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Business
28 posts
UAE’s Masdar acquires Greece’s Terna Energy for €3.2 billion in major clean energy deal
Abu Dhabi-based Masdar has completed its €3.2 billion acquisition of Greece's Terna Energy
LEAP 2025 wraps up in Riyadh with $25 billion in tech investments
Global tech event LEAP 2025 concluded in Riyadh with the announcement of $25 billion in tech investments.
OpenAI rejects $97.4 billion Musk bid, saying company is ‘not for sale’
ChatGPT maker OpenAI’s board of directors has formally rejected an offer from a group of investors led by…
DeepSeek’s AI breakthrough sparks $1 trillion tech stock selloff, Nvidia loses $600 billion in market cap
Chinese AI startup DeepSeek has shaken the foundations of AI industry, igniting a massive selloff that wiped $1 trillion from global stock markets.
UAE fintech Jingle Pay to launch in Pakistan as Bank Alfalah acquires 9.9% stake
Jingle Pay is set to launch its digital banking services in Pakistan after Pakistan's Bank Alfalah acquired 9.9% equity stake in the UAE-based fintech
Microsoft plans to invest $3 billion to expand AI and cloud infrastructure in India
Microsoft is making a bold move to accelerate India’s AI-driven growth, announcing a $3 billion investment in cloud and AI infrastructure over the next two years.
Honda and Nissan announce merger talks to create world’s third-largest global automaker
Honda and Nissan have entered into official talks to merge and create the world’s third-largest automaker.
Oman Investment Authority acquires stake in Elon Musk’s xAI
Oman Investment Authority (OIA) has acquired a stake in xAI, Elon Musk’s artificial intelligence company
Elon Musk becomes first person to reach $400 billion net worth
Elon Musk becomes the first person to reach a net worth of $400 billion
Alef Education aims for $2.5 billion valuation in UAE’s first edtech IPO
Alef Education is seeking a valuation of up to $2.57 billion in the first-ever listing of an edtech firm in UAE