Category :Business

Business Companies Hospitality Regional

Dubai Hotel Rooms’ Revenue Reach $4.93 Billion in 2024

Global Business Magazine February 18, 2025

Hotel room revenues in Dubai increased by 4.68% last year to reach $4.93 billion, compared with $4.71 billion in 2023, according to data from the Department Read More

Banks Business Companies Finance World

AIIB Provides $5 Billion to Turkiye for Three Years

Global Business Magazine February 18, 2025

Turkiye’s Finance Ministry has signed a memorandum of understanding (MOU) with the Asian Infrastructure Investment Bank (AIIB) to provide $5 billion in Read More

Business Companies Debt Funding World

Oaktree Offers $413.8 Million Debt Financing to Star Entertainment

Global Business Magazine February 17, 2025

The Star Entertainment Group Limited, which is listed on Australian Securities Exchange (ASX), on Monday said that it has received a debt Read More

Business Companies Mergers and Acquisitions Regional

GFH’s Britus Education Deal to Conclude This Year

Global Business Magazine February 17, 2025

The sale of GCC-based K-12 Britus Education, the education platform of GFH Financial House for which agreement was signed in November last Read More

Business Companies Decarbonisation Regional

EMSTEEL Unveils Decarbonisation Plans to Reduce GHGs

Global Business Magazine February 17, 2025

Abu Dhabi-based EMSTEEL, one of the GCC region’s largest publicly traded steel and building materials manufacturers, on Monday unveiled its ambitious Read More

Business Companies electricity Energy World

China Okayed More Coal-fired Power Plants in 2024

Global Business Magazine February 17, 2025

China has approved 66.7 GWs of new coal-fired power capacity in 2024, with approvals picking up in the second half after a slower start Read More

Business Companies Regional World

Hyundai Bags $389 Million Order from Saudi Power Company

Global Business Magazine February 17, 2025

Hyundai Engineering & Construction announced on Monday that it secured consecutive bids for the 380-kilovolt transmission line construction project, commissioned by the Saudi Read More

Business Companies Funding World

UK Announces $3.14 Billion Plan to Support Steel Industry

Global Business Magazine February 17, 2025

Responding to the US President Donald Trump’s announcement that 25% tariffs on steel and aluminium imports will take effect on March 12, the Read More

Business Companies ETFs Investments Regional World

Mubadala Investment Buys BlackRock’s iShare Bitcoin ETF

Global Business Magazine February 15, 2025

Mubadala Investment Company, Abu Dhabi’s state-owned premier Sovereign Wealth Fund (SWF) which holds more than $302 billion, said that it has invested $Read More

Business Companies Earnings Regional

ADNH Group’s Total Revenues Surged 77% in 2024

Global Business Magazine February 15, 2025

Driven by strategic acquisitions, strong operational performance and new business initiatives, Abu Dhabi National Hotels (ADNH) Group’s total revenue surged 77% y-o-y Read More