Category :Regional

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

Business Featured Finance News Regional

PIF Acquires Over 23% Stake in the Middle East Paper Company

Global Business Magazine January 5, 2024

Continuing its investment spree, Saudi Arabia’s sovereign wealth fund - Public Investment Fund (PIF) – on Thursday announced the completion of a Read More

Real Estate Featured News Regional

Dubai’s Largest Penthouse Priced at over $163 Million

Global Business Magazine January 4, 2024

Emerald Palace Group (EPG), which owns the luxurious Raffles The Palm Dubai, on Wednesday has announced that the Super Penthouse R1, the Read More

Finance Featured News Regional

Two UAE Investors Buy 38% Stake in Bulgartabac Holding

Global Business Magazine January 4, 2024

Bulgarian diversified group Bulgartabac Holding on Wednesday announced that the UAE-registered Tala Ltd, has acquired the entire 14.75% stake in the business held Read More

Real Estate Featured News Regional

London’s Mayfair Real Estate Market Draws Buyers from Saudi Arabia and UAE

Global Business Magazine January 3, 2024

The prime real estate market in Mayfair, the prestigious London neighbourhood, witnessed a remarkable surge in high-end home sales, especially in luxury Read More

Finance Featured News Regional

DFM Best Performing Bourse in GCC Region in 2023

Global Business Magazine January 3, 2024

Dubai Financial Market (DFM) was the best performing market in the GCC region with a gain of 21.7% to close at 4,059.8 points in 2023, Read More

Business Energy Featured News Regional

TAQA, Vision Invest and GIC Consortium Wins Juranah Water Reservoir Project in Makkah

Global Business Magazine January 3, 2024

A consortium of companies led by TAQA, Abu Dhabi National Energy Company, one of the largest listed integrated utilities in Europe, the Read More

Technology Business Featured Mergers and Acquisitions News Regional

Global SpaceTech Firms Witness Flurry of M&A Activity in 2023

Global Business Magazine January 3, 2024

The global space and satellite industry has witnessed a spate of merger & acquisition activities in 2023, according to the Space Q3 investment report Read More