Category :News

Banking Featured News Regional

Assets of UAE Banks Reach $1.1 Trillion by End-2023

Global Business Magazine March 18, 2024

The total assets of the banks operating in the UAE increased by 3.1% q-o-q, reaching $1.1 trillion at the end of the fourth quarter Read More

Business Aviation Featured News Regional

Archer Aviation and Falcon Aviation to Build Vertiport to Connect Dubai and Abu Dhabi

Global Business Magazine March 14, 2024

Archer Aviation Inc., a leader in electric flying cars, said that it has selected the UAE-based aviation services operator Falcon Aviation, as Read More

Finance Featured News Regional

Infini Capital Becomes First Asian Hedge Fund Manager in the ADGM

Global Business Magazine March 14, 2024

Infini Capital Management Limited, a Hong Kong-based multi-strategy alternative investment firm, has been granted an In-Principle Approval (IPA) from the Financial Services Read More

Technology Featured News Regional

Abu Dhabi Forms Tech Investment Company to Harness Leading Edge Technologies

Global Business Magazine March 14, 2024

The Artificial Intelligence and Advanced Technology Council (AIATC) - established on January 22, 2024 by the UAE President, H H Sheikh Mohamed bin Zayed Read More

Business Featured News Regional

Dubai’s Diamond Trade Sparkles to Reach $38.3 Billion in 2023

Global Business Magazine March 14, 2024

Dubai Multi commodities Centre (DMCC) on Wednesday said that the Emirate’s diamond trade registered a 2% year-on-year growth in the value of Read More

Finance Featured News Regional

UAE Ranked Second Globally in Attracting Greenfield FDI Projects in 2023

Global Business Magazine March 14, 2024

The UAE ranked second globally in the number of greenfield FDI projects in 2023, with 1280 projects, trailing only behind the US, which led Read More

Business Featured News Regional

Indian Businesses Setting Operations in Jafza Increase by 15% in 2023

Global Business Magazine March 13, 2024

Jebel Ali Free Zone (Jafza) is emerging as the powerhouse driving the unprecedented growth of the UAE-India trade, with a 28% year-on-year surge Read More

Finance Featured News Regional

Money Transfer from UAE to Egypt Surges, says Al Ansari Exchange

Global Business Magazine March 13, 2024

Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE, and a subsidiary of Al Ansari Financial Services Group, Read More

Finance Featured News Regional

Retail Investors Flock to subscribe to Modern Mills Company IPO

Global Business Magazine March 13, 2024

The Initial Public Offering of Saudi-based Modern Mills Company (MMC) saw strong demand from retail investors with a 22x oversubscription rate, the Read More

Banking Featured Mergers and Acquisitions News Regional

Al Salam Bank Bahrain Increases its Shareholding in Al Salam Bank Algeria to 66.7%

Global Business Magazine March 13, 2024

AL Salam Bank (ASB) Bahrain on Tuesday announced that it has increased its shareholding in Al Salam Bank Algeria (ASBA) from 53.1% to 66.7% Read More