Category :Featured

Finance Business Featured News Regional

Saudi Central Bank and Hong Kong Monetary Authority to Enhance Cooperation

Global Business Magazine July 28, 2023

After the Central Bank of UAE (CBUAE), the Saudi Central Bank (SAMA) on Thursday held discussions with Hong Kong Monetary Authority (HKMA) Read More

Banking Featured Finance News Regional

Emirates NBD’s Profits Surge 130% to $3.35 billion in H1-2023

Global Business Magazine July 28, 2023

Emirates NBD, one of the leading banks in the UAE, on Thursday announced that its profits surged by 130% to a record $3.35 billion Read More

Economy Business Featured News Regional

UAE Issues 9,200 Licences for e-Commerce Businesses in H1 of 2023

Global Business Magazine July 28, 2023

Like in other countries across the world, the UAE’s e-commerce industry witnessed a splendid growth during COVID-19 pandemic and sustained the Read More

Real Estate Business Featured Merger and Acquisitions News Regional

Public Storage Acquires BREIT’s Simply Self Storage Platform for $2.2 Billion

Global Business Magazine July 27, 2023

Public Storage, a member of the S&P 500 and FT Global 500 headquartered in California, has entered into an agreement on Monday to Read More

Economy Featured Mergers and Acquisitions News Regional

Saudi PIF Backs Takeover of UK’s Selfridges for $5.13 Billion

Global Business Magazine July 27, 2023

Saudi Arabia SWF – Public Investment Fund (PIF) - has emerged as the private financial backer of the $5.13 billion takeover of Selfridges as Read More

Economy Featured News Regional

Revenues of UAE Stood at $31.47 billion in Q1 of 2023

Global Business Magazine July 26, 2023

The UAE government’s revenues in the first quarter of 2023 stood at $31.47 billion, while expenditures totalled $25.18 billion, the Ministry of Finance said Read More

Business Featured News Regional

Saudi Water Partnership Company Selects Developer for Rayis-Rabigh IWTP

Global Business Magazine July 26, 2023

Saudi Water Partnership Company (SWPC) said that a consortium of companies led by Alkhorayef Water and Power Technologies has been selected as Read More

Technology Business Economy Featured Mergers and Acquisitions News Regional

Network International partners with SerVme to boost UAE F & B sector’s digital payments platforms

Global Business Magazine July 25, 2023

Dubai-based Network International, the leading enabler of digital commerce in the Middle East and Africa (MEA), has announced that it has partnered Read More

Business Featured Mergers and Acquisitions News Regional

IHC, Grupo Gilinski and Others Acquire Majority Stake in Colombia’s Grupo Nutresa

Global Business Magazine July 25, 2023

IHC Capital Holding, a subsidiary of Abu Dhabi’s Sovereign Wealth Fund International Holding Company, and Grupo Gilinski, together with JGDB Holding Read More

Business Featured News Regional

Abu Dhabi Maritime Plans More Marine Fuel Stations in the Emirate

Global Business Magazine July 25, 2023

Abu Dhabi Maritime, part of AD Ports Group, in cooperation with ADNOC Distribution, part of ADNOC Group, and Abu Dhabi’s Department Read More