Category :Finance

Finance Featured News Oil & Gas Regional

Aramcos’ Net Income Down in Q1-2023

Global Business Magazine May 10, 2023

Saudi Arabia’s energy major Aramco, the world’s second biggest company after Apple Inc, on Tuesday reported a first quarter 2023 net Read More

Finance Featured News Regional World

Al Reem Island is Part of Abu Dhabi Global Market’s Jurisdiction

Global Business Magazine May 9, 2023

The jurisdiction of Abu Dhabi Global Market (ADGM) financial district has been extended to include Al Reem Island on Monday.Read More

Finance Featured News Regional

Saudi Arabia and Dubai Financial Market Lead Record Biggest Monthly Gains in 9 Months

Global Business Magazine May 8, 2023

The GCC markets closed April-2023 at the highest level since the last week of January-2023 mainly led by consistent gains during the Read More

Banking Featured Finance News Regional

EIIC Acquires Minor Stake in Abu Dhabi Islamic Bank

Global Business Magazine May 8, 2023

Emirates International Investment Company (EIIC), the strategic investment arm of National Holding, ON Friday announced that it has acquired a minor stake Read More

Finance News World

UK’s Mercia Asset Management Raise $99.95 million in New Funds

Global Business Magazine May 3, 2023

The UK-based Mercia Asset Management PLC, the proactive, regionally focused specialist asset manager with $1.75 billion of assets under management, on Tuesday announced Read More

Finance Featured News Regional

DFM Posts 30% Increase in Profits in Q1-2023

Global Business Magazine May 2, 2023

Dubai Financial Market (DFM) on Friday said that it has posted 30% increase in its profit to $9.69 million compared with $7.49 million during the Read More

Finance News World

Australia’s Origin Energy Reports Profits in Third Quarter

Global Business Magazine May 2, 2023

Riding on soaring global demand for gas, Australia’s Origin Energy on Friday reported a 7% increase in third-quarter profits from its stake Read More

Finance Insurance News World

New equity Fund Worth $4.9 Billion Formed in China

Global Business Magazine April 26, 2023

Nearly a dozen state-owned life insurers and one state-owned fund manager in China have established an equity investment fund worth $4.9 billion. However, Read More

Finance News World

Hong Kong’s E-Commerce Market to Reach $28.98 Billion in 2023

Global Business Magazine April 24, 2023

With the number of consumers shifting from offline to online purchases, Hong Kong’s e-commerce market, which grew by 13.7% to reach $26.1 billion Read More

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Dubai Islamic Bank Achieves 47% Growth in Total Income in Q1-2023

Global Business Magazine April 19, 2023

Dubai Islamic Bank (DIB), the UAE’s largest Shariah-compliant bank, on Thursday announced a 47% increase in total income to $1.2 billion for the Read More