Mubadala Investment Company of Abu Dhabi has announced plans to create a $400 million fund to invest in leading European technology companies.
Tesla to slash workforce in a “difficult but necessary” reorganisation
Tesla is slashing thousands of jobs, the firm’s CEO Elon Musk announced, as the electronic car company attempts to hit production targets and reach profitability.
Technology a game-changer for Middle East M&A deals: experts
The fundamentals of merger and acquisition (M&A) deals in the GCC region have not been significantly affected by artificial intelligence (AI) and still rely on human cognition.
Ooredoo Oman to allow users to carry forward unused data
Ooredoo has announced that Home Broadband customers are now able to enjoy fast speeds, data rollover and the ease of being connected straight from the box, with their ‘available everywhere’ service
Japanese tech investor to open Saudi Arabian office
SoftBank is reportedly planning to open an office in Saudi Arabia to further strengthening its ties with the kingdom.
Saudi Arabia sees “largest fintech acquisition” to date
Gulf Capital has reportedly acquired a strategic stake in Saudi Geidea, a provider of electronic payment solutions and financial technologies in the Kingdom of Saudi Arabia.
Oman bank joins global blockchain payment network
As part of its ongoing efforts to ensure convenient banking experience for its customers, BankDhofar has announced that it is the first bank in Oman to join Ripple’s global enterprise Blockchain network – RippleNet.
Toyota wants cars to “talk” to each other
Toyota Motor has reportedly announced plans to start selling US vehicles that can talk to each other using short-range wireless technology in 2021.