Category :Regional

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

Business Economy News Regional

Gulf economies to grow faster in 2022, oil price fall biggest threat

Global Business Magazine January 24, 2022

The economies in the six-member Gulf Cooperation Council will grow at their fastest paces in several years, according to a Reuters poll Read More

Business Economy News Regional

UAE regulator approves Gulf’s first SPAC framework

Global Business Magazine January 24, 2022

The United Arab Emirates' Securities and Commodities Authority (SCA) has approved a regulatory framework for special purpose acquisition companies (SPACs), the first Read More

Business News Oil & Gas Regional

Oil rises on elevated geopolitical risks in Europe and Middle East

Global Business Magazine January 24, 2022

Oil prices rose on Monday on worries about supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East, Read More