42+ min ago  (344+ words) Bank of Baroda, one of India's largest lenders, has agreed a $600 million out-of-court settlement in the NMC Health fraud case. The India-listed bank was one of three defendants in the $5. 4 billion claim brought by Alvarez & Marsal (A&M), administrator of the…...

4+ hour, 21+ min ago  (381+ words) Qatar and Algeria have agreed to press ahead with an expansion of their joint steel plant in the North African country. The two countries also agreed to pursue plans to establish one of the world's largest farm projects in another…...

5+ hour, 57+ min ago  (234+ words) Saudi Arabia's market regulator has invited proposals to launch a domestic commodities exchange, as the kingdom looks to deepen its capital markets and support its fast-growing mining sector. The exchange "aims to strengthen the capital market infrastructure, expand the range…...

6+ hour, 48+ min ago  (434+ words) The UK's sanctions enforcement body is looking to take action against businesses that have unlawfully traded with Iran. The pledge from the Office of Financial Sanctions Implementation (OFSI), part of the UK Treasury, comes as UK lawmakers consider proposals to…...

8+ hour, 54+ min ago  (250+ words) China's Zenith Group will invest $300 million in a car tyre-component manufacturing plant in Egypt. The facility, part of Cairo's push to expand its industrial sector, will be built on a 320, 000-square-metre plot in the Suez Canal Economic Zone. It will…...

8+ hour, 43+ min ago  (249+ words) Oman India Fertiliser Company's (Omifco) initial public offering attracted OMR4. 7 billion ($12. 2 billion) in investor orders, making it 18 times oversubscribed. It drew the "highest-ever demand generated by any IPO in Oman" from local, regional and international investors, the company said in a…...

6+ hour, 37+ min ago  (173+ words) Anghami, one of the largest music streaming apps in the Middle East and North Africa, said it received a preliminary, non-binding offer from OSN Streaming (OSN), its Dubai-based controlling shareholder, to acquire all outstanding shares and delist from Nasdaq. OSN,…...

6+ hour, 8+ min ago  (376+ words) Newcastle United will have to focus on raising commercial revenues rather than relying on its wealthy Saudi owners after falling foul of European football's financial sustainability regulations. The English Premier League side, bought by the Public Investment Fund in 2021, was…...

7+ hour, 13+ min ago  (911+ words) For all the hype and big-name signing, that money has yet to translate into results on the pitch Despite years of investment in football, Saudi Arabia and Qatar" the Arabian Gulf's two footballing giants " have been knocked out of this…...

7+ hour, 9+ min ago  (268+ words) Oman's state-run logistics company Asyad has signed a partnership agreement with a French company to build a $400 million logistics terminal at Sohar port. "The agreement was a result of Sultan Haitham's efforts during his visit to France this week to…...