CEO says Humain’s financial roadmap includes a plan for shares to trade both on the Saudi stock exchange and Nasdaq
Nasdaq
Latest in Nasdaq
Artificial intelligence
Abu Dhabi-based BWI announces Blaize’s successful IPO on NASDAQ
The company’s listing was done through BurTech Acquisition Corporation, a Special Purpose Acquisition Company (SPAC) owned by BWI with a valuation of $1.2 billion
Abu Dhabi Securities Exchange
Phoenix Group appoints Munaf Ali as CEO, eyes NASDAQ listing in 2025
His appointment comes as the cryptocurrency conglomerate seeks to strengthen its institutional relationships and expand its global presence
DIFC
Billion-dollar telco VEON announces plan to relocate to Dubai
The company will move its HQ from Amsterdam to Dubai
Market Volatility
Tech stocks crash: $1 trillion rout hits Nasdaq 100 over AI jitters
The Nasdaq indexes tumbled more than 3% on Wednesday, with the list of laggards being a who’s-who of AI technology darlings, led by semiconductor companies such as Nvidia, Broadcom and Arm Holdings
eToro
US tech stocks – Will the boom continue?
Tech stocks, with their strong financial positions, adaptability, and innovative capabilities, have become a source of safety for investors
Arm Holdings
British chip maker Arm’s stock surges 25% in Nasdaq debut, becomes biggest IPO of the year
The stock was offered at the highest price band of $51, but climbed to $63.59, up 24.68%, by the close of day’s trading
Air India
Air India, Sabre sign multi-year deal for global access to fares and seats
Besides the distribution services, Air India will also utilize Sabre’s consultancy expertise to help determine optimal routes for its existing and new fleet
Abu Dhabi bourse
Interest rate hike: UAE, US bourses see mixed performances on Wednesday
The Abu Dhabi main index edged 0.065 percent higher, supported by First Abu Dhabi Bank gaining 1.3 percent to close AED16.00
China
Nasdaq halts IPO listing of small-cap Chinese firms after massive rise and fall in share prices
Nasdaq is seeking more information, especially from Asian companies, and has stopped giving approval after price spike in recent IPOs
automotive industry
Saudi investor becomes largest stakeholder in Israeli autotech firm
The move allows Mithaq to discuss strategy, governance, and business with the Israeli firm’s representatives
Alfaisal University
Honeywell inks deal with Saudi’s Alfaisal University to aid kingdom’s ESG goals through building energy projects
Through the Sustainable Energy Training Program, Honeywell also aims to provide a sustainable source of qualified energy professionals and auditors to help support its energy projects in the region
AB In Focus
AB Talks: Anghami’s CEO on stock market success and that Amr Diab deal
Eddy Maroun, Co-Founder and CEO of Anghami to dive into the company’s success after becoming the first Arab tech company to list on the US Nasdaq Stock Market
Anghami
UAE’s Shuaa Capital lists tech-focused $100mn SPAC on NASDAQ New York
Special Purpose Acquisition Company will focus on identifying tech-enabled financial services businesses in the MENAT region
Anghami
UAE’s Anghami shines on Nasdaq debut as rival Spotify falters
Abu Dhabi-based music streaming firm sees shares surges by as much as 82% on day one of trading in the US
Abu Dhabi
Abu Dhabi-based Anghami rings bell on US NASDAQ in celebration of approval to list
Anghami is the first Arab technology company to be listed on the NASDAQ, and the first Arab company to list on the exchange in over 25 years
Globalfoundries
Chipmaker GlobalFoundries, Mubadala, raise $2.6bn in US IPO
Mubadala will control more than 89 percent of the company’s shares following the IPO
