Category :News

Featured Banking COVID-19 Economy Finance Investments Merger and Acquisitions News Regional

Ahli Bank Rejects Merger Offer from Bank Dhofar in Oman

Global Business Magazine April 13, 2023

Two days after receiving a proposal from Sultanate’s second biggest lender Bank Dhofar, Oman’s Ahli Bank has rejected the non-binding Read More

Featured Business Investments News Technology World

Next Gate Tech to Invest $8.81 Million in a New Funding Round led by DB1 Ventures

Global Business Magazine April 13, 2023

Next Gate Tech, a leading provider of innovative technologies for the financial services industry, on Thursday announced a $8.81 million investment in a Read More

Featured Business Economy Finance News Regional

GCC Consulting Market Revenues to Cross $4 Billion in 2023

Global Business Magazine April 13, 2023

Major projects undertaken by the GCC nations is expected to boost the region’s consulting market which is expected to exceed $4 billion Read More

Energy Environment News World

Masdar Acquires 50% Stake in EDF Renewables North America

Global Business Magazine April 12, 2023

Masdar, one of the world’s fastest-growing clean energy companies, has announced on Wednesday that the company has further expanded its presence Read More

IMF Economy Featured Finance News World

IMF Says Global Economic Recovery Endures but Its Not an Easy Ride 

Global Business Magazine April 12, 2023

The International Monetary Fund (IMF) on Tuesday said that the global economy’s gradual recovery from both the pandemic and Russia’s Read More

Featured Business Civil Aviation Economy News Regional

UAE’s National Carriers Operated 98,926 Flights in Q1-2023

Global Business Magazine April 11, 2023

The five national airlines of the UAE – Emirates Airlines, Etihad Airways, Fly Dubai, Air Arabia and Al Arabiya Abu Dhabi – have combinedly Read More

Economy Featured News

Australia’s lower house adopts emissions reduction bill

Global Business Magazine March 28, 2023

Australia’s Lower House of Parliament on Monday passed an emissions reduction plan with curbs on some new gas and coal investments Read More

Business Featured News Regional

ADNOC signs MoU with North Rhine-Westphalia to create low-carbon ammonia value chain

Global Business Magazine March 28, 2023

ADNOC on Monday that it will explore opportunities to support the climate-neutral transformation of industry through the creation of a low-carbon ammonia Read More

Business Featured News Regional

Microsoft inks deal on carbon removal credit with CarbonCapture

Global Business Magazine March 28, 2023

Technology giant Microsoft signed a deal with California-based CarbonCapture to purchase direct air capture (DAC) carbon removal credits last week.Read More

Economy Featured News Regional

Saudi Arabia allocates $80 billion for drinking water projects in the Kingdom

Global Business Magazine March 28, 2023

Saudi Arabia’s Deputy Minister Abdulaziz Al-Shaibani said that the Kingdom has allocated a budget of more than $80 billion to implement hundreds Read More