Economy - Global Business Magazine

Profitability of top 10 Saudi banks surge in Q1 of 2022

Global Business Magazine June 8, 2022

The overall profitability of the 10 largest banks in Saudi Arabia increased by 17.6% on a quarterly basis in the first quarter of 2022, according Read More

Finance Featured News Regional

ADX delegation heads to London to woo investors on June 9

Global Business Magazine June 8, 2022

A delegation from the Abu Dhabi Securities Exchange (ADX) including nine companies listed on the bourse will meet with several major investment Read More

Energy Featured News Regional

Oman to increase Oil production between 50,000-100,000 barrels per day

Global Business Magazine June 8, 2022

New oil discoveries in Oman is expected to increase the production by 50,000 to 100,000 barrels in the next two or three years.Read More

Business Featured News Regional

Masdar inks pact with Azerbaijan to develop clean energy projects

Global Business Magazine June 8, 2022

The Abu Dhabi Future Energy Company (Masdar) has signed two agreements with Ministry of Energy of Azerbaijan to develop clean and renewable Read More

Real Estate Featured News Regional

Saudi Retal Urban Development offers $32 per share

Global Business Magazine June 8, 2022

Saudi Arabia’s capital market’s strong momentum with a new Initial Public Offering (IPO) from the local real estate developer, Retal Read More

Finance Featured News Regional

Abu Dhabi has exceptional strength to face financial upheavals

Global Business Magazine June 8, 2022

Global ratings agency Standard & Poor’s (S&P) has announced that the exceptional strength of the Abu Dhabi government’s budget provides Read More

Business Featured News Regional

UAE’s Al-Futtaim group to invest $1 billion in Egypt

Global Business Magazine June 8, 2022

One of the leading businessmen in the UAE and CEO of Al-Futtaim Group, Omar Abduallah Al-Futtaim, said that they were planning to Read More

Finance Breaking News Featured News Regional

Ali Alghanim and sons first IPO in Kuwait since 2020

Global Business Magazine June 8, 2022

Boursa Kuwait on Tuesday announced the listing of Ali Alghanim and Sons Automotive Company, the official distributor of vehicle brands in Kuwait, Read More

Business Featured News Regional

DP World and CDPQ announce US$5 billion investment in UAE’s strategic assets

Global Business Magazine June 7, 2022

DP World, one of the world's largest marine terminal operators, and Canadian global investment fund Caisse de dépôt et placement Read More

Banking News World

EXCLUSIVE Citigroup to hire 3,000 in Asia institutional banking business in growth push -Asia CEO

Global Business Magazine June 7, 2022

Citigroup Inc (C.N) plans to hire around 3,000 new staff for its Asia institutional business in the next few years, sharpening its Read More

Tags :Economy