Category :News

Finance Featured News Regional

Aramco’s income increase 39% YoY to $42.4 billion in Q3 of 2022

Global Business Magazine November 2, 2022

Saudi oil giant Saudi Aramco on Tuesday announced the third quarter financial results ending in September 2022 wherein the company’s income rose 39% Read More

Energy Featured News Regional

Saudi’s ACWA Power to set up 10GW wind farm in Egypt

Global Business Magazine November 2, 2022

Saudi Arabia’s renewable energy developer ACWA Power will build a 10-GW wind farm in Egypt. Currently, Egypt’s largest wind farm Read More

Business Featured News Regional

ADNOC awards $4 billion framework agreements for Integrated Drilling Fluids Services

Global Business Magazine November 2, 2022

Abu Dhabi National Oil Company (ADNOC) on Tuesday announced the award of three framework agreements valued at $4 billion for integrated drilling fluids Read More

Banking Featured News Regional

Central Bank of UAE completes CBDC transactions with other regulators

Global Business Magazine October 31, 2022

The Central Bank of the United Arab Emirates (CBUAE) announced that it has completed bridge, the world's largest pilot of central bank Read More

Energy Featured News Regional

DEWA commissions 389 11KV substations in Q3 of 2022

Global Business Magazine October 31, 2022

Dubai Electricity and Water Authority (DEWA) has commissioned 389 11kV substations in Dubai in the third quarter of 2022. This is part of the Read More

Economy Featured News Regional

ADIPEC 2022 conference begins in Abu Dhabi today

Global Business Magazine October 31, 2022

The globally-awaited Abu Dhabi International Petroleum Exhibition and Conference - ADIPEC 2022 - will begin in Abu Dhabi on Monday.Read More

Finance Featured News Regional

Abu Dhabi’s Bayanat plans to list 22.22% stake on ADX this week

Global Business Magazine October 18, 2022

Bayanat AI, a subsidiary of G42, will offer 22.22% (571.4 million) of its shares through an initial public offering (IPO) and list on the Read More

Business Featured News Regional

Emirates transport sells 80% stake in its subsidiary to NEV Investment

Global Business Magazine October 18, 2022

Emirates Transport (ET) – the largest school transport provider in the UAE – announced that it has agreed to sell an 80% stake in its Read More

Economy Featured News Regional

Fears of economic slowdown impacts GCC project market in Q3 of 2022

Global Business Magazine October 18, 2022

GCC project awards contracted during the third quarter of the year as global economic challenges mounted.Read More

Business Featured News Regional

UAE’s e& Plans to buy telecom companies overseas to increase revenue

Global Business Magazine October 18, 2022

The Abu Dhabi-based company e& is considering buying telecom companies abroad to expand its revenue base and is interested in buying businesses Read More