Lulu Retail to Launch 25% Stake IPO on Abu Dhabi Securities Exchange
The UAE’s largest hypermarket operator, Lulu Retail Holdings, has confirmed that it would offer 2.58 billion shares, equivalent to 25 per cent, to the Abu Dhabi…
Section
News
Paresh Rajwat Steps Down from Meta’s Pacific Northwest Leadership Role
Paresh Rajwat has officially stepped down from his position as the Pacific Northwest head of office for Meta, where he served as vice president of product…
Saudi Export-Import Bank and Standard Bank Forge $25 Million Trade Agreement
A landmark $25 million credit agreement was established between the Saudi Export-Import Bank and South Africa’s Standard Bank Group during the recent Saudi-South African Business Forum…
Berkshire Hathaway Increases Stake in SiriusXM Amid Market Challenges
Berkshire Hathaway has solidified its position in SiriusXM, now owning a substantial 32% of the satellite radio company based in New York. Recent filings with the…
Saudi Arabia Aims to Become a Global Logistics Hub, Says GACA President
Abdulaziz Al-Duailej, president of the General Authority of Civil Aviation (GACA), has articulated an ambitious vision for Saudi Arabia’s National Aviation Strategy, aiming to position the…
Saudi Arabia and Oman Sign MOU to Enhance Economic Cooperation
Saudi Arabia and Oman have formalized a memorandum of understanding (MOU) aimed at enhancing economic and planning cooperation between the two nations. The agreement was signed…
New Venture Aims to Revolutionize Wealth Management for Ultra-High-Net-Worth Clients
Aiming to reshape the wealth management landscape, the Family Office Resource Group (FORG) has announced its launch, backed by private equity firm 4100FS. This innovative venture…
Saudi Arabia’s Tech Market Reaches Record SR91 Billion in 2023
Saudi Arabia’s technology market has achieved a remarkable milestone, reaching a value of SR91 billion ($24.2 billion) in 2023. This represents a year-on-year increase of 12.3…
Nvidia Shares Surge Ahead of Tech Earnings Season
Nvidia’s stock has experienced a remarkable 25% increase over the past month, positioning it near a record high just as the tech earnings season approaches. Major…
City Therapeutics Launches with $135 Million Investment Led by John Maraganore
City Therapeutics, a new biotech firm based in Cambridge, Massachusetts, is poised to make significant strides in RNA interference (RNAi) medicine, having successfully closed a $135…
Emma Watson Invests in Women’s Health Company Hertility, Boosting Total Funding to Over $14 Million
In a significant move for women’s health, actress Emma Watson has made a previously undisclosed investment in Hertility, a pioneering company focused on women’s reproductive health.…
South Korea and the Philippines Forge $2 Billion Infrastructure Partnership
The finance ministries of South Korea and the Philippines recently inked a Memorandum of Understanding (MoU), paving the way for Seoul to extend $2 billion in…