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Aramco Tells Staff to Evacuate Dhahran Headquarters as Houthi Attacks on Saudi Arabia Intensify

Saudi Aramco has told staff to evacuate its headquarters in Dhahran and work remotely, Reuters and AFP reported on Thursday, as attacks by Yemen's Houthis on the kingdom intensify.

Saudi AI Firm Humain Expands Nvidia Deal With Plan for Up to 84MW of Computing Capacity and 27,000 Chips

Saudi Arabia's Humain has expanded its partnership with Nvidia to develop up to 84 megawatts of AI computing capacity using about 27,000 graphics processing units.

ADNOC’s XRG in Early Talks to Buy Stake in Eni’s Libya Oil and Gas Business, Reuters Reports

XRG, the international investment arm of ADNOC, is in early talks with Eni about a possible stake in the Italian company's oil and gas business in Libya, Reuters reported on Thursday.

Saudi Stocks Fall 2.3% to Lowest Close Since April 2021 as Dubai, Abu Dhabi, Qatar and Kuwait Also Decline

Saudi Arabia's benchmark index fell 2.32% to 9,695.86 points on Thursday, its lowest close since April 2021, as Dubai, Abu Dhabi, Qatar and Kuwait also closed lower.

Abu Dhabi Stem Cells Center and Germany’s Miltenyi Agree to Develop and Make CAR-T Therapies in the UAE

The Abu Dhabi Stem Cells Center and Miltenyi have signed an agreement to develop and manufacture CAR-T cell therapies in the UAE, aiming to cut the need for patients to travel abroad for treatment.

Masdar Prices $600 Million Five-Year Blue Bond at 115 Basis Points Over Treasuries

Abu Dhabi Future Energy Company, known as Masdar, has launched a $600 million five-year blue bond, with initial price talk set at around 130 basis points over US Treasuries.

Robinhood Gets Dubai Regulator’s Approval, Makes DIFC Its Middle East Base Ahead of 2027 Launch

US trading platform Robinhood has won approval from the Dubai Financial Services Authority and will run its Middle East business from the Dubai International Financial Centre.

SalamAir to Start Muscat Flights to Erbil and Damascus as Network Grows to More Than 46 Destinations

Oman's low-cost carrier SalamAir will begin direct flights from Muscat to Erbil on Oct. 25 and to Damascus on Oct. 28.

Aramco Seeks Access to Foreign Governments’ Strategic Oil Storage and Aims to Double Capacity Abroad

Saudi Aramco is seeking access to strategic oil storage held by foreign governments and aims to double its storage capacity abroad, CEO Amin Nasser said.

IMF Sees Gulf Economies Shrinking 4.8% in 2026 as Saudi Arabia and UAE Head for Recession

The International Monetary Fund expects Gulf Cooperation Council economies to contract 4.8% this year before growing 9.1% in 2027.

QNB Raises QR750 Million From Japanese Investors in Largest Riyal-Denominated Shogun Bond

QNB Group has completed its second Qatari riyal-denominated Shogun bond, raising QR750 million from Japanese investors in a three-year deal.

Saudi Index Falls Below 9,800 for First Time Since April 2021 as 34 Stocks Hit Record Lows

Saudi Arabia's main share index fell 1.8% in Thursday trading and dropped below 9,800 points for the first time since April 2021.
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