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Modon Signs MOU with Hassan Allam for Ras al-Hekma Project

Global Business Magazine November 19, 2024

The $35 billion Ras al-Hekma project, a new city being developed by the UAE and Egypt on the Ras al-Hekma peninsula in Egypt, Read More

Business Companies Data Centres Divestments World

Keppel JV to Divest 2 Hyper-scale Data Centres in Singapore

Global Business Magazine November 19, 2024

In one of the largest data centre transactions in Southeast Asia, Singapore’s Keppel Ltd on Tuesday announced the divestment of a Read More

Business Companies Oil & Gas Regional World

Aramco, SINOPEC Launch Works on Fujian PetChem Project

Global Business Magazine November 19, 2024

Development of China’s petrochemical sector gained further momentum with Saudi Aramco, one of the world’s leading integrated energy and chemicals Read More

Business Airlines Bankruptcy Companies World

Spirit Airlines File for Chapter 11 Bankruptcy

Global Business Magazine November 19, 2024

As expected, the biggest ultra-low cost carrier Spirit Airlines became the first US major airline in the last 13 years to file for Read More

IMF Oil & Gas OPEC Regional

IMF: Oman’s Economy to Rebound in 2025

Global Business Magazine November 19, 2024

Oman’s economy continued to expand as its economic growth turned out at 1.2% in 2023 before accelerating to 1.9% y-o-y in the first half Read More

Business Companies Energy World

Spain’s Endesa Plans to Invest $10.14 Billion Until 2027

Global Business Magazine November 19, 2024

Endesa, Spanish leading company in electricity sector and the second-biggest operator in the electricity market in Portugal, on Tuesday expects a total Read More

Business Companies Mining Precious Metals Regional World

UAE Set to Become Major Gold Hub in Future

Global Business Magazine November 18, 2024

Dubai Multi Commodities Centre (DMCC), the leading international business district that drives the flow of global trade through Dubai, on Monday forecast Read More

Business Companies shares World

Samsung Shares Up After It Announces Share Buyback Program

Global Business Magazine November 18, 2024

Aiming to enhance shareholder value, Samsung Electronics Co Ltd’s $7.17 billion share buyback programme began on Monday. In 2017, the company repurchased shares Read More

Business Companies IPOs World

Klarna Plans IPO in NYSE in H1 of 2025

Global Business Magazine November 18, 2024

Klarna Group Plc, the Swedish Buy Now Pay Later firm, has submitted a draft Registration Statement on Form F-1 to the US Read More

Business Companies Deals Mergers and Acquisitions Regional

UAE, Saudi Arabia Lead MENA’s M&A Activity in 9M-2024

Global Business Magazine November 18, 2024

Mergers and acquisitions in the Middle East and North Africa (MENA) region witnessed an increase in activity with a total of 522 deals Read More