News
UAE's IHC and Adani ink $11. 5 B aluminum deal
26+ min ago (168+ words) The agreement, to jointly build an aluminum complex in eastern India, is the latest sign of growing ties between the UAE and India. Abu Dhabi's International Holding Company and India's Adani Group agreed to invest $11. 5 billion to build an aluminum…...
Gulf sovereign funds on track for record year
26+ min ago (204+ words) Sovereign wealth funds from the region invested $53. 9 billion across 108 transactions in the first half of 2026, an all time high. Gulf sovereign funds on track for record year Gulf sovereign wealth funds are on track for one of their busiest years…...
Chinese renewables giant shares triple at IPO
26+ min ago (144+ words) Underlying the surge is the growing buildout of renewables, as electrification and the AI data center expansion push up power usage worldwide. Shares in one of China's biggest renewables firms almost tripled in value on its public debut. The company…...
Exclusive: Trump Accounts to launch without rollovers
53+ min ago (167+ words) The Trump administration is expected to launch Trump Accounts next week without a way for firms to host the children's savings accounts on their own platforms, people familiar with the talks told Semafor. Firms like Chime, Empower, Fidelity, and So…...
Open AI considers giving US government 5% stake
53+ min ago (146+ words) The move comes as the question of how to redistribute AI windfalls is being debated on either side of the political aisle. Open AI is considering giving the US government a 5% stake, a move that could improve relations with the…...
Exclusive: AI buildout upends emissions targets
53+ min ago (138+ words) Amazon, Google and Meta have recorded emissions hikes, while the EU is considering watering down its climate targets. The AI data center buildout is forcing companies and legislators to rethink their climate pledges Amazon's carbon emissions have risen for two…...
Trump's financial disclosure complicates crypto bill talks
1+ hour, 11+ min ago (146+ words) News that President Donald Trump made more than $1 billion from cryptocurrency while in office has emboldened Senate Democrats who want industry-friendly legislation to stop him from profiting off digital assets " potentially making it harder still to strike a deal this…...
US asset manager to launch Sharia-compliant credit fund
1+ hour, 19+ min ago (337+ words) Principal Asset Management, the Iowa-based firm that manages more than $590 billion, is planning to launch a Sharia-compliant US private credit fund aimed at Gulf family and institutional investors. The firm is working on the fund " which it says will be…...
Exclusive: Republicans plot an investigative end run
3+ hour, 31+ min ago (345+ words) Congressional Republicans could bank on an unorthodox investigative strategy if they lose the House this fall: relying on the threat of parallel probes by Trump's administration to power the House minority's congressional investigations next Congress. It could amount to an…...
Israel emerges as new Democratic litmus test
3+ hour, 35+ min ago (651+ words) Democrats are waking up to a new reality: Impeaching President Donald Trump just doesn't land the way it used to. After two prominent backers of Trump's impeachments lost their primaries to candidates with few major policy differences, Israel is eclipsing…...