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India and the European Union announced they have reached a historic trade deal after nearly two decades of negotiations, a move that reflects a strategic shift in the global trade map amid rising tensions with the United States.Indian Prime Minister Narendra Modi said today (Tuesday) that the deal, described by observers as the “mother of all deals”, opens broader economic horizons for India’s more than 1.4 billion people and millions of Europeans, stressing that the new partnership will boost growth, investment and trade exchanges between the two countries.Prime Minister Modi and European Commission President Ursula von der Leyen are expected…

Kuwait has canceled tenders in its oil sector worth nearly $10 billion after contractors submitted bids that significantly exceeded government-approved budgets, highlighting rising project costs and increased fiscal discipline in the Gulf energy sector. The canceled tenders were issued by Kuwait Oil Company (KOC), the upstream arm of the state-run Kuwait Petroleum Corporation (KPC), and were for nine major oil and gas infrastructure projects, according to industry sources and regional business reports. These projects were part of Kuwait’s broader upstream expansion and infrastructure modernization program and included contracts for water injection systems, pipelines and associated oilfield facilities, which are critical…

Fitch Ratings said in a new report that Saudi banks’ credit conditions remain strong and financial indicators indicate they are less sensitive to economic downturns than most GCC peers. Saudi Arabia’s business environment is favorable, as reflected in its ‘bbb+’ score, which is the highest in the GCC (along with the UAE). This is supported by still high government spending, continued economic diversification and non-oil growth under Vision 2030, and progress on giga projects. Saudi banks have grown at about twice the GCC average since the pandemic, but growth started to slow in the second half of last year. “We…

NEOM selects five Saudi studios for latest Level Up game accelerator News • January 12, 2026 edit arabic NEOM has selected five Saudi game studios to fund under its flagship Level Up, following an initial mentoring phase for 18 studios, making it the largest program cycle to date. Selected studios will receive funding, seven months of mentorship totaling 600 hours per studio, and access to NEOM’s global publisher network, including Kwalee and Tamatem Games. Saudi Arabia’s gaming sector aims to contribute R50 billion ($13.33 billion) to GDP by 2030, and the five studios that will be expanding are Aiqona Productions,…

A team of researchers at the Massachusetts Institute of Technology has uncovered a surprising biological mechanism that explains why humans lose focus and attention during the day after a night of insomnia or not getting enough sleep. The brain tries to “compensate” for the lack of natural cleansing processes that occur during deep sleep by releasing waves of cerebrospinal fluid (CSF) during wakefulness, but this comes at the cost of concentration, according to a study published in Nature Neuroscience. Study Details: Researchers conducted an experiment on 26 volunteers, with each participant taking two tests. The first time was after a…

Abu Dhabi – K2 and WeRide signed a strategic memorandum of understanding at UMEX 2026 to jointly operate autonomous buses with support from the Smart Autonomous Systems Council (SASC) and the Integrated Transport Center (ITC). This partnership supports Abu Dhabi’s vision to advance smart mobility by enabling the real-world deployment of autonomous public transport and strengthening the emirate’s position as a global hub for intelligent and sustainable transport solutions. “The strategic collaboration between K2 and WeRide reflects the importance of collaboration to realize a future where self-driving technologies operate seamlessly and sustainably,” said Waleed Albrusi, vice president of strategy at…

SYDNEY: Asian stocks rose on Tuesday as investors hoped for the best from a spate of gains in US mega-cap stocks, but uncertainty caused by President Donald Trump’s recent tariffs on South Korea limited broad gains while boosting gold and silver. President Trump accused South Korea’s parliament of “not implementing” a trade deal with Washington and said late Monday that he would raise tariffs to 25% on imports from Asia’s fourth-largest economy to the United States, including cars, lumber and medicine. The stock market seemed to take the news well, with Nasdaq futures up 0.2% as investors braced for big…

Madeed raises $400,000 to build data-driven preventive care in Saudi Arabia News • January 13, 2026 edit arabic Saudi Arabia-based health tech Madeed has raised $400,000 in a pre-seed round led by Vision Ventures with participation from Saudi angel investors Mashhoor Aldubayan, Mazen Aldarrab, and Abdulla Nadeem Elyas. Founded in 2025 by Adam Bataineh, the startup is building a preventive healthcare platform focused on early detection of disease risk through advanced biomarkers and laboratory tests. The funding will support product development, expanding clinical and laboratory partnerships, and launching the first member cohort in Saudi Arabia as the company moves toward…

Majid Al Hogeir, Minister of Regional Housing, inaugurated the city of Khuzam Digital Valley, an integrated city specializing in data centers and digital technologies within the Khuzam destination, at the opening ceremony of the Future Real Estate Forum, in the presence of NHC CEO Mohamed Al Bati and NHC Innovation CEO Rayan Al Akl, engineer.NHC Innovation is leading the development and implementation of the project, making it one of the pillars of NHC’s strategy to expand the city’s investment in digital infrastructure and advanced technology-based real estate development industry.”Khuzam Digital Valley is a strategic step towards accelerating Saudi Arabia’s ambitions…

SOUTH GORE – Global oil demand will continue to exceed 100 million barrels per day until 2040, while demand for liquefied natural gas (LNG) and electricity will both increase by more than 50%, the head of Abu Dhabi National Oil Company (ADNOC) said. Managing director and CEO Sultan Ahmed Al Jaber said at the India Energy Week conference on Tuesday that electricity demand will increase due to the need to power cooling systems, AI infrastructure and data centres. “Demand of this scale and pace requires investment in all forms of energy,” Al Jaber said. “The biggest risk is not oversupply…