Category :Finance

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

Finance Featured News Regional

Middle East’s SWFs rise and shine than ever, says report

Global Business Magazine January 3, 2023

In the global context of geopolitical, economic, and financial uncertainty, Middle Eastern Sovereign Wealth Funds (SWFs) are shining more than ever, according Read More

Finance Featured News Regional

Saudi wealth fund to invest in mountainous Aseer region

Global Business Magazine December 5, 2022

The Public Investment Fund (PIF), Saudi Arabia’s Sovereign Wealth Fund, has announced the establishment of Aseer Investment Company (AIC) to operate Read More

Finance Featured News Regional

EMPOWER raises over $724 million through its IPO

Global Business Magazine November 10, 2022

Emirates Central Cooling Systems Corporation (EMPOWER) has announced that it has successfully completed the book-build and public subscription process for its initial Read More

Finance Featured News Regional

UAE signs agreement with nine Insurance companies for unemployment insurance scheme

Global Business Magazine November 3, 2022

The UAE Ministry of Human Resources and Emiratisation (MoHRE) on Wednesday signed an agreement with nine local insurance companies, to launch the Read More

Finance Featured News Regional

Aramco’s income increase 39% YoY to $42.4 billion in Q3 of 2022

Global Business Magazine November 2, 2022

Saudi oil giant Saudi Aramco on Tuesday announced the third quarter financial results ending in September 2022 wherein the company’s income rose 39% Read More