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Category :Finance

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

Finance Featured News Technology

UAE Central Bank Keen to Launch its Digital Currency by Q3 of 2024

Global Business Magazine July 6, 2023

The UAE’s move to become a cashless society by 2030 received a boost with UAE Central Bank (CBUAE) planning to launch its Read More

Finance Featured News Regional Technology

Five UAE Fintech Firms Figure in Forbes Middle East’s Top 30 List for 2023

Global Business Magazine July 5, 2023

As many as five fintech companies based in the UAE have found a place in the list of Forbes Middle East Top 30 Read More

Finance Environment Featured News Regional

Climate Finance is Grossly Inadequate in Developing Countries, says UAE Minister

Global Business Magazine July 3, 2023

Sultan Al Jaber, the UAE’s Minister of Industry and Advanced Technology and COP28 President-Designate expressed concern over the availability of climate Read More

Finance Economy Featured News Regional

World Bank’s IFC to Help Egypt in Asset Monetisation Programme

Global Business Magazine June 28, 2023

The Egyptian government has appointed World’s Bank’s International Finance Corporation (IFC) as strategic advisor for its assets monetisation programme to Read More

Economy Featured Finance News Regional

Dubai Emerging as ‘Global Destination’ for Entrepreneurs in MENA, Says Report

Global Business Magazine June 28, 2023

Dubai is home to over 40% of the Middle East and North Africa (MENA) region’s scale-ups, with 306 among them calling the Emirate Read More

Banking Featured Finance News Regional

GCC Banks’ Profits Soar in Q1 of 2023

Global Business Magazine June 15, 2023

Aggregate net profit for listed banks in the GCC reached a new record high during Q1 this year, mainly led by a Read More

Finance Business Featured News Regional

DIFC Continues to Attract Asset and Wealth Management Firms Into Its Fold

Global Business Magazine June 15, 2023

The race between the UAE and Saudi Arabia – the two biggest economic power houses in the Arab world – to attract major wealth Read More

Finance Featured News Regional

ADX Sees Stupendous Growth of Values and Volumes of ETFs Till May This Year

Global Business Magazine June 14, 2023

The Abu Dhabi Securities Exchange (ADX), one of the fastest growing bourses in the world, has recorded an increase in the values Read More

Banking Featured Finance News Regional

Transactions in UAE Banking System Soar to $3.74 Trillion in One Year

Global Business Magazine June 12, 2023

The total transactions in the UAE money transfer system affiliated with the Central Bank exceeded a whopping $3.74 trillion in one year – between Read More