Category :News

Economy Featured News Regional

Assets of GCC SWFs Reach $4.1 Trillion by end of 2023

Global Business Magazine January 5, 2024

The assets under managements (AuM) of the five sovereign wealth funds (SWFs) in the GCC countries - ADIA, Mubadala, ADQ in the Read More

Business Featured News Regional

IHC Forms New Company 2PointZero with $27.2 Billion in Assets

Global Business Magazine January 5, 2024

The Abu Dhabi-based International Holding Company (IHC) has approved the initiation of the transfer of 2PointZero, a next generation Holding Company comprising Read More

Hospitality Business Featured News Regional

ADFD to Invest $172 Million in Three Hotels in Egypt

Global Business Magazine January 5, 2024

In a boost to the Egypt’s hospitality sector, the Abu Dhabi government-owned Abu Dhabi Fund for Development Fund (ADFD), through one Read More

Business Featured Mergers and Acquisitions News World

APA Corp to Acquire Callon Petroleum for $4.5 Billion

Global Business Magazine January 5, 2024

The US-based oil firm APA Corporation has announced its plans to acquire Callon Petroleum Company in all–stock transaction valued around $4.5 billion Read More

Business Featured Finance News Regional

PIF Acquires Over 23% Stake in the Middle East Paper Company

Global Business Magazine January 5, 2024

Continuing its investment spree, Saudi Arabia’s sovereign wealth fund - Public Investment Fund (PIF) – on Thursday announced the completion of a Read More

Energy Featured News World

Ardian Optimises its Portfolio of Solar Plants in Peru and Chile

Global Business Magazine January 4, 2024

French asset manager Ardian, a world-leading private investment house, on Wednesday announced that it has dissolved its joint venture with Solarpack, a Read More

Real Estate Featured News Regional

Dubai’s Largest Penthouse Priced at over $163 Million

Global Business Magazine January 4, 2024

Emerald Palace Group (EPG), which owns the luxurious Raffles The Palm Dubai, on Wednesday has announced that the Super Penthouse R1, the Read More

Finance Featured News Regional

Two UAE Investors Buy 38% Stake in Bulgartabac Holding

Global Business Magazine January 4, 2024

Bulgarian diversified group Bulgartabac Holding on Wednesday announced that the UAE-registered Tala Ltd, has acquired the entire 14.75% stake in the business held Read More

Banking Featured Finance News World

HBCE Completes Sale of Its French Retail Banking Business to My Money Group

Global Business Magazine January 3, 2024

HSBC Continental Europe (HBCE) has completed the sale of its retail banking business in France to CCF, a subsidiary of My Money Read More

Real Estate Featured News Regional

London’s Mayfair Real Estate Market Draws Buyers from Saudi Arabia and UAE

Global Business Magazine January 3, 2024

The prime real estate market in Mayfair, the prestigious London neighbourhood, witnessed a remarkable surge in high-end home sales, especially in luxury Read More