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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 ......

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 ......

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 ......

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Why UAE's Nuwa Capital is reluctant to invest in these tech sectors

TMT

01 May, 2024

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......

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 ......

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Bharti Airtel's Africa unit set to bag a big cheque from offshore investor

TMT

01 May, 2024

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 ......

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 ......

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 ......

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European IT giant Asseco Group set to log out of Nigeria unit

TMT

30 April, 2024

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 ......

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.......

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