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Category :GCC

Saudi CMA Approves Sukna Fund for Financing SMEs

Global Business Magazine July 15, 2025

Unlocking a new era of flexible SME financing, Saudi Arabia’s Sukna Capital has been approved by the Saudi Capital Market Authority (Read More

Banking Companies Earnings GCC

NBQ Posts Revenue of $175 Million in H1-2025

Global Business Magazine July 15, 2025

Despite of adverse interest rate environment, the National Bank of Umm Qaiwain (NBQ) on Tuesday said that its profit after tax amounted Read More

Business Companies GCC Investments Real Estate World

Mubadala Joins Partners Group-led Consortium to Invest in Techem

Global Business Magazine July 15, 2025

Mubadala, the UAE’s state-owned sovereign fund, GIC, and TPG Climate Rise have joined Partners Group, one of the largest firms in Read More

Finance Bonds Companies GCC World

GCC Region’s Bond Maturities to Hit Roof by 2030

Global Business Magazine July 15, 2025

GCC governments are expected to see elevated levels of maturities over the next five years, especially for bond issuances during the years Read More

Banking Companies Earnings GCC

ADCB Reports Net Income of $810 Million in Q2-2025

Global Business Magazine July 15, 2025

Beating the LSEG analysts’ expectations of $630 million, the Abu Dhabi Commercial Bank (ADCB) has reported a 10.8% y-o-y increase in net income to $710 Read More

Finance Bonds Companies GCC shipping

GULFNAV Completes $136 Million MCB Offering

Global Business Magazine July 14, 2025

Gulf Navigation Holding (GULFNAV), a leading maritime and shipping company listed on the Dubai Financial Market (DFM) on Monday announced the successful Read More

Business Companies Data Centres GCC World

Khazna and Eni to Develop Italy’s AI Data Center

Global Business Magazine July 14, 2025

Khazna Data Centers, a global leader in hyperscale digital infrastructure, and Eni, a global energy company headquartered in Italy, have signed a Read More

Business Companies Deals GCC Oil and Gas World

ADNOC Gas to Supply Natural Gas to Germany

Global Business Magazine July 11, 2025

The European Union’s (EU) plans to reduce its dependence and phase-out Russian gas imports by 2027 has moved a step closer after Read More

Business Companies Divestments GCC World

ADIA Sells 50% Stake in IFCO to Stonepeak

Global Business Magazine July 11, 2025

Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, said that it has entered into an agreement under which Read More

Business Companies fintech GCC Mergers and Acquisitions Middle East

Network and Magnati Merge to Become Largest Fintech Firm

Global Business Magazine July 11, 2025

Network International, a leading fintech company in the Middle East and Africa (MEA), and Magnati, a leading provider of payment solutions in Read More