Category :Finance

Finance Featured News Regional

GCC’s financial wealth to reach $3.5 trillion by 2026, says BCG Report

Global Business Magazine August 23, 2022

The Gulf Cooperation Council (GCC) financial wealth will experience a sturdy Compound Annual Growth Rate (CAGR) of 5.2% in new wealth, rising from $2.7 Read More

Finance Featured News Regional

Egypt’s Central Bank keep interest rates unchanged

Global Business Magazine August 22, 2022

The Monetary Policy Committee (MPC) of Egypt has decided to keep the Central Bank of Egypt’s (CBE) interest rates unchanged for Read More

Finance Featured News Regional

Abu Dhabi fund for development supporting developmental activities around the World

Global Business Magazine August 22, 2022

Ever since its inception five decades ago, the state-owned Abu Dhabi Fund for Development (ADFD) has allocated funds to the tune of $32 Read More

Finance Featured News Regional

Saudi’s Energia raise $20 million from Abu Dhabi-based Ruya Partners

Global Business Magazine August 16, 2022

Saudi Arabia’s short term power solutions (TPS) provider Energia has raised a $20 million investment from the Abu Dhabi-based Ruya Partners, an Read More

Finance Featured News Regional

Saudi Aramco post 90% Y-o-Y increase in net income to $48.4 billion in H1 of 2022.

Global Business Magazine August 15, 2022

The Saudi Arabian Oil Company (Aramco) has posted a 90% year-on-year (Y-o-Y) increase in net income and declared a dividend of $18.8 billion to Read More

Finance Featured News Regional

UAE’s Federal Tax Authority conduct 9,948 inspections in H1-2022

Global Business Magazine August 8, 2022

The UAE’s Federal Tax Authority (FTA) has expanded its efforts in collaboration with various government departments, ministries and authorities to protect Read More

Finance Featured News Regional

Saudi’s VC funding in start-ups grow by 244% in H1 of 2022

Global Business Magazine August 3, 2022

Venture Capital (VC) funding in the Saudi Arabia’s start-ups grew by 244% to a record high $584 million in the first six months Read More

Finance Featured News Regional

Lord, Abbett Middle East Ltd opens office in DIFC

Global Business Magazine August 2, 2022

The US-based investment management firm, Lord Abbet Middle East Limited has received the approval of the Dubai Financial Services Authority (DFSA) to Read More

Finance Featured News Regional

Middle East’s SWFs consider various options re-allocate their assets

Global Business Magazine August 2, 2022

The Sovereign Wealth Funds (SWFs) in the Middle East region are looking at various options in their asset allocation due to spiralling Read More

Finance Featured News Regional

UAE markets add over $146.20 billion between January and July 2022

Global Business Magazine August 1, 2022

Supported by strong gains for listed shares, increasing demand from international investors, in addition to new listings, the UAE stock markets added Read More