Category :News

Business Featured News Regional

TECOM Group IPO oversubscribed, raise $463.2 million

Global Business Magazine June 28, 2022

Dubai business park operator TECOM Group has raised $463.2 million on The Dubai Financial Market (DFM) after setting the final offer price at Read More

Finance Featured News Regional

Saudi Tadawul to launch single stock future contracts on July 4

Global Business Magazine June 28, 2022

In order to give further fillip to its market liquidity, Saudi Arabia Stock Exchange Tadawul on Sunday announced its plans to launch Read More

Business Featured News Regional

Dubai’s Yiwu Market set to open on Tuesday

Global Business Magazine June 27, 2022

The 163.4 million Yiwu Market will be opened in Jebel Ali Free Zone (JAFZA) to cater to the needs of the retail and Read More

Business Featured News Regional

Wizz Air to launch new routes from Saudi Arabia to UAE and Europe

Global Business Magazine June 27, 2022

Wizz Air, Europe’s fastest growing and most sustainable airline, is launching new routes from Dammam in Saudi Arabia, to Rome, Vienna Read More

Finance Featured News Regional

UAE listed firms approve dividends worth $9.37 billion in 2021

Global Business Magazine June 27, 2022

The listed companies in the UAE bourses have approved payment of dividends to the tune of $9.37 billion, the Securities and Commodities Authority (Read More

Finance Featured News Regional

The Red Sea becomes hot favourite for investments by GCC SWFs

Global Business Magazine June 27, 2022

Two GCC sovereign wealth funds (SWFs) have announced investments worth billions of dollars into port and logistics infrastructure in Sudan and Saudi Read More

Energy Featured News Regional

UAE eyes LNG exports to meet global gas demand

Global Business Magazine June 27, 2022

With the European Union (EU) and the UK looking for alternate supplies for natural gas to reduce its reliance on Russian gas Read More

Economy Featured News Regional

UAE plans to offer Dual-Tranche USD bonds soon

Global Business Magazine June 24, 2022

The UAE’s Ministry of Finance on Thursday announced its plans to issue a dual-tranche US Dollar benchmark size bonds of $500 million Read More

Technology Featured News Regional

Dubai’s proptech start-up Huspy Raise $37 million in series A round

Global Business Magazine June 24, 2022

Huspy, the Dubai-based proptech start-up, on Tuesday said that it has raised $37 million in its series A financing round led by Sequoia Read More

Economy Featured News Regional

GCC to aid Middle East region’s economic growth in 2022

Global Business Magazine June 24, 2022

The six-member Gulf Cooperation Council (GCC) will be the mainstay for the Middle East region’s GDP growth which is forecast at 5.2% Read More