Category :News

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

Economy Energy Featured News Regional

Aramco Finds New Gas Reserves in Jafurah Field

Global Business Magazine February 29, 2024

Saudi Aramco, the Saudi Arabia’s state-owned oil major, has made a ground breaking discovery in its onshore unconventional Jafurah Field, adding 15 Read More

Finance Featured News World

European Council Adopts Regulation on Instant Payments in Eurozone

Global Business Magazine February 27, 2024

Making instant payments easier in the Eurozone, the European Council (EC) has adopted a regulation that will make such payments fully available Read More

Finance Featured News Regional

Mubadala and Goldman Sachs to Explore Private Credit Opportunities in Asia Pacific

Global Business Magazine February 27, 2024

In order to capitalise on the fast-growing opportunities in private credit opportunities, Goldman Sachs and Abu Dhabi fund Mubadala Investment Company have Read More