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Reuters

BlackRock to launch PIF-backed Saudi investment platform

Finance

01 May, 2024

BlackRock to launch PIF-backed Saudi investment platform

The world's largest asset manager BlackRock said on Tuesday it plans to launch a new investment platform in Saudi Arabia, ......

UAE's e& seeks to buy $8.6 bn European carrier United Group

TMT

01 May, 2024

UAE's e& seeks to buy $8.6 bn European carrier United Group

Abu Dhabi-based Emirates Telecommunications is considering an acquisition of European cable and pay-TV operator United Group at a valuation of ......

Kotak Mahindra Bank joint MD Manian resigns

Finance

01 May, 2024

Kotak Mahindra Bank joint MD Manian resigns

Private lender Kotak Mahindra Bank said on Tuesday its joint managing director KVS Manian has resigned, after two months in ......

SEBI allows foreign funds at GIFT City to take full investment from NRIs

Finance

30 April, 2024

SEBI allows foreign funds at GIFT City to take full investment from NRIs

India's market regulator said on Tuesday that foreign funds set up at GIFT City in Gujarat state can take full ......

Saudi firm Ma'aden to buy US fertilizer maker Mosaic's stake in JV for $1.5 bn

Manufacturing

30 April, 2024

Saudi firm Ma'aden to buy US fertilizer maker Mosaic's stake in JV for $1.5 bn

Fertilizer maker Mosaic Co said on Tuesday that Saudi Arabia's flagship mining firm Ma'aden would acquire the U.S.-based company's stake ......

Sensex, Nifty end third consecutive month in the green on good Q4 results

Economy

30 April, 2024

Sensex, Nifty end third consecutive month in the green on good Q4 results

Indian shares logged their third straight month of gains on strong quarterly earnings by behemoths, even as the benchmarks reversed ......

GoFirst lenders to mull liquidation after chances of revival get thinner

Infrastructure

30 April, 2024

GoFirst lenders to mull liquidation after chances of revival get thinner

Lenders to India's Go First will meet later this week to discuss options for the bankrupt airline, including liquidation, after ......

Abu Dhabi-backed RedBird IMI scraps Telegraph deal, to sell UK newspaper

TMT

30 April, 2024

Abu Dhabi-backed RedBird IMI scraps Telegraph deal, to sell UK newspaper

Abu Dhabi-backed RedBird IMI on Tuesday said it would sell the Telegraph after it scrapped its acquisition of the right-leaning ......

China's Meituan looking to foray into Saudi Arabia in a bid to expand

TMT

26 April, 2024

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 ......

UAE planning a second nuclear plant, to seek bids this later year

Infrastructure

26 April, 2024

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 ......