Category :News

Finance Featured News Regional

Oman Investment Authority earns 10.3% in annual returns from 40 Countries

Global Business Magazine July 14, 2022

The average annual returns from the investments made in 40 countries was more than 10% till December 2021, the state-backed Oman Investment Authority (OIA) said Read More

Economy Featured News Regional

UAE start-ups raise 86% of funds raised in MENA in June

Global Business Magazine July 14, 2022

Start-ups in the Middle East and North Africa region (MENA) raised $323.7 million across 66 deals in June 2022, an 84% increase in value and 57% in Read More

Business Featured News Regional

ADNOC draws up plans to woo foreign investments

Global Business Magazine July 13, 2022

The UAE's Abu Dhabi National Oil Company (ADNOC) wants to continue wooing foreign investments and striking strategic partnerships as the national oil Read More

Business Featured News Regional

DP World’s Imperial acquires major stake in Africa FMCG Distribution Ltd

Global Business Magazine July 13, 2022

Imperial, owned by DP World, on Tuesday announced the strategic acquisition of a controlling stake in Africa FMCG Distribution Ltd (AFMCG). The Read More

Economy Featured News Regional

Dubai hotels’ profits seven times higher than in 2019

Global Business Magazine July 12, 2022

Among key hotel markets in the Middle East, Dubai’s gross operating profit per available room (GOPPAR) came in seven times higher Read More

Finance Featured News Regional

ADX and Bahrain bourse launch digital exchange hub Tabadul

Global Business Magazine July 12, 2022

The Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse have launched the region’s first-of-its-kind digital exchange hub – Tabadul - to provide Read More

Economy Featured News Regional

UAE launches new FDI initiative to attract 300 best companies

Global Business Magazine July 12, 2022

The UAE on Wednesday launched the second generation of foreign direct investment initiative (FDI) to attract 300 best companies specialized in future sectors Read More

Business Featured News Regional

For four months, the UAE has prohibited the export and re-export of Indian wheat

Global Business Magazine July 12, 2022

On Wednesday, The UAE’s Ministry of Economy imposed a moratorium on the export and re-export of wheat and wheat flour originating Read More

Business Featured News Regional

UAE, Uzbekistan’s SEG to launch new businesses in logistics and cargo transportation

Global Business Magazine July 12, 2022

AD Ports Group (Abu Dhabi) and Uzbekistan-based Sanoat Energetika Guruhi (SEG) has announced that they will launch a joint venture to open Read More

Technology Featured News Regional

UAE-based ResTech start-up Supy raise $8 million in seed funding

Global Business Magazine July 12, 2022

Supy, a UAE-based ResTech start-up that streamlines transactions between restaurants and suppliers, has raised $8 million in seed funding. The Start-up raised $1.5 million Read More