Category :News

Finance Featured News Regional

Investcorp Leads in Funding Saudi Arabia’s Tech Start-Up Salla

Global Business Magazine March 6, 2024

Investcorp, a leading global alternative investment firm, said that it has led a $130 million pre-IPO investment round in the Makkah-based Salla, a Read More

Business Energy Featured News Regional

Substantial Progress Made in Trans-Saharan Gas Pipeline

Global Business Magazine March 5, 2024

Algeria’s Minister of Energy and Mines Mohamed Arkab has affirmed that the $13 billion Trans-Saharan Gas Pipeline (TSGP) project had made substantial Read More

Business Aviation Featured News Regional

THC Strikes Deal with Airbus for 120 Helicopters

Global Business Magazine March 5, 2024

Anaheim (The Helicopter Company - THC), Saudi Arabia's premier provider of commercial helicopter services and fully owned by the Public Investment Fund (Read More

Banking Featured News Regional

ADIB Shareholders Approve Dividend of $0.17 Per Share for 2023

Global Business Magazine March 4, 2024

The annual general meeting of Abu Dhabi Islamic Bank (ADIB), a leading financial institution in the UAE, on Friday approved a cash Read More

Technology Aviation Featured Logistics News Regional

dnata Deploys Autonomous Drones Into Its Cargo Services

Global Business Magazine March 4, 2024

In a significant initiative to enhance its operational abilities, Emirates Group’s dnata, a leading global air and travel services provider, on Read More

Economy Featured News Regional

Saudi Government Issues 450 Licences to Global Firms So Far

Global Business Magazine March 4, 2024

Saudi Arabia has granted licenses to 450 international companies to open regional headquarters in the Kingdom, an increase from 44 licenses in the first Read More

Banking Featured News Regional

Bahrain Mumtalakat to Invest in Singapore Gulf Bank

Global Business Magazine March 4, 2024

Bahrain Mumtalakat Holding Company (Mumtalakat), the sovereign wealth fund of Bahrain, has announced that it will invest in Singapore Gulf Bank (SGB), Read More

Finance Featured News Regional

Dubai Taxi Company Reports Revenue of $530 Million in 2023

Global Business Magazine March 1, 2024

Backed by influx of international travellers visiting Dubai, Dubai Taxi Company (DTC), a leading provider of comprehensive mobility solutions in the Emirate, Read More

Business Featured News Real Estate Regional

ADIA’s Haumi selling Its Stake in Precinct Properties New Zealand

Global Business Magazine March 1, 2024

Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund of Abu Dhabi, is selling its holding in NZX-listed landlord Precinct Properties New Read More

Banking Featured News Regional

UAE’s Top 10 Listed Banks’ Aggregate Net Income Grew by 54.1% in 2023

Global Business Magazine February 29, 2024

Riding on higher interest rates, the aggregate net income of the UAE’s 10 largest listed banks grew by 54.1% y-o-y to $20.94 billion 2023, Dubai-based Read More