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Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Saudi Arabia’s non-oil exports surge by nearly 23% in Sept 2024

Riyadh, Saudi Arabia -- Saudi Arabia's non-oil exports surged by 22.8 percent in September, according to a report by the...

Sub-Saharan Africa: Nigeria takes #2 spot in global crypto adoption

Sub-Saharan Africa accounts for the global cryptocurrency economy’s smallest share, representing 2.7% of transaction volume worldwide between July 2023 and...
  • Between July 2023 and June 2024. Sub-Saharan Africa received around US$125 billion in on-chain value
  • About 70% of African countries face an FX shortage, and businesses struggle to get access to the dollar

North Korea shows first photos of banned uranium enrichment site

North Korea for the first time showed images of the centrifuges that produce fuel for its nuclear bombs on Friday,...
  • North Korea is believed to have several sites for enriching uranium
  • The country may have produced enough fissile material to build up to 90 nuclear warheads: July report

‘Visa-free entry for GCC nationals will enhance business collaboration’

In an interview with TRENDS, CEO of ITCN Asia, Muhammad Umair Nizam highlights the expanding role of Pakistani IT firms...
  • ITCN Asia offers a platform for stakeholders to collaborate, uniting government and industry leaders for discussions on key tech issues, CEO Muhammad Umair Nizam said
  • Pakistan’s software services industry have stood out, with companies offering cybersecurity solutions, virtual reality for military and everyday use, he added

Central & Southern Asia and Oceania region leads the world in cryptocurrency adoption

The fifth annual Chainalysis Global Crypto Adoption Index looks at both on- and off-chain data to determine which countries are...
  • This year, crypto activity increased across countries of all income brackets
  • Central & Southern Asia and Oceania accounted for over $750 billion in crypto asset inflows

UAE banking sector assets exceed $1.16 trillion by the end of June

Abu Dhabi, UAE -- The Central Bank of the UAE (CBUAE) revealed that total banking assets, including bank acceptance certificates,...
  • The assents registered a month-on-month increase of 0.5 percent, compared to AED 4.28 trillion in May 2024.
  • The total foreign assets of the Central Bank of the UAE exceeded the AED 770 billion barrier at the end of June, for the first time in its history.

How Pakistan is becoming a top tech hub in the GCC

Pakistan's IT sector is thriving, with growing exports and recognition as a tech hub, driven by government support, skilled talent,...
  • While Pakistan has been declared the "Tech Destination of the Year" at GITEX GLOBAL 2024, one of the key players driving this growth is the Pakistan Software Houses Association
  • Across the GCC, Pakistani companies provide cybersecurity and AI driven solutions across various sectors, including banking and fintech industries

Qatar strikes new 15-year 3 mtpa LNG supply deal with Kuwait 

Qatar agreed on Monday to supply Kuwait with 3 million tons per annum (mtpa) of liquefied natural gas (LNG) for...
  • Kuwait has been boosting its reliance on imported gas to meet power demand
  • Qatar this year announced a further expansion of its North Field project

China’s robot makers chase Tesla to deliver humanoid workers

Beijing, China - China dominates the market for electric vehicles. Now it's chasing in the race to build battery-powered humanoids...
  • Annual global market for humanoid robots could reach $38 billion by 2035
  • Tesla, reiterated it expected to move beyond prototypes to start producing Optimus in small volumes next year

Anthropic hit with class-action lawsuit over copyright infringement

Anthropic, the Amazon-backed artificial intelligence startup, on Monday, was hit with a class-action lawsuit in California federal court over alleged...
  • "An essential component of Anthropic’s business model is the larges scale theft of copyrighted works"
  • This case follows another lawsuit brought against Anthropic last October by Universal Music

Saudi bid to host 2034 World Cup positions Kingdom as global center for top sports events

Saudi Crown Prince Mohammed bin Salman announced the Kingdom’s bid to host the 2034 FIFA World Cup. He said this...
  • Saudi topped the UNs’ list for highest growth in international tourist numbers in 2023
  • FIFA is set to confirm Saudi Arabia as the host for the 2034 event in December

Saudi Arabia’s non-oil exports surge by nearly 23% in Sept 2024

Riyadh, Saudi Arabia -- Saudi Arabia's non-oil exports surged by 22.8 percent in September, according to a report by the...

Latest News

UAE ranks first in Arab world, 11th globally in Global Knowledge Index

Qatar was at the 38th place, Saudi Arabia at 40, Kuwait (48), Oman (52), and Bahrain (55) in the Global...

Oman sees hospitality industry revenue fall 3.5%

The National Centre for Statistics and Information says domestic guest have supported the Oman's hotels.

Cyclone Shaheen kills four in Oman; UAE, Saudi on alert

Tropical Cyclone Shaheen bore down on Oman on Sunday, killing at least three people, and authorities urged residents to evacuate...

12 die in Saudi Arabia from Covid as infection lingers

Twelve people have died in Saudi Arabia from COVID-19, taking the total count of people having succumbed to the disease...

Saudi officials seize a big load of drugs at border with Jordan

A consignment of two million illegal pills was seized by the Saudi authorities along the kingdom’s border with Jordan. The...

‘Visa-free entry for GCC nationals will enhance business collaboration’

In an interview with TRENDS, CEO of ITCN Asia, Muhammad Umair Nizam highlights the expanding role of Pakistani IT firms...

Central & Southern Asia and Oceania region leads the world in cryptocurrency adoption

The fifth annual Chainalysis Global Crypto Adoption Index looks at both on- and off-chain data to determine which countries are...

UAE banking sector assets exceed $1.16 trillion by the end of June

Abu Dhabi, UAE -- The Central Bank of the UAE (CBUAE) revealed that total banking assets, including bank acceptance certificates,...

Most Read

Qatar strikes new 15-year 3 mtpa LNG supply deal with Kuwait 

Qatar agreed on Monday to supply Kuwait with 3 million tons per annum (mtpa) of liquefied natural gas (LNG) for...
  • Kuwait has been boosting its reliance on imported gas to meet power demand
  • Qatar this year announced a further expansion of its North Field project

China’s robot makers chase Tesla to deliver humanoid workers

Beijing, China - China dominates the market for electric vehicles. Now it's chasing in the race to build battery-powered humanoids...
  • Annual global market for humanoid robots could reach $38 billion by 2035
  • Tesla, reiterated it expected to move beyond prototypes to start producing Optimus in small volumes next year

Anthropic hit with class-action lawsuit over copyright infringement

Anthropic, the Amazon-backed artificial intelligence startup, on Monday, was hit with a class-action lawsuit in California federal court over alleged...
  • "An essential component of Anthropic’s business model is the larges scale theft of copyrighted works"
  • This case follows another lawsuit brought against Anthropic last October by Universal Music