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  • Tabby to acquire Saudi fintech Tweeq

    Founded in 2019 in the UAE by Hosam Arab, Tabby is a buy now pay later (BNPL) fintech with over $6 billion in annualised transaction volume. Meanwhile, Tweeq, founded in 2020 by Saeed Albuhairi and Abdulaziz Almalki, offers a spending account that allows customers to spend, send, and manage their money.

  • Shell isn’t so eager to look for oil these days

    Shell SHEL-1.19%, one of the world’s largest oil companies, is pulling back a bit from looking for the product that powers its bottom line. Reuters reports that the company will be cutting 20% of its oil-and-gas exploration workforce, the equivalent of hundreds of jobs. The move is part of an effort to save as much as $3 billion in expenses by the end of the year.

  • In pictures: Israelis protest to demand Gaza hostage deal

    Israeli protesters took to the streets for a second day on Monday to press the government to reach a deal to return hostages still held by Hamas, after six more captives were found dead in Gaza.

  • Saudi Arabia strengthens cooperation with Japanese gaming and entertainment companies

    The economic newspaper Nikkei Asia reported that the Kingdom’s Public Investment Fund plans to transfer all of its gaming-related shares to its subsidiary Savvy Games Group. The move underscores Saudi Arabia’s commitment to nurturing and developing the gaming industry in the region. By partnering with Japanese companies known for their expertise and innovation in the gaming sector, Saudi Arabia aims to build a strong ecosystem that fosters creativity and technological advancement.

  • UK suspends 30 of its 350 arms export licences to Israel

    Britain will immediately suspend 30 of its 350 arms export licences with Israel because there was a risk such equipment might be used to commit serious violations of international humanitarian law, foreign minister David Lammy said on Monday. Lammy said the decision to suspend the licences did not amount to a blanket ban or an arms embargo, but only involved those that could be used in the ongoing conflict between Israel and Hamas in the Palestinian enclave of Gaza.

  • Oman announces major changes to foreign investment rules

    The move offers opportunities for SMEs owned by Omanis to contest most business sectors, the decision lays emphasis on ensuring that the projects and activities related to the national identity and Omani heritage shall not be compromised.

  • IEA to convene major international energy security summit in London, hosted by UK government

    The IEA will convene an International Summit on the Future of Energy Security in the second quarter of 2025, hosted by the UK government in London, to assess the existing and future risks facing the global energy system and to prioritise the solutions and opportunities available for addressing them.

  • Oil prices fall as weak demand overshadows Libya blockade

    Brent oil prices slid in Asian trade on Tuesday as concern about a sluggish economy in China bringing down demand outweighed the impact of a blockade of oil production facilities in Libya. Brent crude futures were down 37 cents, or 0.48%, to $77.15 a barrel by 0156 GMT. U.S. West Texas Intermediate crude , which did not have a Monday settlement because of the U.S. Labour Day holiday, was 28 cents up from its Friday close of $73.55.

  • US military says Yemen’s Houthis attacked two crude oil tankers in Red Sea

    Yemen's Iran-backed Houthi rebels attacked two crude oil tankers - the Saudi-flagged Amjad and the Panama-flagged Blue Lagoon I - in the Red Sea on Monday, the U.S. military said, calling the assaults "reckless acts of terrorism". The Houthis late on Monday claimed responsibility for targeting the Blue Lagoon with multiple missiles and drones but did not make any mention of the Saudi tanker. The U.S. Central Command said the Houthis attacked the two tankers with two ballistic missiles and a one-way attack uncrewed aerial system, hitting both vessels.

  • Stars gear up for Saudi Arabia Masters – all you need to know

    The inaugural event which has been given the unofficial title of being the sport’s ‘fourth major’ by organisers, is the biggest ever staged outside the UK in the sport’s history, with a £2.3m prize fund and £500,000 winner’s cheque available - equal to the amount on offer at the Crucible in Sheffield.