Category :News

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

Economy Featured Mergers and Acquisitions News Regional

Egypt M&A Activity Decline by 53% in 2023, Says Baker McKenzie

Global Business Magazine February 22, 2024

Egypt’s merger and acquisitions (M&A) in the second half of 2023 witnessed a 32% increase in deal volume to 79 deals compared with 60 Read More

Business Featured News Regional

IFZA Partners with German Federal Association of Small and Medium-Sized Businesses

Global Business Magazine February 22, 2024

In a move aimed at strengthening bi-lateral business ties between the UAE and Germany, IFZA, Dubai’s most dynamic free zone community, Read More

Banking Featured Merger and Acquisitions News World

Decks Cleared for ANZ to Acquire Suncorp Bank in Australia

Global Business Magazine February 21, 2024

In a first of its kind ruling, the Australian Competition Tribunal on Tuesday overturned an Australian Competition Consumer Commission (ACCC) ruling in Read More

Finance Aviation Featured News Regional

Flynas to Offer 37.1% shares Through its IPO on Tadawul

Global Business Magazine February 21, 2024

Saudi Arabia’s low cost carrier Flynas is planning to offer 37.1% of its shares through an Initial Public Offering (IPO) on the Read More

Economy Featured News Regional

Air Arabia Posts Net Profit of $410 Million in 2023

Global Business Magazine February 15, 2024

Riding on the growing demand for air travel, Sharjah’s Air Arabia, the first and largest low-cost carrier (LCC) operator in the Read More

Finance News Regional

Chimera S&P India Shariah ETF Listed On ADX

Global Business Magazine February 2, 2024

Chimera S&P India Shariah Exchange Traded Fund (ETF), the first ETF tracking Indian equities to be launched in the region, has Read More

Real Estate Featured News World

Hong Kong Court Rules Liquidation of China’s Evergrande Group

Global Business Magazine January 30, 2024

In a big blow to the China’s real estate sector, a Hong Kong court on Monday ordered the troubled China Evergrande Read More

Business Energy Featured News Oil & Gas Regional

Alujain Sells Minority Stake in Its Subsidiary NATPET for $500 Million

Global Business Magazine January 24, 2024

Saudi Arabia’s Alujain Corp. has announced signing of an agreement to sell a minority stake of its subsidiary National Petrochemical Industrial Read More