Category :Regional

Finance Featured News Regional

Social Media Platform Reddit Raises $748 Million

Global Business Magazine March 21, 2024

The San Francisco-based social media platform Reddit, Inc. on Wednesday announced the pricing of its initial public offering (IPO) of an aggregate 22 Read More

Business Featured News Regional

Mubadala and Uber Invest in Global Mobility Fintech Firm

Global Business Magazine March 20, 2024

Moove, the global mobility fintech that democratises access to vehicle ownership for mobility entrepreneurs, on Tuesday said that it has raised $100 million Read More

Business Featured News Regional

Dairy Giant Almarai to Invest $4.8 Billion in Next Five Years

Global Business Magazine March 19, 2024

As part of its five-year strategic plan, Saudi-based Almarai, the world’s largest vertically integrated dairy company and the region’s largest Read More

Technology Featured News Regional

Mitgo Acquires UAE’s Fintech Platform Embedded

Global Business Magazine March 19, 2024

As part of its plans to enter the financial services market, Mitgo Group, the Germany-based marketing technology (Martech) tech firm, has acquired Read More

Business Featured News Regional

Passenger EV Sales Pick Up in Indonesia in 2023

Global Business Magazine March 19, 2024

Passenger electric vehicle (EV) sales in Indonesia rose by 65.6% in 2023 to reach a total of 17,119 units, a significant surge from 10,337 units in 2022. Read More

Banking Featured News Regional

Saudi’s Top 10 Banks Performed Robust and Positively in 2023

Global Business Magazine March 19, 2024

The performance of top 10 listed banks in Saudi Arabia remained largely robust and positive as the operating income grew by 9.5% reflecting the Read More

Business Featured News Real Estate Regional

Abu Dhabi’s Most Expensive Apartment Sold for $37.31 Million

Global Business Magazine March 19, 2024

Aldar, the leading real estate developer, investor, and manager in the UAE, on Monday announced the sale of Abu Dhabi’s most Read More

Business Energy Featured Mergers and Acquisitions News Regional

Mubadala Capital and Petrobras in Talks to Form Downstream Partnership in Brazil

Global Business Magazine March 18, 2024

Mubadala Capital, the investment arm of Abu Dhabi’s sovereign wealth fund, which has invested more than $5 billion in Brazil since 2012, is Read More

Economy Featured News Real Estate Regional

Nakheel and Meydan to Merge with Dubai Holding

Global Business Magazine March 18, 2024

Nakheel and Meydan - Dubai’s two real estate giants - will be merged with Dubai Holding in an effort to sustain Read More

Banking Featured News Regional

Assets of UAE Banks Reach $1.1 Trillion by End-2023

Global Business Magazine March 18, 2024

The total assets of the banks operating in the UAE increased by 3.1% q-o-q, reaching $1.1 trillion at the end of the fourth quarter Read More