Category :Featured

Finance Featured News Regional

Abu Dhabi’s IHC Posts $3.87 Billion Revenue in Q3-2023

Global Business Magazine November 9, 2023

International Holding Company (IHC), the global diversified Abu Dhabi-based conglomerate, has recorded a revenue of $3.87 billion for Q3 of 2023, representing a 9.5% increase Read More

Finance Featured News Regional

Dubai Investments Acquires Additional Stake in UK’s Monument Bank

Global Business Magazine November 9, 2023

Dubai Investments, the leading investment company listed on the Dubai Financial Market (DFM), on Wednesday announced that it has acquired additional 7.68% equity Read More

Business Energy Featured News Regional

Work on Egypt’s Planned $1.1 GW Wind Farm to Begin Early Next Year

Global Business Magazine November 9, 2023

Saudi Arabia’s ACWA Power and Hassan Allam Holding, one of the reputed companies in Egypt and the Middle East and North Read More

Real Estate Featured News Regional

Saudi Arabia Leads Middle East and Africa in Construction Activity

Global Business Magazine November 8, 2023

Saudi Arabia’s Construction Activity Index (CAI) continues to show its strongest readings in the region, according to the latest Global Construction Read More

Business Featured Insurance News World

Hollard International Acquires 20% Stake in Kenya’s Apollo Investments Group

Global Business Magazine November 8, 2023

South Africa’s Hollard International announced that it has signed an agreement to buy a 20% stake in Kenya’s insurance group Apollo Read More

Banking Business Featured News World

Deutsche Bank Supports Taiwan’s Hai Long Wind Farm

Global Business Magazine November 8, 2023

Taiwan’s efforts to realise its zero carbon emissions by 2050 received a boost with the Deutsche Bank’s announcement that it has Read More

Finance Featured Insurance News World

Insurance Companies Have Little Over $1.03 Trillion in AuM

Global Business Magazine November 8, 2023

Members of the International Cooperative and Mutual Insurance Federation (ICMIF), which include takaful companies, have $1 trillion in assets under management (AuM) in Read More

Finance Featured News Regional

VARA Grants Licence to Backpack to Launch Backpack Exchange

Global Business Magazine November 2, 2023

Dubai’s Virtual Assets Regulatory Authority (VARA), which supervises and regulates all virtual asset activities across the Emirate, has issued licence to Read More

Economy Featured News Regional

Saudi Citizens on Savings Spree, Highest in Nearly a Decade

Global Business Magazine November 2, 2023

Saudi Arabian Monetary Authority (SAMA), the Kingdom’s Central Bank said that the Saudi citizens exhibited a remarkable surge in their savings Read More

Finance Featured News Regional

DFM Net Profit Soars 109% to $51 Million in First Nine Months of 2023

Global Business Magazine November 2, 2023

Dubai Financial Market’s (DFM) nine-month net profit soared by 109% to $50.69 million, compared with $243.23 million in the corresponding period in 2022. Read More