Good morning, lovely people. The biggest IPO the EGX has seen in at least a decade is now trading, and it opened quietly, up 0.19% on a price set right at fair value. Still early days, and we will be ...
We also know where a good chunk of the EGP 36.37 bn IPO proceeds is headed: the Finance Ministry will take up to half of it to ease public debt pressures, a senior government official tells us, and ...
G42 finds itself in an unprecedented position as it preps one of the largest computing infrastructure builds in human history. The sovereign-backed UAE national AI champion has loads of capital, an ...
OpenAI is weaving itself deeper into the UAE’s economy. CEO Sam Altman signed four deals in Abu Dhabi on Monday that put OpenAI’s models to work across the emirate’s government, its biggest oil ...
Multinational tech giant Oracle is doubling down on its UAE and KSA footprint, executive VP for EMEA Cormac Watters told The National. Expansion in Qatar and Kuwait is also in the cards, he said, in ...
OpenAI has cut the target for its latest funding round to USD 20 bn, down from the USD 30 bn it was said to be looking for just days earlier, the Financial Times reports. A group of UAE investors will ...
Good morning and welcome to EnterpriseAM AI + Innovation. Looking for an election movie? Check out The Candidate for a dose of Robert Redford optimism mixed with 1970s malaise. Or The Manchurian ...
The EGX30 fell 0.7% at today’s close on turnover of EGP 10 bn (9.3% below the 90-day average). International investors were the sole net ...
Here are the stories driving the day, both at home and abroad. Banque du Caire (BdC) closed its first session on the EGX up ...
Crystal Lake moves past mindless slasher tropes to dig into the psychological origins of one of cinema’s most iconic antagonists ...
Happy Monday, friends. Tehran has put a two-day reopening of Hormuz on the table and Washington is weighing it against tomorrow’s midterms. Financing is ...
South Africa’s third-largest bank Absa Group has followed through on its plan to open up an office in Dubai International Financial Center (DIFC), according to a press release. The expansion is aimed ...