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Category :Finance

GCC Markets’ slide continues amid global sell-off in June

Global Business Magazine July 8, 2022

The GCC markets’ aggregate index declined for the second consecutive month during June 2022 tracking weak global trends as inflation and recession fears Read More

Finance Featured News Regional

EMs see $4 billion outflows in June amid fears of global recession

Global Business Magazine July 8, 2022

The Institute of International Finance (IIF), the global association of the financial industry, with close to 450 members from 70 countries, on Thursday said Read More

Finance Featured News Regional

Saudi Arabia has highest gold reserves in the Arab world

Global Business Magazine July 7, 2022

The yellow metal has not lost its sheen in the Middle East as region’s countries are scurrying to improve their gold Read More

Finance Featured News Regional

DFSA imposes fine of $240,000 on three companies in Dubai

Global Business Magazine July 7, 2022

The Dubai Financial Services Authority (DFSA) on Wednesday published Decision Notices taking action against Stuart Coles (Mr Coles) and three related companies Read More

Finance Featured News Regional

TECOM Group’s shares rise marginally on its debut on DFM

Global Business Magazine July 6, 2022

The shares of Dubai business park operator TECOM Group rose marginally on the company's trading debut on the Dubai Financial Market (DFM) Read More

Finance Featured News Regional

UAE-based fintech firm raises $41 million in new funding round

Global Business Magazine July 4, 2022

The UAE-based financial technology start-up and digital banking app YAP on Monday said it has raised $41 million. The company will utilise the Read More

Finance Featured News Regional

Pure Harvest raise $180.5 million in latest round of funding

Global Business Magazine June 30, 2022

The UAE-based Pure Harvest Smart Farms (Pure Harvest), a world-leading, sustainable technology-enabled agribusiness, on Thursday announced raising $180.5 million in their latest growth Read More

Finance Featured News Regional

Jadwa Investment launches $270 million Al Dar investment fund-2

Global Business Magazine June 30, 2022

Jadwa Investment, a leading investment management and advisory firm in the Middle East, has announced the successful launch of its Al Dar Read More

Finance Featured News Regional

Trade credit insurance increase Y-o-Y among the businesses in UAE

Global Business Magazine June 30, 2022

There has been a year-on-year increase in the number of businesses adopting trade credit insurance in the UAE, a recent survey report Read More

Finance Featured News Regional

Islamic financial assets increased by 20% in Qatar

Global Business Magazine June 30, 2022

Islamic financial assets in Qatar increased by 20% TO $172 billion in 2021, with Islamic banks accounting for 87% of these assets, followed by Islamic Sukuk (11.6%) Read More