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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 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.

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Tuesday morning became extra special for actor Huma Qureshi as she woke up to a surprise shout-out from acclaimed global filmmaker Zack Snyder. Iranian forces have since attacked US assets and civilian infrastructure in Gulf countries, causing casualties and damage to infrastructure. The Embassy of India in Kuwait expressed its condolences and was closely coordinating with the Kuwaiti authorities to render all possible support and stake app assistance.

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“The reality of the physical market disruption is really hard to ignore,” said Ben Cahill, director for energy markets and policy at the University of Texas at Austin. The war involving Iran is entering a far more dangerous phase for the global economy, with energy markets now bracing for a potential strike on Kharg Island — Tehran’s main oil export hub — that analysts warn could trigger a full-scale supply shock within weeks if the conflict intensifies further. The nation of 175 million people relies on imports for about 95% of its energy needs and is scrambling to secure supplies as state-run agencies turn to volatile global markets. With IHC’s scale, long-term perspective, and strategic support, we are well positioned to accelerate innovation, expand into new markets, and deliver greater value to SMEs worldwide.” The acquisition aligns with IHC’s strategy of investing in category-defining platforms with strong governance, clear paths to scale, and the ability to generate long-term, sustainable value across global markets.

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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.”

“We think companies are talent, people at universities are talent, and also those from outside the UAE,” he said. Al Mahmoudi said the concept of talent within the ecosystem goes beyond individuals, extending to institutions and companies both within and outside the UAE. A total of 49 volunteers from the ‘Your Neighbourhood Officer’ initiative were deployed across 77 locations, working alongside response teams in areas including Al Qusais, Bur Dubai, Al Muraqqabat, Al Barsha and Al Rashidiya. Meanwhile in Dubai, Dubai Police volunteers stepped in to support residents across neighbourhoods during the recent heavy rains, returning 279 lost vehicle number plates and helping recover 30 stranded cars from flooded areas. The initiative helps them get replacement vehicle license plates lost during the weather conditions, with delivery directly to their homes without the need to visit service centers. But with troop deployments rising, tanker traffic constrained and one of the world’s most critical export hubs now in the strategic crosshairs, analysts warn the coming weeks may determine whether the current disruption remains contained — or evolves into the most serious global oil shock in more than a decade.

• Currently, IHC holds a 26.9 percent stake in the financial company, and the transaction will be executed in multiple stages in accordance with applicable Indian regulations, IHC said in a disclosure on the Abu Dhabi Securities Exchange, where it is listed.
• Abu Dhabi-based International Holding Company has announced it has received “all requisite regulatory approvals” to acquire a majority stake in Sammaan Capital, an Indian private housing finance company, for a total transaction value of Dh3.6 billion.
• The processors combine modern Zen 5 CPU cores with an integrated, powerful Neural Processing Unit (NPU) that delivers up to 55 TOPS (tera-operations per second) for AI workloads — currently one of the highest AI compute capabilities in mobile processors.
• Beneficiaries can request replacement plates by contacting the call centre at 901, with the Vehicles and Drivers Licensing Department handling all procedures, including printing the plates and delivering them to customers’ homes free of charge.

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.