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Nice One Third-Quarter Profit Falls 70% to SR1.78 Million as Expenses Rise

Saudi online beauty retailer Nice One said third-quarter net profit fell 69.8% to SR1.78 million as marketing and administrative costs rose.

Hub71 Selects Record 40 Startups for Cohort 19 After 2,502 Applications, With $296 Million Raised Between Them

Abu Dhabi's Hub71 selected 40 startups for its 19th cohort, its largest intake, from a record 2,502 applications across 117 countries.

Fitch Affirms Kuwait’s KIPCO at BB- With Stable Outlook, Citing $1.1 Billion in Cash

Fitch Ratings affirmed Kuwait Projects Company's long-term issuer default rating at BB- with a stable outlook, KIPCO said.

Emirates Stallions Group Nine-Month Profit Rises 36% to AED255 Million as Revenue Climbs 23%

Emirates Stallions Group, a subsidiary of International Holding Company, said net profit for the first nine months of 2026 rose 36% to AED255 million.

Saudi Market Regulator Proposes Letting 5% Shareholders Demand In-Person Meetings and Loss-Recovery Plans

Saudi Arabia's Capital Market Authority has proposed rules that would let shareholders with at least 5% of a listed company demand in-person general meetings and plans to address heavy losses.

Dubai’s BY Venture Partners Closes $60 Million Third Fund for AI Startups, Anchored by Dubai Future District Fund

Dubai-based BY Venture Partners has closed its third fund at $60 million, with the Dubai Future District Fund as anchor investor, taking its assets under management to more than $200 million.

Sharjah Islamic Bank Lists $500 Million Sukuk on Nasdaq Dubai After Drawing $1.3 Billion in Orders

Sharjah Islamic Bank listed a $500 million five-year sukuk on Nasdaq Dubai on Thursday, bringing its listings on the exchange to 11 issues worth $5.5 billion.

Woodside Signs 20-Year Deal to Supply QatarEnergy With Up to 3 Million Tons a Year of Louisiana LNG

Woodside Energy has signed a 20-year agreement to supply QatarEnergy with up to 3 million tons a year of LNG from its Louisiana LNG project, the Australian company said on Thursday.

UAE Startups and Innovators: Rentify, an AI Operating Platform for Rental Property

Dubai-based Rentify, which raised $2 million in seed funding in June, has launched Ally, an AI agent that handles rental maintenance requests from a tenant's WhatsApp message to the final invoice.

Riyadh Cables Third-Quarter Profit Rises 15.5% to SR325.1 Million as Revenue Climbs 18%

Riyadh Cables Group's third-quarter net profit attributable to shareholders rose 15.5% to SR325.1 million, and nine-month profit rose 11.9% to SR913.9 million.

Ghitha Holding Nine-Month Revenue Rises 27% to AED5.1 Billion as Profit Attributable to Owners More Than Doubles

Ghitha Holding's revenue rose 27% to AED5.1 billion in the first nine months of 2026, while profit attributable to owners rose 140% to AED116.3 million.

Muscat Stock Exchange Expects Three Listings in Energy and Technology in 2027, CEO Says

Muscat Stock Exchange expects three companies from the energy, information technology and consumer sectors to list in 2027, chief executive Haitham Al Salmi said.
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