Finance - Global Business Magazine

CBUAE grants licence to Zand to operate as commercial bank

Global Business Magazine July 8, 2022

The UAE Central Bank has granted banking licence to Zand, the Emirates’ first digital bank that aims to cater to retail and 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

GCC Markets’ slide continues amid global sell-off in June

Global Business Magazine July 8, 2022

The GCC markets’ aggregate index declined for the second consecutive month during June 2022 tracking weak global trends as inflation and recession fears Read More

Business Featured News Regional

Bahrain’s GFH acquires $300 million student housing portfolio in US

Global Business Magazine July 8, 2022

The Bahrain-based investment bank GFH Financial Group (“GFH” or “the Group”) on Thursday announced acquisition of $300 million student housing portfolio affiliated to Read More

Energy Featured News Regional

DEWA adds 700 MW to Dubai’s electricity grid

Global Business Magazine July 8, 2022

Dubai Electricity and Water Authority (DEWA) has announced that the total production capacity of energy has reached 14,117 megawatts (MW) after adding 700MW.Read More

Business Featured News Regional

UAE and Columbia sign MoU to explore opportunities in energy sector

Global Business Magazine July 8, 2022

The Abu Dhabi Department of Energy (DoE) has signed a five-year memorandum of understanding (MoU) with the Ministry of Mines and Energy Read More

Economy Featured News Regional

In 2022, the UAE’s economy continues to be the most competitive in MENA!

Global Business Magazine July 8, 2022

The UAE continues to have the most competitive economy in the Middle East and North Africa (Mena) region, according to the IMD Read More

Finance Featured News Regional

EMs see $4 billion outflows in June amid fears of global recession

Global Business Magazine July 8, 2022

The Institute of International Finance (IIF), the global association of the financial industry, with close to 450 members from 70 countries, on Thursday said Read More

Finance Featured News Regional

Saudi Arabia has highest gold reserves in the Arab world

Global Business Magazine July 7, 2022

The yellow metal has not lost its sheen in the Middle East as region’s countries are scurrying to improve their gold Read More

Business Featured News Regional

DMCC registers 1469 companies in H1 of 2022

Global Business Magazine July 7, 2022

Dubai Multi Commodities Centre (DMCC) – the world’s flagship Free Zone and Dubai’s authority on commodities trade and enterprise – has reported Read More

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