Category :News

Technology Featured News Regional

IDC to host 12th edition of Saudi Arabia CIO summit in Riyadh on Sept 19-20

Global Business Magazine September 6, 2022

After a gap of two years, the IDC Saudi Arabia CIO Summit returns to an in-person format on September 19-20 in Riyadh Read More

Energy Featured News Regional

Power consumption on rise in Saudi Arabia

Global Business Magazine September 6, 2022

Electricity consumption in Saudi Arabia grew by 4.2% in 2021, registering growth for the second year in a row, after it recorded the first Read More

Finance Featured News Regional

Over half of digital asset investors weathered storm in Crypto market

Global Business Magazine September 6, 2022

A survey conducted by Civic Science, the US-based business intelligence community, revealed that 54% of the digital asset investors weathered the storm and Read More

Technology Featured News Regional

Spotnana raises $75 million in latest funding round

Global Business Magazine September 6, 2022

Spotnana, a cloud-based travel technology platform, has raised $75 million in a funding round led by Durable Capital Partners LP and existing investors Read More

Real Estate Featured News Regional

DMCC’s uptown tower office space is fully pre-leased ahead of its completion

Global Business Magazine September 2, 2022

Dubai Multi Commodities Centre (DMCC), the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, said Read More

Finance Featured News Regional

Global Sukuk Issuance to reach $257 billion by 2027, says Refinitiv

Global Business Magazine September 2, 2022

Global sukuk issuance is poised for a big growth in the next five years with the compound annual growth rate (CAGR) of 6.8% Read More

Business Featured News Regional

Actis to acquire controlling stake in UAE-based Yellow Door Energy

Global Business Magazine September 2, 2022

Actis, a leading global investor in sustainable infrastructure, has announced the signing of definitive transaction documents for the acquisition of a controlling Read More

Technology Featured News Regional

UAE Government applauds 60 professionals in the Artificial Intelligence program’s fourth cohort

Global Business Magazine September 1, 2022

The UAE government applauded 60 participants who graduated from the fourth cohort of the Artificial intelligence program, founded in affiliation with the UAE Read More

Economy Featured News Regional

Saudi Arabia’s economy poised to grow at 7.6% in 2022, says IMF

Global Business Magazine September 1, 2022

The International Monetary Fund (IMF) said in its annual report that Saudi Arabia’s economy would register a growth rate of 7.6% during Read More

Banking Featured News Regional

UAE listed banks’ net profits reach $5.69 billion in H1-2022

Global Business Magazine September 1, 2022

Putting up an impressive show, the 11 national banks listed on the UAE capital markets have registered net profits of $5.69 billion in the Read More