Reuters
Explore a collection of articles authored by Reuters, covering topics like global M&A, market trends, and economic developments on VCCircle.
TMT
UAE-based institute unveils new AI tool to rival big tech
A government research institute in the United Arab Emirates on Monday released a new open source GenAI model, which ......
Finance
Aramco boasts a $31 bn dividend despite decline in earnings growth
Saudi Arabian state-owned oil giant Aramco expects to pay $31 billion in dividends to the Saudi government and its ......
TMT
China's Meituan looking to foray into Saudi Arabia in a bid to expand
Chinese food delivery giant Meituan is seeking to hire staff for at least eight positions based in Riyadh, in a sign ......
Infrastructure
UAE planning a second nuclear plant, to seek bids this later year
The United Arab Emirates will tender shortly for the construction of a new nuclear power plant that would double the ......
Healthcare
Saudi Arabia's healthcare group Fakeeh Care announces IPO
Saudi Arabia's Fakeeh Care Group, one of the largest private hospital groups in the kingdom, said on Wednesday it ......
Finance
Investcorp floats $1 bn fund for China, Gulf bets; Chinese CIC to be anchor investor
Alternative investment company Investcorp has launched a $1 billion fund backed by China's sovereign wealth fund CIC......
Finance
Abu Dhabi's Islamic Bank in talks to acquire stake in leading Indonesian lender
Abu Dhabi's largest Islamic bank is in talks to buy a minority stake valued at around $1.1 billion in Indonesia'......
TMT
Microsoft to invest $1.5 bn in UAE-based AI company G42
Microsoft will invest $1.5 billion in United Arab Emirates-based artificial intelligence firm G42, giving the U.S. tech ......
Finance
Saudi PIF-backed Riyad Bank weighs IPO of investment banking unit
Saudi Arabia's Riyad Bank, the kingdom's third biggest lender by assets, said on Thursday its board was ......
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