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The platform enables efficient management of activities including bill payments, payroll, business travel, invoicing, corporate cards, compliance services, and a wide range of operational stake bet workflows. The investment is expected to strengthen Sammaan Capital’s balance sheet, support its next phase of growth, and enhance its ability to deliver innovative lending solutions across underserved segments. Syed Basar Shueb, CEO of IHC, said the acquisition represents an important step in the group’s long-term strategy to grow its presence in India’s financial services sector, highlighting opportunities to enhance capabilities, including through the adoption of artificial intelligence. The deal marks a significant milestone in IHC’s expansion into India, one of the world’s fastest-growing major economies, where non-banking financial companies continue to play a critical role in bridging the gap between traditional banking services and rising credit demand.
Citing a recent survey, Hoque said about 55% of students and guardians support a mixed model, though he warned that fully online classes could increase social isolation. The plan would introduce a hybrid system combining online and in-person classes to reduce energy use while maintaining academic continuity, the minister said. Officials cited rising fuel import costs and supply uncertainties stemming from instability in the Middle East, which have driven global oil prices higher.
Sammaan Capital added that the partnership with IHC will support its long-term growth ambitions and strengthen its position among well-capitalised financial institutions in the country. In a stock exchange filing, the company said IHC, through its affiliate Avenir Investment RSC Limited, will become the promoter of Sammaan Capital by acquiring a 41.5 per cent stake via a preferential allotment of equity shares and warrants. The broad product portfolio not only underscores AMD’s leading role in the high-end processor space but also demonstrates how the company purposefully supports professional users and developers. Since its founding in 1969, AMD has grown from a small semiconductor player in Silicon Valley into a global technology company that continuously expands the boundaries of what is possible in computing. With the EPYC 9005 series, AMD delivers outstanding performance for cloud, enterprise, and AI workloads.
- A new AI Hub has been launched in Sharjah aimed at accelerating AI adoption and will bring together infrastructure, partnerships and expertise into one ecosystem that supports companies looking to grow.
- “There are very real, physical manifestations of the closure of the Strait of Hormuz that are working their way around the world,” said Mike Wirth, chief executive of Chevron, speaking at the S&P Global CERAWeek energy conference in Houston.
- Al Mahmoudi said the concept of talent within the ecosystem goes beyond individuals, extending to institutions and companies both within and outside the UAE.
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Through its modular, platform-as-a-service model, Peko addresses the growing demand among SMEs and mid-market companies for seamless, automated infrastructure that replaces fragmented legacy systems. Samayat Services LLP, one of the promoter entities of supermarket chain Vishal Mega Mart, on Friday divested nearly a 14 per cent stake in the company for ₹7,635 crore through open market transactions. The end of support for Windows 10 on October 14, 2025, highlights the urgency of migrating IT infrastructures to modern, high-performance systems. The AI Hub will serve as a “gateway” for AI adoption built on multiple pillars, including talent, global relationships, and through existing infrastructure The AI Hub will also bridge the gap between innovation and implementation by offering integrated services, including AI consulting, applied research and development, data analytics, prototyping, and advanced computing infrastructure.
According to the exchange filing, upon completion of an open offer (announced at ₹139 per fully paid equity share), and assuming full uptake in the open offer, IHC, through Avenir will hold 63.3 per cent stake in Sammaan Capital. Sammaan Capital has already received an initial tranche of ₹5,652 crore, equivalent to about $600 million, towards the allotment. Stake is authorised to offer Shariah compliant investments. All investments through Stake carry risk and are not guaranteed. Stake platform consists of the website (Stake ) and mobile app. Past performance is not a reliable indicator of future results.
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Spare global production capacity — estimated at only 3 to 4 million barrels per day — is far too limited to offset a prolonged disruption at Hormuz. Energy economists say the current crisis differs from previous oil shocks because it is being driven less by production shortages and more by transport bottlenecks at one of the world’s most critical energy chokepoints. Any attempt to disable or seize the island could sharply tighten global supply and send prices surging almost immediately.
SPARK, formerly known as SRTIP, was established in 2016 by the emirate’s ruler, Sheikh Dr. Sultan bin Mohammed Al Qasimi, and to date has over 7,500 companies registered under it, from healthcare to advanced manufacturing. The aim is to equip participants with the skills needed to adopt and scale AI solutions in real-world settings. “There are many who want to do things in the UAE but cannot come here, so we want to create a platform to allow them to be part of this.”
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The United States and its allies have released an estimated 400 million barrels from strategic reserves — the largest coordinated release on record — while temporarily easing restrictions on some sanctioned oil supplies to stabilise markets. Shipping disruptions triggered by attacks on civilian vessels and regional energy infrastructure have already slowed tanker traffic across the Gulf. Analysts say this widening gap between futures prices and physical delivery costs suggests headline oil benchmarks may still underestimate the scale of disruption building across global supply chains. “There are very real, physical manifestations of the closure of the Strait of Hormuz that are working their way around the world,” said Mike Wirth, chief executive of Chevron, speaking at the S&P Global CERAWeek energy conference in Houston. Kharg Island handles roughly 90 per cent of Iran’s crude exports, making it one of the single most important energy facilities in the global oil system. Bangladesh is also seeking more than $2.5 billion in external financing to support fuel and liquefied natural gas imports, amid rising energy costs and mounting pressure on foreign exchange reserves.
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He explained the Park’s high-performance computing facilities, like the Sharjah Open Innovation Lab (SOILAB), as well as its network and relationship with outside partners will allow it to help provide companies with the support they need to grow. A new AI Hub has been launched in Sharjah aimed at accelerating AI adoption and will bring together infrastructure, partnerships and expertise into one ecosystem that supports companies looking to grow. Defence planners increasingly view the island as a decisive pressure point if tanker traffic through Hormuz remains constrained — a step that could remove 1.5 to 2 million barrels per day of Iranian exports from global markets almost overnight. Disruptions that began in South Asia are already spreading across wider energy markets, according to Wael Sawan, chief executive of Shell. The acquisition of Peko Holdings further strengthens IHC’s global portfolio and reinforces its commitment to backing businesses that enable economic participation, operational efficiency, and sustainable growth across diverse markets.
