Middle East
Economy
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 ......
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 Aramco's chief ......
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 deal that is ......
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 between Abu Dhabi ......
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 Arabia, ......
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 Group at a valuation of ......
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.S.-based company's stake ......
General
Global asset manager Barings opens office in Dubai
Barings, a global investment management firm that manages assets worth $406 billion, has opened an office in Dubai to help ......
TMT
Bahrain's Investcorp to acquire NSE's digital arm for $120 mn
Bahrain-based private equity and real estate investor Investcorp has entered into an agreement to acquire NSEIT, the digital technology business subsidiary ......
TMT
MENA Digest: UAE's WEE Marketplace, three Egyptian startups secure funding
Funding activity in the Middle East and North Africa region revived this week with a slew of early-stage deals, led ......