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Category :Regional

Salama announces a net profit of Dh48.17 million for the year 2021

Global Business Magazine March 30, 2022

On Tuesday, SHUAA Capital PSC, the region’s leading asset management and investment banking platform shared a full-year profit of Dh24 million Read More

Finance News Regional

Dubai shares rally as DEWA more than doubles IPO size; Saudi slips

Global Business Magazine March 30, 2022

Dubai's main share index rallied for a seventh consecutive session on Wednesday, after state utility DEWA increased its initial public offering (IPO) Read More

Banking Featured News Regional

Political impasse in Lebanon, accounting regulations wreak havoc on the financials of the Bank of Sharjah

Global Business Magazine March 29, 2022

Due to a political impasse, currency volatility, and a new accounting regulation imposed on its Lebanese affiliate Emirates Lebanon Bank (EL Bank), Read More

Energy News Regional

UAE, Saudi say OPEC+ should not play politics

Global Business Magazine March 29, 2022

The energy ministers of Saudia Arabia and the United Arab Emirates, key members of OPEC+, said on Tuesday the producers' group should Read More

Finance News Regional World

UAE hopeful of 5%-6% economic growth in 2022 and beyond-min

Global Business Magazine March 29, 2022

The United Arab Emirates (UAE) is hoping the economy will grow by 5% to 6% this year as it recovers from the pandemic, and Read More

Economy Finance Regional

Four weeks of war scar Russia’s economy

Global Business Magazine March 25, 2022

Russia's invasion of Ukraine on Feb. 24 sparked sweeping sanctions that ripped the country out of the global financial fabric and sent its Read More

Business Finance News Regional

Generali’s rival plan targets higher growth, bigger M&A

Global Business Magazine March 25, 2022

The challengers to Generali's (GASI.MI) current management and business strategy pledged to grow earnings by double-digits while targeting "fewer but larger" Read More