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UAE wealth fund ADIA scoops into $18B Haagen-Dazs owner Froneri

The UAE sovereign wealth fund has become a co-investor in Froneri in a deal valuing the global ice cream firm at about $18 billion.

thursday 2

Samuel Wendel

What’s next for Saudi Arabia’s budget balancing act as deficit doubles?

The Gulf state now expects a deficit of $65.3 billion in 2025 — more than double the initial forecast — as the kingdom continues heavy...

01.10.2025 2

Samuel Wendel

PayPal bets $100M as Middle East’s Gulf fintech giants amplify competition

The move from the US payments giant comes amid a flurry of activity that has further cemented the Gulf’s fintech sector on the map for global...

24.09.2025 2

Samuel Wendel

Netanyahu signs West Bank settlement expansion plan

JERUSALEM (Reuters) -Israeli Prime Minister Benjamin Netanyahu signed an agreement on Thursday to push ahead with a controversial settlement expansion...

11.09.2025 4

Samuel Wendel

Israel PM vows 'there will be no Palestinian state'

Israeli Prime Minister Benjamin Netanyahu vowed on Thursday that there would be no Palestinian state, speaking at a signing ceremony for a major...

11.09.2025 2

Samuel Wendel

Lebanon grants license to Musk's Starlink in bid to address sluggish telecomms

Starlink’s arrival in Lebanon could give businesses a vital lifeline, but the impact could be limited as long as access is restricted to corporate...

11.09.2025 3

Samuel Wendel

UAE’s new AI K2 Think chases DeepSeek moment in Gulf tech race

The Gulf state has launched K2 Think, an open-source reasoning model designed to speedily and efficiently tackle math and logic problems.

09.09.2025 20

Samuel Wendel

World's largest illegal sports streaming site shut down after Egypt arrests

Streameast, believed to be the world’s largest illegal sports streaming network, was taken down in August during a sting operation conducted by...

04.09.2025 5

Samuel Wendel

Saudi Arabia escalates Arabic AI race with new state-backed chatbot

The app is available only in Saudi Arabia, but the company plans to expand across the region and eventually globally.

25.08.2025 4

Samuel Wendel

Lenovo’s $2B Saudi expansion suggests China to hold ground despite US push

Lenovo and Huawei both continue to expand in Saudi Arabia months after US President Donald Trump's landmark Gulf tour delivered tech deals for US...

19.08.2025 2

Samuel Wendel

Israel in talks to resettle Gaza Palestinians in South Sudan, sources say

NAIROBI (Reuters) -South Sudan and Israel are discussing a deal to resettle Palestinians from war-torn Gaza in the troubled African nation, three...

15.08.2025 4

Samuel Wendel

Diverging Gulf bets: PIF exits US tech stocks as Mubadala reshuffles portfolio

During a quarter in which US stocks began surging toward record highs, two of the Gulf's most influential investors took different approaches to the...

15.08.2025 6

Samuel Wendel

Starlink targets Saudi skies as Musk’s Middle East push rolls on

The satellite internet service operated by SpaceX had been on an expansion spree in the Middle East in 2025, most recently launching in Israel as it...

14.08.2025 5

Samuel Wendel

How Trump’s US chip crackdown could shake up Middle East tech ambitions

US tariffs on semiconductors and efforts to onshore production potentially threaten industries in Israel, Saudi Arabia and the UAE alongside...

18.04.2025 10

Samuel Wendel

Trump tariffs could disrupt Gulf’s IPO hot streak as markets sink

New US tariffs have roiled markets worldwide and initial public offerings should not be expected to escape unscathed.

08.04.2025 4

Samuel Wendel

Ukraine, US discuss partial truce as drones hit Russia

Ukraine said talks with the United States in Saudi Arabia began "very constructively" on Tuesday, with a partial ceasefire with Russia on the table...

11.03.2025 2