Category :News

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

Real Estate Business Featured News Regional

Union Properties Sells Lands Worth Over $136 Million

Global Business Magazine February 27, 2024

Union Properties, one of Dubai’s oldest property developers, on Monday said that it has successfully sold over $136 million worth of lands, Read More

Business Featured News Regional

XPENG Motors Enters GCC, Partners with UAE Dealership Group

Global Business Magazine February 27, 2024

XPENG Motors, a leading Chinese smart electric vehicle company, has entered into the GCC region by announcing its latest long-term strategic partnership Read More

Technology Featured News World

African Start-ups Raise $3.5 Billion in Funding in 2023

Global Business Magazine February 26, 2024

Partech Africa, the VC fund dedicated to technology start-ups in Africa, said that African technology start-ups have secured $3.5 billion in total funding (Read More

Banking Featured News Regional

Saudi and the UAE Banks to Continue Their Growth in 2024

Global Business Magazine February 26, 2024

Supported by robust credit demand in non-oil sectors and economic diversification pogrammes, the Saudi banking system is poised well for continued growth Read More

Business Aviation Featured News Regional

Riyadh Air to Launch Commercial Operations in H1-2025

Global Business Magazine February 23, 2024

Riyadh Air, Saudi Arabia’s new airline, is expected to launch its commercial operations by end of the first half of 2025, the Read More