International
Finance
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 ......
Finance
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 ......
TMT
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 ......
TMT
Why UAE's Nuwa Capital is reluctant to invest in these tech sectors
Nuwa Capital, a UAE-based venture capital firm, which is currently deploying its maiden $100-million fund in early-stage......
Economy
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 ......
TMT
Bharti Airtel's Africa unit set to bag a big cheque from offshore investor
Airtel Africa Plc, which is listed on the London Stock Exchange and is a subsidiary of India’s Bharti Airtel, is ......
Finance
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 ......
TMT
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 ......
TMT
European IT giant Asseco Group set to log out of Nigeria unit
Asseco Group, the Poland-headquartered software giant with a presence in over 50 countries, plans to exit the Nigerian ......
Manufacturing
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.......