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Saudi Arabia’s economy poised to grow at 7.6% in 2022, says IMF

Global Business Magazine September 1, 2022

The International Monetary Fund (IMF) said in its annual report that Saudi Arabia’s economy would register a growth rate of 7.6% during Read More

Banking Featured News Regional

UAE listed banks’ net profits reach $5.69 billion in H1-2022

Global Business Magazine September 1, 2022

Putting up an impressive show, the 11 national banks listed on the UAE capital markets have registered net profits of $5.69 billion in the Read More

Finance Featured News Regional

DFM posts 63% increase in its net profits in H1 of 2022

Global Business Magazine September 1, 2022

The Dubai Financial Market (DFM) on Friday announced its consolidated financial results for the first half of the year ended 30 June 2022, posting Read More

Economy Featured News Regional

Emiratis spent $21.8 billion on Travel and Tourism in 2021

Global Business Magazine August 29, 2022

Data published by the UN World Tourism Organization (UNWTO) showed that the residents of the UAE spent about $ 21.8 billion on travel and Read More

Real Estate Featured News Regional

Jabal Omar Development Company plans to issue new ordinary shares

Global Business Magazine August 29, 2022

Jabal Omar Development Company (JODC) in Saudi Arabia, secured approval from the shareholders for issuing new ordinary shares in the JODC to Read More

Finance Featured News Regional

BNPL market expected to reach around $90 billion by 2030

Global Business Magazine August 29, 2022

The value of “Buy Now, Pay Later” (BNPL) market is the Middle East region was $7.18 billion in 2021 and is expected to reach Read More

Technology Featured News Regional

UAE tops GCC 5G Rankings in download speed, says Opensignal

Global Business Magazine August 24, 2022

The 5G technology is rapidly becoming the most important wireless connectivity technology across the Gulf Cooperation Council (GCC). It is boosting the Read More

Business Featured Health News Regional

Burjeel Holding to invest $1 billion in Saudi Arabia

Global Business Magazine August 24, 2022

Burjeel Holdings, the UAE’s biggest private healthcare operator, will invest up to $1 billion as part of its expansion plans in Saudi Read More

Business Featured News Regional

Emaar signs $335.2 million deal its online fashion retailer Namshi to e-commerce firm Noon

Global Business Magazine August 24, 2022

As a follow-up to its last week’s announcement, Dubai’s biggest listed developer Emaar said it will be signing a $335.2 million Read More

Business Featured News Regional

Al Bateen executive airport re-opens after completion of major refurbishment

Global Business Magazine August 23, 2022

Al Bateen Executive Airport has reopened on Monday following the successful completion of a major refurbishment project which will allow the airport Read More