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Retail Investors Flock to subscribe to Modern Mills Company IPO

Global Business Magazine March 13, 2024

The Initial Public Offering of Saudi-based Modern Mills Company (MMC) saw strong demand from retail investors with a 22x oversubscription rate, the Read More

Banking Featured Mergers and Acquisitions News Regional

Al Salam Bank Bahrain Increases its Shareholding in Al Salam Bank Algeria to 66.7%

Global Business Magazine March 13, 2024

AL Salam Bank (ASB) Bahrain on Tuesday announced that it has increased its shareholding in Al Salam Bank Algeria (ASBA) from 53.1% to 66.7% Read More

Economy Featured News Regional

GCC IPO Market to Remain Strong in 2024, Says Fitch Rating

Global Business Magazine March 13, 2024

The GCC governments’ plans for privatisation is all set to help the Initial Public Offerings (IPOs) momentum remain strong throughout 2024, global rating Read More

Finance Featured News Regional

MENA Start-Ups Contribute Second Highest Regional Deal Value in 2023

Global Business Magazine March 13, 2024

Start-ups in the Middle East & North Africa (MENA) region contributed to the second-highest regional deal value on record in 2023, according to a Read More

Economy Energy Featured News Regional

Barring UAE and Saudi Arabia, Growth Hits Other Countries in GCC Region in 2024

Global Business Magazine March 12, 2024

Facing a slowdown in 2024 owing to oil production cuts, the GCC growth forecast has been revised down to 2.7% from 3.9% three months ago, Read More

Economy Featured News Regional

India Sign Agreement with Four Members of European Free Trade Association

Global Business Magazine March 12, 2024

Four member states of the European Free Trade Association (EFTA) – Iceland, Norway, Liechtenstein, and Switzerland – have signed a Trade and Economic Partnership Read More

Finance Featured News Regional

DMCC Adds 2,692 New Companies in 2023

Global Business Magazine March 12, 2024

Dubai Multi Commodities Centre (DMCC) has added 2,692 companies in 2023 taking the total number of firms under the Centre top more than 24,000.Read More

Business Featured Mergers and Acquisitions News Regional Telecommunications

CPP Investments Acquires 17.5% Stake in NetCo for $2.9 Billion

Global Business Magazine March 12, 2024

The Toronto headquartered Canada Pension Plan Investment Board (CPP Investments) entered into an agreement to join the Optics BidCo investor group, which Read More

Finance Featured News

AustralianSuper to Invest Over $10 Billion in UK by 2030

Global Business Magazine March 11, 2024

AustralianSuper, Australia’s biggest pension fund, said that it will inject a fresh $10.28 billion investment in the UK, taking its total investment Read More

Technology Business Mergers and Acquisitions News Regional

Abu Dhabi’s G42 Sign MoU with Kenya’s EcoCloud to Open Mega Data Centre

Global Business Magazine March 11, 2024

The Abu Dhabi-based technology holding group and Kenya’s EcoCloud, a leading provider of sustainable data centre solutions, signed a memorandum of Read More