Friday, 14 August 2026
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Riya Chaudhry

Riya Chaudhry writes on business, markets, and personal finance across the Gulf. Her beat covers company moves, banking, capital markets, and the trading and fintech scene that connects the UAE with South Asia.

Business & Economy

Talabat Owner Delivery Hero Acquired by Uber in $14.8 Billion Deal

Uber's acquisition of Delivery Hero, parent company of the prominent regional food delivery platform Talabat, for $14.8 billion marks a significant consolidation in the global and MENA delivery market, promising shifts for consumers and businesses across the UAE.

Business & Economy

Zhilin Yang and Moonshot AI: How Kimi K3 is Reshaping the Global AI Landscape

Zhilin Yang, CEO of Moonshot AI, is making waves with the Kimi K3 model, challenging established global AI leaders. This development underscores the intensifying competition and innovation driving the artificial intelligence sector forward, with implications for regional tech strategies.

Business & Economy

Argentina's Offshore Oil Ambitions Drive Economic Growth

Argentina is strategically advancing its offshore oil and gas exploration, aiming to unlock vast energy reserves in the South Atlantic. This significant push is poised to reshape the nation's economic landscape, attracting substantial investment and promising long-term growth for its.

Business & Economy

Gulf Energy Market Volatility Rekindles Inflation Concerns

Recent market instability impacting Gulf energy infrastructure has reignited concerns over inflation across the UAE and wider GCC. Businesses and consumers face potential price pressures, prompting a closer look at economic resilience and supply chain security.

Crypto and Forex

Mgx Eyes Multi‑Billion Deal to Acquire Dayone Data Centres

Abu Dhabi‑based MGX is lining up a multi‑billion‑dollar investment to purchase Dayone, a leading data‑centre operator. The move could reshape the UAE’s digital infrastructure, boost crypto‑related services and attract further foreign tech capital.

Crypto and Forex

Exoduspoint Secures $2 Billion Backing from Abu Dhabi’s Adic

ExodusPoint, a global crypto asset manager, closed a $2 billion funding round led by Abu Dhabi’s ADIC, signaling strong institutional confidence in the region’s digital‑asset ecosystem and paving the way for expanded UAE market participation.

Crypto and Forex

Adia to Trim Lenskart Holding as Softbank Exits

Abu Dhabi Investment Authority is set to off‑load a Rs 1,944 crore stake in eyewear retailer Lenskart, marking a swift portfolio shift after SoftBank’s recent divestment. The move underscores ADIA’s focus on liquidity and strategic rebalancing amid a dynamic regional.

Crypto and Forex

Marathon Digital Shifts Focus from Bitcoin Mining to 2 Gw AI Initiative

Marathon Digital’s decision to repurpose its mining infrastructure for artificial‑intelligence workloads marks a strategic pivot that could reshape crypto‑related investment patterns in the UAE, where institutional funds are eyeing AI‑driven returns alongside digital‑asset exposure.

Crypto and Forex

Etoro Names Nagham Hassan as MENA Market Analyst

Dubai‑based eToro has added Nagham Hassan to its research team, tasking her with tracking crypto and forex trends across the MENA region. The move signals a deeper focus on Gulf investors and could sharpen market insight for regional traders.

Business & Economy

Modon and Montage Unveil Luxury Resort Project on Egypt’s RAS El Hekma

Abu Dhabi‑based Modon has partnered with international brand Montage to develop a high‑end resort on Egypt’s Red Sea coast, marking a significant UAE‑led investment that could boost regional tourism flows and diversify Emirati construction portfolios.

Business & Economy

GCC Fintech Defies the 2026 Funding Slowdown

Fintech captured 46% of GCC venture capital in Q1 and led sectoral funding for four straight months. Saudi open-banking licences and Tabby's Series E have made the category structurally stronger.

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