Oracle’s software licensing practices are drawing scrutiny from European Union antitrust regulators, according to a person familiar with the matter, potentially opening a new competition challenge for the US cloud computing giant. The European Commission has been seeking information from third parties about Oracle’s licensing practices, the person said. The information-gathering exercise could help regulators…
Kotak 811 Savings Account: Complete Guide to Eligibility, Features, Charges & Account Opening Opening a savings account has become much easier with digital banking. Instead of visiting a branch and completing a paper-based application, eligible customers can now begin the account-opening process through a smartphone. Kotak 811 is Kotak Mahindra Bank’s digital savings-account offering, designed…
Shuaa Capital reported a loss for the first quarter of 2026 as lower management fee income and weak advisory business activity affected overall financial performance. According to a statement filed with the Dubai Financial Market, the company recorded a net loss attributable to shareholders of AED10 million (approximately $2.7 million) during the quarter. In comparison,…
Shares of UAE-based AIR Global experienced significant fluctuations during the company’s first day of trading on the Nasdaq stock exchange in New York. The company, which manufactures hookah products, vape devices, and flavoured tobacco molasses, saw its stock move sharply between highs and lows before ending the trading session at $10.50 per share. The stock…
Oman Investment Authority (OIA) has announced a strong financial performance for 2025, reporting a significant increase in profits as the fund’s total assets under management reached approximately OMR23 billion ($60 billion). According to the authority’s latest report, annual profit rose to OMR2.9 billion in 2025, representing an 86% increase compared to OMR1.6 billion recorded the…
