Category :News

Banking Economy Featured News Regional

Saudi Arabia’s PIF to Invest $5 Billion in Oman

Global Business Magazine July 31, 2023

The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has signed a Memorandum of Understanding (MoU) with the Oman Investment Read More

Finance Featured News Regional

Borouge’s Revenues Grow to $2.8 Billion in H1 of 2023

Global Business Magazine July 31, 2023

Borouge, a leading petrochemical company listed on Abu Dhabi Securities Exchange (ADX) and that provides innovative and differentiated polyolefin solutions, posted a Read More

Business Featured News Regional

Saudi Arabia’s Manara Minerals to Invest $3.4 Billion in Vale Base Metals

Global Business Magazine July 31, 2023

Vale, Brazil’s mining company, and Manara Minerals, a joint venture between Ma’aden and Saudi Arabia’s Public Investment Fund, signed Read More

Finance Business Featured News Regional

Saudi Central Bank and Hong Kong Monetary Authority to Enhance Cooperation

Global Business Magazine July 28, 2023

After the Central Bank of UAE (CBUAE), the Saudi Central Bank (SAMA) on Thursday held discussions with Hong Kong Monetary Authority (HKMA) Read More

Banking Featured Finance News Regional

Emirates NBD’s Profits Surge 130% to $3.35 billion in H1-2023

Global Business Magazine July 28, 2023

Emirates NBD, one of the leading banks in the UAE, on Thursday announced that its profits surged by 130% to a record $3.35 billion Read More

Economy Business Featured News Regional

UAE Issues 9,200 Licences for e-Commerce Businesses in H1 of 2023

Global Business Magazine July 28, 2023

Like in other countries across the world, the UAE’s e-commerce industry witnessed a splendid growth during COVID-19 pandemic and sustained the Read More

Real Estate Business Featured Merger and Acquisitions News Regional

Public Storage Acquires BREIT’s Simply Self Storage Platform for $2.2 Billion

Global Business Magazine July 27, 2023

Public Storage, a member of the S&P 500 and FT Global 500 headquartered in California, has entered into an agreement on Monday to Read More

Economy Featured Mergers and Acquisitions News Regional

Saudi PIF Backs Takeover of UK’s Selfridges for $5.13 Billion

Global Business Magazine July 27, 2023

Saudi Arabia SWF – Public Investment Fund (PIF) - has emerged as the private financial backer of the $5.13 billion takeover of Selfridges as Read More

Economy Featured News Regional

Revenues of UAE Stood at $31.47 billion in Q1 of 2023

Global Business Magazine July 26, 2023

The UAE government’s revenues in the first quarter of 2023 stood at $31.47 billion, while expenditures totalled $25.18 billion, the Ministry of Finance said Read More

Business Featured News Regional

Saudi Water Partnership Company Selects Developer for Rayis-Rabigh IWTP

Global Business Magazine July 26, 2023

Saudi Water Partnership Company (SWPC) said that a consortium of companies led by Alkhorayef Water and Power Technologies has been selected as Read More