Plus: PMI in services declines and Russian naphtha arrives at Adani operated port
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Cedar-IBSi Capital secures Abu Dhabi LP for India FinTech fund
KSH Investments has joined as a limited partner in the USD 25-30 mn venture vehicle targeting B2B and enterprise FinTechs
Reliance offers Middle Eastern crude for sale in rare move
RIL has offered Murban, Upper Zakum, and Basrah Medium crude cargoes for sale in a rare reversal of its usual import-driven strategy
Sanmar group signs long term perchem supply agreement with Ta’ziz
Sanmar group will pick 350k tonnes of petchems from Ta’ziz
India unveils first AI governance policy
The ministry has opted for adaptive regulation and updates to existing laws over a standalone AI Act
SBI to sell 6.3% stake in fund arm through IPO
SBI to revive its shelved 2021 plan to list SBI Funds Management, its joint venture with France’s Amundi SA
India + New Zealand FTA negotiations in Auckland
Fourth-round negotiations in Auckland seek early conclusions of FTA launched in March 2025
Tesla appoints Sharad Agarwal as India head
Sharad was formerly Lamborghini’s India business head
Lighthouse Canton raises INR 3.3 bn in fund led by Peak XV Partners
The Singapore-based firm’s first external fundraise will support its tech upgrade, product expansion, and India investments in private credit and real estate
Mashreq Capital sees upbeat 4Q for MENA bonds, selective upside in equities
Mashreq expects nehttps://ent.news/2025/9/1481.jpgar double-digit bond returns and favors reform-driven equity markets in Saudi Arabia, and the UAE amid easing cycle tailwinds