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ADNOC to Offer 15% Stake in Its Maritime Logistics Arm ‘ADNOC L&S’

Global Business Magazine May 11, 2023

ADNOC, the Abu Dhabi state-owned energy company, on Wednesday announced its plans to sell a 15% stake through an Initial Public Offering (IPO), Read More

Finance Featured News Oil & Gas Regional

Aramcos’ Net Income Down in Q1-2023

Global Business Magazine May 10, 2023

Saudi Arabia’s energy major Aramco, the world’s second biggest company after Apple Inc, on Tuesday reported a first quarter 2023 net Read More

Business Energy Featured News Regional

QatarEnergy Signs Two Contracts for Offshore Blocks in Suriname

Global Business Magazine May 10, 2023

QatarEnergy, Qatar’s state-owned energy giant, on Tuesday signed two production sharing contracts (PSCs) for two blocks offshore Suriname, following successful bids Read More

Business Featured News Regional World

flydubai expands its network in Poland to three destinations

Global Business Magazine May 9, 2023

flydubai, the Dubai-based carrier, has announced it will be operating three flights to Poznan in Poland from 29 October 2023, becoming the first UAE Read More

Finance Featured News Regional World

Al Reem Island is Part of Abu Dhabi Global Market’s Jurisdiction

Global Business Magazine May 9, 2023

The jurisdiction of Abu Dhabi Global Market (ADGM) financial district has been extended to include Al Reem Island on Monday.Read More

Technology Business Featured News Regional

Oman’s Data Centre Investments to Reach $428 million by 2026

Global Business Magazine May 9, 2023

Investments in the data centres of Sultanate of Oman is expected to Reach $428 million by 2028, growing at a CAGR of 9.6% between 2023-28, Read More

Business Featured News Regional

FedEx Express to Collaborate with Saudi Export Development Authority

Global Business Magazine May 9, 2023

FedEx Express on Monday signed an agreement with the Saudi Export Development Authority, represented by the ‘Made in Saudi’ program, to be Read More

Finance Featured News Regional

Saudi Arabia and Dubai Financial Market Lead Record Biggest Monthly Gains in 9 Months

Global Business Magazine May 8, 2023

The GCC markets closed April-2023 at the highest level since the last week of January-2023 mainly led by consistent gains during the Read More

Banking Featured Finance News Regional

EIIC Acquires Minor Stake in Abu Dhabi Islamic Bank

Global Business Magazine May 8, 2023

Emirates International Investment Company (EIIC), the strategic investment arm of National Holding, ON Friday announced that it has acquired a minor stake Read More

Energy Featured News World

EU’s Natural Gas Demand Decline by 13.2% in 2022

Global Business Magazine May 8, 2023

Following a 4.3% increase in 2021, the inland demand for natural gas in the European Union (EU) decreased by 13.2% in 2022 to 13.72 million terajoules. This Read More

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