Elsewedy and China’s Sinohydro will build the 2.3 GW gas-fired plant for Acwa and Saudi Energy, with commercial operations slated for May 2029 ...

Saudi Arabia is the Gulf’s largest source of private credit demand, in a regional market Moody’s puts at around USD 6 bn against roughly USD 1.8 tn globally. Regional sovereign wealth funds hold ...

More advanced projects like some Red Sea assets are better placed to throw off cash while earlier-stage ones such as Jeddah Central lean on financing ...

NMC founder B.R. Shetty is launching a new USD 15 bn court battle against Bank of Baroda. The UAE-based businessman filed a lawsuit against the Indian state-owned lender and 25 other defendants in the ...

Elsewedy and China’s Sinohydro will build the 2.3 GW gas-fired plant for Acwa and Saudi Energy, with commercial operations slated for May 2029 ...

PLUS: Emaar Misr hired BDO Keys to value its own and Skytower’s shares and set the swap ratio for acquiring the remaining 75% of ...

The money comes in three installments — Agility gets USD 425 mn at closing and USD 110 mn a year later, plus USD 46 mn more if agreed conditions are met. Aegis is also buying smaller stakes from Gulf ...

The UAE and Saudi Arabia accounted for almost 90% of the USD 2.98 bn raised by MENA startups in the first nine months of the year, according to venture capital tracker Magnitt. Every round of USD 100 ...

Nvidia’s share of China’s AI chip market fell to 34% in H1 of 2026, while Huawei supplied 28% of the nation’s chips, Reuters reports. Watch the trend: The results suggest China is increasingly ...

The fund also sees softer points in pension funds with illiquid holdings and EMs drawing down reserves while risk premiums sit at levels last ...

The FBI arrested an OpenAI engineer for allegedly bugging a conference room at the company’s San Francisco offices, raising the specter of sensitive technology getting into the hands of US adversaries ...

Nearly nine in ten companies (87%) say an AI tool or agent got into sensitive data it didn’t need for its job in the past year, according to a new global survey by identity security firm Delinea. The ...