Conglomerate - Global Business Magazine

Abu Dhabi’s IHC Posts $3.87 Billion Revenue in Q3-2023

Global Business Magazine November 9, 2023

International Holding Company (IHC), the global diversified Abu Dhabi-based conglomerate, has recorded a revenue of $3.87 billion for Q3 of 2023, representing a 9.5% increase Read More

Business Featured News Regional

Essar Group Considering Setting up $4.5 Billion Steel Project in

Global Business Magazine September 13, 2023

The multi-national conglomerate Essar Group in Saudi Arabia is exploring the possibility of investing about $4.5 billion in setting up an integrated steel Read More

Banking Featured News Regional

Abu Dhabi’s IHC Invests $200 Million in Colombian Digital Bank

Global Business Magazine October 11, 2022

The Abu Dhabi-based diversified conglomerate International Holding Company, on Monday announced a capital investment of $200 million in Lulo Colombia S.A., which Read More

Banking Featured News Regional

The first platform bank in the region Wio launches in

Global Business Magazine September 8, 2022

Wio Bank announced the launch of its operations in the United Arab Emirates (UAE) and became the first platform bank in the Read More

Real Estate Featured News Regional

Sharjah-based Mulk International developing Zim Cyber City in Zimbabwe

Global Business Magazine August 4, 2022

Sharjah-based industrial conglomerate Mulk International has started construction of a $500 million high-tech park in Zimbabwe that is expected to boost the African Read More

Finance Featured News Regional

Kuwait top in the world in billionaire ratio

Global Business Magazine July 8, 2022

Kuwait ranked first in the world with one billionaire for every 33,090 people, according to Ultrata Corporation magazine, which cited a report by Read More

Finance Featured News Regional

UAE-based fintech firm raises $41 million in new funding round

Global Business Magazine July 4, 2022

The UAE-based financial technology start-up and digital banking app YAP on Monday said it has raised $41 million. The company will utilise the Read More

Finance Featured News Regional

The Red Sea becomes hot favourite for investments by GCC

Global Business Magazine June 27, 2022

Two GCC sovereign wealth funds (SWFs) have announced investments worth billions of dollars into port and logistics infrastructure in Sudan and Saudi Read More

Business Featured News Regional

IHC invests additional $25 million in SpaceX

Global Business Magazine June 22, 2022

The Abu Dhabi-listed global strategic investment firm - International Holding Company (IHC) - on Tuesday announced to invest an additional $25 million in Read More