Ford Cancels $6.5 Billion Battery Contract with LG Amid Electric Vehicle Restructuring
Ford cancels $6.5B battery deal with LG, signaling a shift in EV strategy amid restructuring and losses.
Egyptian Stock Exchange Declines Under Pressure from Banks and Real Estate, While Investment and Medical Stocks Rise
Egypt's stock market fell 0.37% amid declines in banking and real estate, while investment and medical stocks gained.
OpenAI Negotiates $10 Billion Deal with Amazon to Use Trainium Chips
OpenAI is in talks with Amazon for a $10B deal, potentially using Trainium chips, boosting both companies in AI market competition.
Gold Approaches Historic Highs Amid Rate Cut Bets and Rising Geopolitical Risks
Gold nears record highs on Fed rate cut bets, weak US jobs data, and rising geopolitical tensions, boosting safe-haven demand.
Apple Considers Shifting iPhone Chip Assembly to India for the First Time
Apple is exploring the possibility of shifting the assembly of iPhone chips to India, marking a new step to support its supply chain and reduce reliance on China.
Americana Appoints Mohamed Alabbar as Chairman and Restructures Governance in Abu Dhabi and Saudi Markets
Americana appoints Mohamed Alabbar as Chairman, restructures governance with new committees to enhance oversight in Abu Dhabi and Saudi markets.
National Debt Management Center Closes December Sukuk Issuance Worth 7.016 Billion Riyals
Saudi Arabia's National Debt Management Center issued 7.016 billion Riyals in Sukuk for December 2025, diversifying maturities.
Chinese Stocks Rise Supported by Tech Shares and Strong Semiconductor Gains with MetaX Surge
Chinese stocks rose, led by tech shares and a 700% surge in MetaX on its IPO. Analysts predict 30% growth by 2027.
Dubai Financial Market Moves in Narrow Range with Notable Activity on Emaar and DSI
The Dubai Financial Market (DFM) moved within a narrow range today, trading near 6116 points. Emaar Properties saw significant trading activity, while investors remain cautious.
Abu Dhabi Financial Market Slightly Declines to 9,964 Points Amid Focus on ADNOC Stocks
Abu Dhabi market dips to 9,964.31 points, down 0.157%, amid focus on ADNOC stocks and significant trading activity.
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