Saudi brokerage firm Derayah Financial sets IPO price range at up to $8 per share.
Saudi Arabia’s independent digital investment platform Derayah Financial Co. has set the price range for its initial public offering at SR27 ($7.20) […]
Oman trade surplus grows 2% in November to reach $18.5bn .
Oman’s trade surplus rose 2 percent year on year by the end of November, reaching 7.14 billion Omani rials ($18.5 billion), up […]
Saudi stc Group tops MENA telecom operators with $57.7bn market cap.
Saudi Arabia’s stc Group has emerged as the largest listed telecom operator in the Middle East and North Africa, with a market […]
Atlassian closes at highest since 2022 after reporting better-than-expected earnings, revenue outlook.
Atlassian shares popped 14.9% after the software company blew past Wall Street’s fiscal second-quarter earnings and guidance expectations. The stock hit a fresh […]
Italy’s Monte dei Paschi launches surprise 13-billion-euro bid for larger peer Mediobanca.
Italy’s bailed-out Monte dei Paschi di Siena on Friday launched a 13.3 billion euro ($13.95 billion) all-share takeover offer for larger domestic peer Mediobanca. Shares […]
Jeff Bezos and Elon Musk might be ‘best friends,’ and now Amazon reportedly plans to buy ads on X
Amazon is boosting its advertising spend on X, a year after many brands sought to leave after Elon Musk took ownership of the […]
Amazon is jumping on the DeepSeek wave to boast about its AI game. But the real test will be its upcoming earnings.
DeepSeek’s recent release of its powerful R1 AI model, and its claims of the comparably low costs it says it spent to […]
Tesla’s $600 billion run-up looks past major risks to EV growth
Tesla Inc. shares have nearly doubled in value since the last time the company reported earnings— a set-up that usually spells high expectations […]
Swatch profit plunges almost 75%, hit by weakness in China
Swatch Group AG profit fell sharply as the watch industry continues to struggle with weakness in Chinese consumer demand. Operating profit declined […]
Virgin Money chatbot tells off customer who typed word ‘virgin’.
Virgin Money has apologized to a customer who was scolded by one of the bank’s chatbots after it appeared to confuse its […]
World’s largest sovereign wealth fund reports record $222 billion annual profit on tech rally.
Norway’s sovereign wealth fund — the largest of its kind in the world — posted full-year profit of 2.5 trillion kroner ($222.4 billion) on […]
Bank of Canada cuts growth forecasts for 2025 and 2026.
The Bank of Canada on Wednesday cut its growth forecasts for both 2025 and 2026, citing the dampening effect of government policies […]