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Category :Regional

Palms Sports Awarded Contracts Worth $76.97 Million

Global Business Magazine January 16, 2024

Palms Sports, the comprehensive sports management company, world's largest Jiu-Jitsu training provider, and a subsidiary of International Holding Company (IHC), on Monday Read More

Energy Economy Featured News Regional

DEWA commissions 1,414 distribution substations of 11 kV in 2023

Global Business Magazine January 16, 2024

Dubai Electricity and Water Authority (DEWA) has commissioned 1,414 distribution substations of 11KV capacity across Dubai in 2023, DEWA MD and CEO Saeed Mohammed Read More

Finance Featured News Regional

Singapore’s Equities Market Outperform Peers Across Southeast Asia in Dec 2023

Global Business Magazine January 15, 2024

The total securities market turnover on the Singapore Exchange (SGX) dropped 4.8% in December 2023 to $14.28 billion, with steady securities daily average value (SDAV) Read More

Finance Featured Health News Regional

PureHealth Raises $986 Million Through Its IPO on ADX

Global Business Magazine January 11, 2024

PureHealth, the largest integrated healthcare platform in the Middle East, has raised $986 million through its listing on the Abu Dhabi Securities Exchange (Read More

Insurance Business Featured Finance Merger and Acquisitions News Regional

UK’s Insurance and Reinsurance Firm BMS Acquires Majority Stake in Berns Brett Masaood

Global Business Magazine January 11, 2024

BMS, the independent specialist insurance and reinsurance broker based in London, has announced on Thursday that it has completed acquisition of majority Read More

Economy Featured News Regional

Saudi and UAE Lead MENA in Awarding Contracts in 2023

Global Business Magazine January 11, 2024

Contractors in the Middle East and North Africa (MENA) region have secured more than $254 billion of contract awards in 2023 in a record-breaking Read More

Business Featured News Regional

Asltom Bags World’s Biggest Battery-Powered Tramway Contract in Saudi Arabia

Global Business Magazine January 9, 2024

French firm Alstom, a global leader in smart and sustainable mobility, has signed a contract worth over $546.55 million with The Royal Commission Read More

Economy Featured News Regional

Assets of GCC SWFs Reach $4.1 Trillion by end of 2023

Global Business Magazine January 5, 2024

The assets under managements (AuM) of the five sovereign wealth funds (SWFs) in the GCC countries - ADIA, Mubadala, ADQ in the Read More

Business Featured News Regional

IHC Forms New Company 2PointZero with $27.2 Billion in Assets

Global Business Magazine January 5, 2024

The Abu Dhabi-based International Holding Company (IHC) has approved the initiation of the transfer of 2PointZero, a next generation Holding Company comprising Read More

Hospitality Business Featured News Regional

ADFD to Invest $172 Million in Three Hotels in Egypt

Global Business Magazine January 5, 2024

In a boost to the Egypt’s hospitality sector, the Abu Dhabi government-owned Abu Dhabi Fund for Development Fund (ADFD), through one Read More