi main index slips to 10,593

Parallel market Nomu fell 0.13% to close at 25,525.29 MSCI Tadawul Index declined 0.45% to end at 1,375.58 RIYADH: Saudi Arabia’s Tadawul All Share Index slipped...

MENA startups heat up with fresh capital across fintech, AI, and gaming

Intella, a Saudi-headquartered AI startup originally founded in Egypt, has raised $12.5 million in a Series A round led by Prosus Co-founded in 2021 by...

Closing Bell: Saudi main market ends week in green 

RIYADH: Saudi Arabia’s Tadawul All Share Index closed Thursday’s trading session on a positive note, rising 36.51 points, or 0.34 percent, to 10,655.61.  Trading turnover...

IIT Delhi launches India-UAE start up exchange to boost global scaling opportunities

Synopsis Nikhil Agarwal, Managing Director of FITT, highlighted that the collaboration between India and the UAE would generate synergy between both nations and provide startups...

Warburg eyes 10% stake in Kalyan Jewellers’ Candere brand for Rs 850 crore

Synopsis The New York-based private equity firm is in talks to buy 10% in Kalyan's lifestyle brand for Rs 850 crore. It will buy part...

Mada drives Saudi e-commerce with 72% surge to $7bn in June 

RIYADH: E-commerce spending in Saudi Arabia via Mada cards rose 72 percent year on year to SR25.97 billion ($6.93 billion) in June, underscoring the...

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Abu Dhabi Customs showcases ‘Invisible Customs’ project at WCO workshop

At the invitation of the World Customs Organization (WCO),...

World Cup expected to be the biggest betting event in history

The Fifa Men's World Cup is set to be...

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...