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Bitcoin, ether scale new peaks as flows pour in to crypto

Global Business Magazine November 9, 2021

Bitcoin and ether made record peaks in Asia trade on Tuesday, with enthusiasm for cryptocurrency adoption and worry about inflation driving momentum Read More

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Saudi Q3 GDP growth at 6.8%, highest since 2012

Global Business Magazine November 9, 2021

Saudi Arabia's economy grew 6.8% in the third quarter from a year earlier, the fastest expansion since 2012, official data showed on Tuesday, as Read More

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Abu Dhabi’s stock exchange submits SPAC framework proposal -statement

Global Business Magazine November 9, 2021

Abu Dhabi has proposed a regulatory framework to allow the listing of blank-cheque companies, potentially opening the door to a slew of Read More

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Oil spare capacity to diminish as jet demand returns, Aramco says

Global Business Magazine November 9, 2021

Global oil spare production capacity could diminish next year as air passengers return to the skies, removing an important cushion that the Read More

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The New Masters: How auction houses are chasing crypto millions

Global Business Magazine November 9, 2021

Little could James Christie have known some 240 years ago, as he sold masterpieces by Rembrandt and Rubens to Catherine the Great, that Read More

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Abu Dhabi hits record as most markets rise; Qatar bucks trend

Global Business Magazine November 8, 2021

Most stock markets in the Gulf rose in early trade on Monday, with the Abu Dhabi index reaching an all-time high, while Read More

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Asia stocks go guarded ahead of U.S. inflation test

Global Business Magazine November 8, 2021

Asian share markets were mixed on Monday as risk assets found support from the upbeat U.S. October payrolls report, but faced Read More

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Dubai to launch $545 mln market-maker fund, eyes 10 IPOs

Global Business Magazine November 2, 2021

Dubai plans to launch a 2 billion dirham ($545 million) market-maker fund to boost trading on its stock market and is aiming to list 10 Read More

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Metaverse pioneers unimpressed by Facebook rebrand

Global Business Magazine November 1, 2021

Early adopters of the virtual worlds known as the metaverse criticised Facebook's rebranding as an attempt to capitalise on growing buzz over Read More