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RAK Properties Unveil Luxury Island Living in Ras Al Khaimah

Global Business Magazine May 27, 2024

RAK Properties, Ras Al Khaimah’s largest publicly listed property developer, on Sunday unveiled details of Raha Island, a meticulously planned destination Read More

Business Featured News Regional

IHC Board Endorses Share Buyback Program

Global Business Magazine May 27, 2024

International Holding Company (IHC), the global diversified Abu Dhabi-based conglomerate, has approved a share buyback program totalling up to $1.36 billion. The rationale Read More

Finance Featured News Regional World

GlobalFoundries Announce Pricing of $950 Million Secondary Offering of Ordinary Shares

Global Business Magazine May 27, 2024

GlobalFoundries Inc., one of the world’s leading semiconductor manufacturers, has announced the pricing of a secondary public offering of $950 million of Read More

Business Featured News Real Estate Regional

HNWIs Ready to Spend $4.4 Billion Dubai Residential Real Estate

Global Business Magazine May 27, 2024

High-net-worth-individuals (HNWIs) around the world are prepared to spend $4.4 billion on residential real estate in Dubai, according to global property consultancy, Knight Read More

Banking Featured News Regional

UAE Listed Banks Record Highest Deposit Growth in Q1-2024

Global Business Magazine May 24, 2024

The UAE-listed banks recorded the highest deposit growth in the first quarter of 2024 among the GCC banks, which grew by 5.6% y-o-y to $803.2 Read More

Technology Featured News Regional

Microsoft and G42 Announce $1 Billion Digital Investments in Kenya

Global Business Magazine May 23, 2024

The US tech giant Microsoft and G42, Abu Dhabi-based unique technology group, on Wednesday announced a comprehensive package of digital investments in Read More

Finance Featured News Regional

ADNOC Offers 880 Million Shares in ADNOC Drilling

Global Business Magazine May 23, 2024

The state-owned Abu Dhabi National Oil Company (ADNOC) has announced plans to offer a 5.5% stake (or 880 million shares) in its drilling unit, Read More

Business Environment Featured Green Energy News World

Greenfield Investments Valued $1.3 Trillion Announced Globally in 2023

Global Business Magazine May 17, 2024

Foreign companies announced more than 16,400 FDI projects in 2023, according to fDi Markets, the greenfield investment monitor of the London-based Financial Times. These Read More

Finance Featured News Real Estate World

Goldman Sachs Raise Over $7 Billion for Real Estate Lending

Global Business Magazine May 16, 2024

Sensing an opportunity in real estate credit driven by major dislocations in real estate markets globally and also looking at alternative lending Read More