Joby Aviation, a company developing electric air taxis for commercial passenger service, has announced that it has taken the first step towards Read More
Business
Artificial Intelligence
Companies
Investments
Regional
Saudi Private Sector Step Up Investments in AI Sector
As Saudi Arabia is positioning to become global hub of artificial intelligence (AI), the Kingdom’s venture capital (VC) firms have significantly Read More
Business
Companies
Divestments
Private Equity
Regional
World
UAE’s Gulf Capital Exits Kuiper Australia
The UAE-based Gulf Capital, one of the largest private equity firms investing from the GCC to the rest of Asia, has exited Read More
Business
Companies
Merger and Acquisitions
Oil & Gas
Regional
World
ADES Holding Acquires Two Jack-Up Rigs for $190 Million
ADES Holding Company, a world leading international oil and gas drilling services provider based in Saudi Arabia, said that it has signed Read More
Business
Companies
Divestments
Green Energy
Mergers and Acquisitions
Oil & Gas
Regional
World
OCI Global Sells Its Methanol Business to Methanex
OCI Global (OCI), a leading global producer and distributor of hydrogen products on Monday has announced that it has reached an agreement Read More
Financial Services
Banking
Business
fintech
Regional
SAMA to Develop PIS Under Open Banking Framework
Recognising the potential of open banking system, the Saudi Central Bank (SAMA) on Monday said that it was working on strengthening the Read More
Positioning Egypt as a hub for innovation in AI and semiconductor industries, the country’s Information Technology Industry Development Agency (ITIDA), Telecom Read More
Business
Companies
Merger and Acquisitions
Oil & Gas
Regional
Saudi firm Bawan Acquires Petronash Global for $175 Million
Saudi-based building materials manufacturer Bawan Company, has signed a binding Memorandum of Understanding (MoU) with Petronash Global Limited on September 6 to acquire Read More
