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Lucid Cuts $1.4B as Losses Surge 50% to $2.4B
Lucid cuts $1.4B as losses surge 50% to $2.4B, with shares falling 9% and PIF-backed EV maker restructuring operations ahead of FY27.
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MENA Investment Banking Fees Decline 19% in H1 Citing Iran War
Investment banking fees in the MENA region experienced a significant decline of 19% in H1,…
Bank Nizwa Proposes Alizz Islamic Bank Merger with Ominvest as Stakeholder
Bank Nizwa proposes merger with Alizz Islamic Bank while Ominvest is forecast to acquire up…
Saudi Arabia Records Weakest Quarter for Land Sales Citing Land Tax
The Kingdom of Saudi Arabia recorded its weakest quarter for land sales in nearly three…