Category :News

Economy Featured News Regional

Saudi and UAE Lead MENA in Awarding Contracts in 2023

Global Business Magazine January 11, 2024

Contractors in the Middle East and North Africa (MENA) region have secured more than $254 billion of contract awards in 2023 in a record-breaking Read More

Business Featured Mergers and Acquisitions News World

UK’s Inchcape Shipping Services Acquires Stake in Norway’s Leth Suez Transit

Global Business Magazine January 11, 2024

UK-based port agency and marine services provider Inchcape Shipping Services has acquired an undisclosed significant stake in Norwegian transit agent Leth Suez Read More

Economy Business Featured News World

Hong Kong airport Raise Over $500 million in First Local-Currency Bond Offering

Global Business Magazine January 9, 2024

The Airport Authority Hong Kong (AAHK) has announced that it has successfully priced a $512 million senior notes offering (the Notes) in Regulation Read More

Business Featured News Regional

Asltom Bags World’s Biggest Battery-Powered Tramway Contract in Saudi Arabia

Global Business Magazine January 9, 2024

French firm Alstom, a global leader in smart and sustainable mobility, has signed a contract worth over $546.55 million with The Royal Commission Read More

Finance Featured News World

Australia’s New Investors Looking to Invest in ETFs, Study Shows

Global Business Magazine January 9, 2024

More Australians are investing in assets other than their primary residence and there has been a wave of new investors emerging and Read More

Business Featured Mergers and Acquisitions News World

UK’s Infracapital Acquires Dutch Inland Port and Rail Terminal Operator CTH

Global Business Magazine January 5, 2024

Infracapital, the infrastructure equity investment arm of M&G Plc in the UK, has acquired 66.67% of CTH, the Dutch inland port and Read More

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