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Mansoor Ebrahim Al-Mahmoud, QIA CEO on sovereign wealth funds in private credit. Image credit: QIA

Sovereign wealth fund QIA joins SoftBank, BlackRock in private credit push

Adnoc L&S IPO is oversubscribed. Image credit: WAM

ADNOC Logistics gets $125bn in orders for $769m IPO

Crude oil market on tenterhooks over OPEC meet. Image credit: Getty Images

Oil watchers predict OPEC+ to maintain steady supply

OpenAI

OpenAI raises $175m for startup investment fund

Uber India

Uber to add 25,000 electric vehicles in India in green push

Broadcom

Apple signs multibillion-dollar deal with Broadcom for 5G components

Cold storage in Meta data center. Image Credit: META

Meta fined record $1.3bn in EU over US data transfers

Apple and Samsung

Apple, Samsung looking to expand in India, minister says

BT

BT announces plans to cut up to 42% of jobs by 2030

Saudi Aramco appoints presidents for upstream and downstream businesses

Saudi Aramco promotes upstream, downstream heads to new president roles

Meta

Meta touts metaverse’s potential for job training and education

Amazon cloud services

Amazon to invest $12.7bn in India cloud services by 2030

QATAR GettyImages-1232572487-800x533-1

Qatar stocks could attract up to $3.5bn on free float plan

Hedge fund

Hedge fund trader Sanjay Shah loses appeal over order to pay $1bn in tax

Vodafone

Vodafone to slash 11,000 jobs in new CEO’s turnaround plan

Snack

Introducing the snack bag of the future

Virtual reality may help cure healthcare

Google

Google to revamp search with generative AI tools

Pixel Fold

Google enters foldable market with Pixel Fold

Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks at the IFGS 2023 summit at the Guildhall in London, UK, on Tuesday, April 18, 2023. Innovate Finance's Global Summit -- part of U.K. Fintech Week -- runs until Tuesday.

Crypto exchange Coinbase weighs UAE as potential international hub

ADNOC Logistics shares will begin trading June 1

ADNOC to sell 15% stake in logistics unit in Abu Dhabi IPO

Red Sea

Saudi Red Sea developer weighs public offering as soon as 2026

Saudi Arabia

Saudi Arabia’s economy grew 3.9% in Q1 of 2023

Tesla

Tesla raises prices of S, X Models by $2,750 in China

Qualcomm

Qualcomm forecast indicates smartphone slump will drag on

Qatar see a surge in air travel

Qatar Airways sees robust travel demand amid capacity squeeze

Bitcoin sags after its longest streak of monthly gains since 2021

Oil extends second weekly drop on new China recovery concerns

Generative AI

First real-world study showed generative AI boosted worker productivity by 14%

Oil

Oil set for sixth monthly loss on deteriorating demand outlook