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Reuters

Saudi Arabia's Q1 GDP falls 1.8% year-on-year

Economy

01 May, 2024

Saudi Arabia's Q1 GDP falls 1.8% year-on-year

Saudi Arabia's real gross domestic product (GDP) decreased 1.8% year-on-year in the first quarter, flash estimates by the government's statistical ......

Godrej family to split conglomerate into two parts

Consumer

01 May, 2024

Godrej family to split conglomerate into two parts

India's Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and ......

South African crypto firm VALR looking at international expansion, forays into Poland

TMT

01 May, 2024

South African crypto firm VALR looking at international expansion, forays into Poland

South Africa's largest cryptocurrency exchange VALR will now offer crypto asset services in Poland and is eyeing other jurisdictions across ......

Egypt's net foreign assets deficit declines for second month in a row

Economy

01 May, 2024

Egypt's net foreign assets deficit declines for second month in a row

Egypt's net foreign assets (NFAs) deficit shrank $17.8 billion in March, its second month of decline, central bank data showed, ......

BlackRock to launch PIF-backed Saudi investment platform

Finance

01 May, 2024

BlackRock to launch PIF-backed Saudi investment platform

The world's largest asset manager BlackRock said on Tuesday it plans to launch a new investment platform in Saudi Arabia, ......

UAE's e& seeks to buy $8.6 bn European carrier United Group

TMT

01 May, 2024

UAE's e& seeks to buy $8.6 bn European carrier United Group

Abu Dhabi-based Emirates Telecommunications is considering an acquisition of European cable and pay-TV operator United Group at a valuation of ......

Kotak Mahindra Bank joint MD Manian resigns

Finance

01 May, 2024

Kotak Mahindra Bank joint MD Manian resigns

Private lender Kotak Mahindra Bank said on Tuesday its joint managing director KVS Manian has resigned, after two months in ......

SEBI allows foreign funds at GIFT City to take full investment from NRIs

Finance

30 April, 2024

SEBI allows foreign funds at GIFT City to take full investment from NRIs

India's market regulator said on Tuesday that foreign funds set up at GIFT City in Gujarat state can take full ......

Saudi firm Ma'aden to buy US fertilizer maker Mosaic's stake in JV for $1.5 bn

Manufacturing

30 April, 2024

Saudi firm Ma'aden to buy US fertilizer maker Mosaic's stake in JV for $1.5 bn

Fertilizer maker Mosaic Co said on Tuesday that Saudi Arabia's flagship mining firm Ma'aden would acquire the U.S.-based company's stake ......

Sensex, Nifty end third consecutive month in the green on good Q4 results

Economy

30 April, 2024

Sensex, Nifty end third consecutive month in the green on good Q4 results

Indian shares logged their third straight month of gains on strong quarterly earnings by behemoths, even as the benchmarks reversed ......