Category :Finance

Economy Banking Finance News Recession World

US Banking Crisis Likely to Push It’s Economy into Recession in 2023

Global Business Magazine April 13, 2023

The US Federal Reserve on Wednesday said that fallout from the US banking crisis was likely to cause the economy to tilt Read More

Featured Banking COVID-19 Economy Finance Investments Merger and Acquisitions News Regional

Ahli Bank Rejects Merger Offer from Bank Dhofar in Oman

Global Business Magazine April 13, 2023

Two days after receiving a proposal from Sultanate’s second biggest lender Bank Dhofar, Oman’s Ahli Bank has rejected the non-binding Read More

Featured Business Economy Finance News Regional

GCC Consulting Market Revenues to Cross $4 Billion in 2023

Global Business Magazine April 13, 2023

Major projects undertaken by the GCC nations is expected to boost the region’s consulting market which is expected to exceed $4 billion Read More

Energy Environment Finance Regional

TAQA Establishes New Green Finance Framework

Global Business Magazine April 12, 2023

Abu Dhabi National Energy Company (TAQA), one of the largest listed integrated utility companies in the region, on Wednesday announced that it Read More

IMF Economy Featured Finance News World

IMF Says Global Economic Recovery Endures but Its Not an Easy Ride 

Global Business Magazine April 12, 2023

The International Monetary Fund (IMF) on Tuesday said that the global economy’s gradual recovery from both the pandemic and Russia’s Read More

Crypto Business

Bitcoin Cross $30,000 Barrier for First Time Since June 2022

Global Business Magazine April 11, 2023

INTRO: Bitcoin (BTC) moved past the $30,000 level for the first time since 10 June 2022 as last month’s turmoil in banking sector subsided Read More

Finance Featured News Regional

Presight AI listed on Abu Dhabi securities exchange

Global Business Magazine March 27, 2023

Presight AI Holding PLC, the region’s leader in big data analytics powered by artificial intelligence (AI), on Monday listed and commenced Read More

Finance Featured News Regional

ADNOC plans IPO, to raise $2 billion

Global Business Magazine February 20, 2023

ADNOC, the UAE’s national energy company, is planning to sell about 4% of its natural-gas business in an initial public offering IPO) Read More

Finance Featured News Regional

Deribit plans to relocate to Dubai this year

Global Business Magazine January 30, 2023

Cryptocurrency options and futures exchange Deribit, the world’s largest crypto options exchange by volume and open interest, has announced plans to Read More

Finance Featured News Regional

Sukuk issuance volumes to decline in 2023, says S&P

Global Business Magazine January 23, 2023

S&P Global Ratings expects sukuk issuance volumes will continue to decline in 2023, albeit at a slower pace than 2022.Read More