Category :Business

Business Featured News Regional

Indian Businesses Setting Operations in Jafza Increase by 15% in 2023

Global Business Magazine March 13, 2024

Jebel Ali Free Zone (Jafza) is emerging as the powerhouse driving the unprecedented growth of the UAE-India trade, with a 28% year-on-year surge Read More

Business

Aramco Ventures Invests in CarbonCapture

Global Business Magazine March 13, 2024

CarbonCapture Inc, a leading US-based direct air capture (DAC) company, today announced the successful completion of its $80 million Series A financing following 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

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

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

Business Featured News Regional

Saudi EV Maker Ceer Awards $1.3 Billion Contract for Construction of Manufacturing Complex

Global Business Magazine March 11, 2024

Ceer, Saudi Arabia’s first electric vehicle (EV) brand and original equipment manufacturer (OEM), has awarded a $1.3 billion contract for the construction Read More

Business Featured News Regional

ADNH Acquires Entire 50% Stake in Compass Group’s JV Entities in UAE

Global Business Magazine March 11, 2024

Abu Dhabi National Hotels Company (ADNH) on Friday said that it has reached an agreement with Argentina-based Compass Group International (Compass) to Read More

Economy Aviation Featured News Regional

MBRAH and Tim Aerospace Start Works on New Hangar at Dubai South

Global Business Magazine March 8, 2024

A day after the conclusion of the region’s biggest MRO summit, Mohammed bin Rashid Aerospace Hub (MBRAH), Dubai's aerospace platform dedicated Read More

Business Featured Luxury News Regional

IHG Group to Open Two New Luxury Hotels in Riyadh

Global Business Magazine March 8, 2024

IHG Hotels & Resorts, one of the world’s leading hotel companies, has signed an agreement with the King Abdullah Financial District Management Read More

Business Featured News Regional

Saudi and Bahrain SWFs Sign MoU to Enable New Investment Opportunities

Global Business Magazine March 7, 2024

Two Sovereign Wealth Funds (SWFs) in the GCC region - Saudi Arabia’s Public Investment Fund (PIF) and Bahrain’s Mumtalakat Holding Read More