Tag: News

Trident Growth Partners, led by former Premji Invest and IFC investors, secure Rs 1,000 cr in debut fund

Backed by Ranjan Pai's family office Claypond Capital and SIDBI's Fund of Funds for Startups, the fund is led by former Premji Invest and...

ACWA Power secures $119m loan facility from Alinma Bank for new headquarters

RIYADH: Saudi utility giant ACWA Power has secured an SR750 million ($119 million) Shariah-compliant term loan facility from Alinma Bank to fund its new...

SaaS startups raise AI budgets, go slow on hiring amid technology shift

From lean teams to smarter tools — AI is reshaping how SaaS startups scale, spend, and staff. As the post-pandemic software-as-a-service (SaaS) landscape stabilizes, a...

Saudi crude output hits 8.95m bpd: JODI data 

RIYADH: Saudi Arabia’s crude oil production rose to 8.95 million barrels per day in February, marking a 0.34 percent monthly increase, according to the...

Fireside Ventures gets ready to raise $230 million for fourth fund

Fireside has raised money largely from domestic LPs but is now looking to have more foreign investors come in Fireside Ventures, a homegrown consumer-focused VC...

Saudi Arabia to drive Islamic finance growth in 2025, S&P says 

RIYADH: Saudi Arabia is poised to play a key role in propelling the growth of the global Islamic finance industry in 2025, underpinned by...

Saudi Arabia raises $990m through April sukuk issuance

RIYADH: Saudi Arabia’s National Debt Management Center raised SR3.71 billion ($990 million) through its riyal-denominated sukuk issuance for April, reflecting a 40.5 percent increase...

Closing Bell: Saudi benchmark index edges up to close at 11,626 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Sunday, gaining 73.62 points, or 0.64 percent, to close at 11,626.60.  The total trading turnover of...

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Minister of Industry Meets with Korean Minister of Trade

Minister of Industry and Mineral Resources Bandar Alkhorayef met...

IN-SPACe picks Astrobase, SatSure and TM2SPACE as first recipients of Technology Adoption Fund

The Indian National Space Promotion and Authorisation Centre, on...

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...