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Reuters

Qatar economy grew 1.2% year on year in Q3 2023

Economy

02 May, 2024

Qatar economy grew 1.2% year on year in Q3 2023

The Gulf state of Qatar's real gross domestic product (GDP) increased 1.2% year on year in the third quarter of ......

Aramco chief's election as BlackRock director faces opposition from pension fund

Finance

02 May, 2024

Aramco chief's election as BlackRock director faces opposition from pension fund

A pension fund for New York City employees urged BlackRock's shareholders to vote against the election of Saudi Aramco's chief ......

Janus Henderson buys of Kuwaiti bank's alternative investment business in Mideast foray

Finance

02 May, 2024

Janus Henderson buys of Kuwaiti bank's alternative investment business in Mideast foray

Global asset manager Janus Henderson plans to buy National Bank of Kuwait's alternative investments business in a deal that is ......

Abu Dhabi AI company Presight takes majority stake in tech venture AIQ

TMT

02 May, 2024

Abu Dhabi AI company Presight takes majority stake in tech venture AIQ

Artificial intelligence company Presight AI Holding has acquired a majority stake in AIQ, a technology joint venture between Abu Dhabi ......

Freshworks hires ex-Dropbox exec as CEO, founder Mathrubootham to be chairman

People

02 May, 2024

Freshworks hires ex-Dropbox exec as CEO, founder Mathrubootham to be chairman

Freshworks said on Wednesday that Dennis Woodside will take over as CEO of the CRM software maker, and founder Girish ......

Jindal Stainless to invest $647 mn for expansion

Manufacturing

01 May, 2024

Jindal Stainless to invest $647 mn for expansion

Jindal Stainless said on Wednesday it is investing nearly 54 billion rupees ($646.6 million) for acquisitions and capacity expansion. The company ......

Saudi Arabia's Q1 GDP falls 1.8% year-on-year

Economy

01 May, 2024

Saudi Arabia's Q1 GDP falls 1.8% year-on-year

Saudi Arabia's real gross domestic product (GDP) decreased 1.8% year-on-year in the first quarter, flash estimates by the government's statistical ......

Godrej family to split conglomerate into two parts

Consumer

01 May, 2024

Godrej family to split conglomerate into two parts

India's Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and ......

South African crypto firm VALR looking at international expansion, forays into Poland

TMT

01 May, 2024

South African crypto firm VALR looking at international expansion, forays into Poland

South Africa's largest cryptocurrency exchange VALR will now offer crypto asset services in Poland and is eyeing other jurisdictions across ......

Egypt's net foreign assets deficit declines for second month in a row

Economy

01 May, 2024

Egypt's net foreign assets deficit declines for second month in a row

Egypt's net foreign assets (NFAs) deficit shrank $17.8 billion in March, its second month of decline, central bank data showed, ......