Bloomberg Saudi Industrial Investment Group and National Petrochemical Co. started talks to merge, potentially creating a firm with $11 billion in assets as Middle Eastern energy companies assess their options in a lower oil-price environment. The talks are at an initial stage, and no agreement has been reached, the companies said on Sunday. Saudi Industrial owns 50 percent of National ...

Bloomberg China’s ByteDance Ltd. is seeking a valuation of $60 billion for TikTok as Oracle Corp. and Walmart Inc. take stakes in the short-video app’s business to address US security concerns, according to a person familiar with the matter. Oracle and Walmart have rights to buy 12.5% and 7.5% respectively of a newly established TikTok Global under an agreement that ...

Dubai / WAM Dubai Future Foundation(DFF) announced its hosting of Founder Institute global startup accelerator programme for the first time at the regional level in AREA 2071, the innovation ecosystem in Dubai. The initiative, within DFF’s framework for strengthening global partnerships, is aimed at providing opportunities for startups specialised in various technology sectors to develop their innovative projects and ideas ...