investment from Hefei government-backed funds and a $2.94 billion capital injection from Abu Dhabi’s CYVN Holdings in 2023. Last week, the company reported fiscal fourth-quarter revenue of 19.70 ...

Major players in the market include Emirates Auction, Copart UAE, and Dubai Auto Auction, operated by the Roads and Transport Authority (RTA), alongside smaller operations such as Sama Cars Auction ...

National Bank of Kuwait-Bahrain (NBK-Bahrain) reported net profits of BHD 139.81 million (USD 370.85 million) in 2024, compared to BHD 132.79 million (USD 352.23 million) in 2023. As of the end of ...

Google said Tuesday it will acquire cloud security platform Wiz for $32 billion, citing the need for greater cybersecurity capacity as artificial intelligence embeds itself in technology ...

Then he says, “Why don’t y’all slap that badge on an SUV?” CYVN Holdings out of Abu Dhabi bought McLaren in December. According to Bloomberg, it plans to merge McLaren with British EV startup Forseven ...

Bahrain must take the lead in a sector reshaping global economies, say lawmakers pushing for Labour Fund (Tamkeen) to invest directly in artificial intelligence businesses. A proposal before ...

It's part of a turnaround plan to get the struggling automaker back on track after it was purchased by Abu Dhabi's CYVN Holdings in December of 2024. It will merge the company with its UK-based EV ...

The Abu Dhabi Investment Authority (ADIA) is ramping up its investments in Artificial Intelligence (AI) as it participated in the $200 million seed round of a US-based firm that operates in life ...

Citing “people familiar with the matter,” Bloomberg reported that CYVN Holdings, the Abu Dhabi government-owned investment firm that purchased McLaren’s car-building division in December ...