Category :Finance

Finance Featured News Regional

Saudi Arabia to list the $500 billion NEOM Project in 2024

Global Business Magazine July 26, 2022

The Saudi Arabia’s capital market Tadawul (TASI) will be richer by another $266 billion once the Kingdom’s $500 billion NEOM project will Read More

Finance News Regional World

Besix-led consortium achieves financial closure of Zayed Schools PPP

Global Business Magazine July 26, 2022

A consortium led by global infrastructure major Besix with Plenary, a leading independent long-term investor, developer, and manager of public infrastructure, as Read More

Finance Featured News Regional

Capital intelligence affirms UAE’s outlook for ratings as stable

Global Business Magazine July 25, 2022

Capital Intelligence Ratings (CI Ratings) has announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Read More

Finance Featured News Regional

OKX receives provisional licence to operate in Dubai

Global Business Magazine July 22, 2022

OKX, formerly known as OKEx, has secured a provisional virtual assets licence to operate in Dubai. The Seychelles-based cryptocurrency exchange has obtained Read More

Finance Featured News Regional

UAE largest Insurance market in the Arab World, says Swiss Re survey

Global Business Magazine July 22, 2022

The UAE is ranked first in the Arab region as the largest insurance market in terms of total insurance premiums, which was Read More

Finance Featured News Regional

World Bank okays $500 million loan to Egypt to fight food crisis

Global Business Magazine July 20, 2022

The World Bank has approved a $500 million loan to bolster Egypt’s efforts to ensure that poor and vulnerable households have uninterrupted Read More

Finance Featured News Regional

Dispute resolution cases increase by 10% in DIFC in H1 of 2022

Global Business Magazine July 20, 2022

The Dubai International Financial Centre (DIFC) Courts on Tuesday released figures for the first six months of 2022, reaffirming increased efficiency of process Read More

Finance Featured News Regional

Dubai ranked first among MENA cities to work for financial professionals

Global Business Magazine July 18, 2022

Dubai is one of the fastest-growing cities in the world and is gaining recognition as a financial hub as it attempts to Read More

Finance Featured News Regional

Steep decline in GCC issuances in 2022

Global Business Magazine July 14, 2022

Total fixed income issuances in the GCC stood at $37.2 billion during the first five months of 2022 as compared with $61.9 billion during the Read More

Finance Featured News Regional

DGCX trades contracts worth $11.6 billion in June

Global Business Magazine July 14, 2022

The Dubai Gold and Commodities Exchange registered a monthly Average Open Interest (AOI) of 120,960 contracts and notional value traded of $11.6 billion in Read More