Tag: News

OpenAI to acquire product testing startup Statsig, appoints CTO of applications

Synopsis OpenAI is buying startup Statsig in an all-stock deal worth $1.1 billion. Statsig’s CEO, Vijaye Raji, will lead product engineering at OpenAI, focusing on...

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...

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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...