Reuters
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 ......
People
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 ......
Manufacturing
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 ......
Economy
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 ......
Consumer
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 ......
TMT
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 ......
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 data showed, ......
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 ......
Finance
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 ......
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