Category :Regional

Economy News Regional

UAE to launch first federal corporate tax on business profits from June 2023

Global Business Magazine January 31, 2022

The United Arab Emirates (UAE) on Monday said it would introduce a federal corporate tax on business profits for the first time Read More

Business News Oil & Gas Regional

EXCLUSIVE Qatar could reroute some gas to Europe with U.S. mediation – source

Global Business Magazine January 27, 2022

Qatar will need help from the United States to persuade Doha's natural gas buyers to reroute some supplies to Europe in case Read More

Regional COVID-19 News Omicron

UAE to lift entry, transit ban on passengers from 12 African countries

Global Business Magazine January 27, 2022

The United Arab Emirates will lift an entry and transit ban on on Saturday on travellers who had recently visited South Africa, Read More

Banking COVID-19 News Regional

UAE’s biggest lender FAB posts record profit but shares fall

Global Business Magazine January 27, 2022

First Abu Dhabi Bank (FAB.AD), the United Arab Emirates' biggest lender, posted a record net profit in 2021, fuelled by the country's Read More

Economy Featured Regional

UAE Start-Ups Bag Over 50% Investments Made In MENA Region In 2021

Global Business Magazine January 27, 2022

Start-Ups in the Middle East and North Africa (MENA) raised $2.8 billion in funding in 639 deals in 2021. Of them, the share of the Read More

Economy Featured Regional

Malaysian Timber Council Eyes Middle East, Africa and South Asia Markets As Economies Re-open

Global Business Magazine January 27, 2022

After being in a limbo for nearly two years, the Malaysian Timber Council (MTC) is focussing on new business opportunities in Middle Read More

Regional News World

UAE foreign ministry condemns Houthi attack, vows it will not go unpunished

Global Business Magazine January 27, 2022

A strike hit a fuel depot in Abu Dhabi, killing three people and six were injured, causing a fire near its international Read More

Banking News Regional World

Kuwait’s parliament approves Credit Bank capital hike

Global Business Magazine January 25, 2022

Kuwait's parliament on Tuesday unanimously approved a legislative amendment to increase by 300 million dinars ($993.31 million) the capital of the state-run Kuwait Credit Read More

Finance News Regional

Abu Dhabi’s Chimera closes second venture capital fund at $10 bln

Global Business Magazine January 25, 2022

Abu Dhabi investment firm Chimera Capital said on Tuesday it closed its second venture capital (VC) fund at $10 billion, as it looks Read More

Economy Featured Regional

The UAE Ports Looking To Expand In Mineral Rich African Continent

Global Business Magazine January 25, 2022

The ADQ-owned Abu Dhabi Ports (ADP) and Dubai port giant, DP World, are looking at expanding their operations in the resourceful African Read More