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Business Companies GCC Mergers and Acquisitions

NMDC LTS Acquires Majority Equity Stake in Emdad

Global Business Magazine June 4, 2025

Abu Dhabi-based NMDC Group on Wednesday announced that NMDC LTS, a wholly owned subsidiary of the Group, completed the acquisition of a 70% Read More

Business Artificial Intelligence Companies GCC World

Kuwait SWF Joins MGX-Backed AI Infrastructure Partnership

Global Business Magazine June 4, 2025

Kuwait Investment Authority (KIA) has joined a consortium of companies including MGX, BlackRock, Global Infrastructure Partners (GIP), a part of BlackRock, and Read More

Business Companies Deals GCC

Abu Dhabi Ship Building Supplies Missile Boats to Kuwait

Global Business Magazine June 4, 2025

Abu Dhabi Ship Building (ADSB) has announced it has received a Letter of Award from its shareholder EDGE Group for the supply Read More

Business Airlines Companies GCC IPOs shares

flynas Concludes Final Share Allocation for Its IPO

Global Business Magazine June 4, 2025

Saudi Arabia’s low-cost carrier flynas Company, one of the leading low-cost carriers in the Middle East and North Africa, has announced Read More

Banks Business Companies GCC

Al Salam Bank Closes $450 Million AT1 Capital Issuance

Global Business Magazine June 4, 2025

Reflecting strong investor confidence in the Bank’s financial strength and long-term growth strategy, Bahrain-based Al Salam Bank has announced the successful Read More

Business Companies Digital Assets GCC

EmCoin Obtains Licence from UAE’s SCA

Global Business Magazine June 3, 2025

Emirates Coin Investment LLC (EmCoin) has made history as the first company in the UAE to be licensed by the UAE’s Read More

IMF Economy GCC GDP

IMF Projects Oman’s GDP to Grow 2.4% in 2025

Global Business Magazine June 3, 2025

The International Monetary Fund (IMF) on Monday said that Oman’s economy is set to expand at a faster pace over the Read More

Business Companies GCC

ADGM Reports Robust Growth in Q1 2025

Global Business Magazine June 3, 2025

Abu Dhabi Global Market (ADGM), the international financial centre of the UAE capital, on Tuesday said that it has accomplished another quarter Read More

Business Companies Mergers and Acquisitions Pharmaceuticals World

Sanofi to Acquire Blueprint Medicines for $9.5 Billion

Global Business Magazine June 3, 2025

French drug maker Sanofi has agreed to acquire Blueprint Medicines Corporation (Blueprint), a US-based, publicly traded biopharmaceutical company specialising in systemic mastocytosis (Read More

Business Companies Oil and Gas World

Petronas Ramps Up LNG Production to Meet China’s Demand

Global Business Magazine June 3, 2025

Petroliam Nasional Bhd (Petronas) is accelerating efforts to strengthen its position as a reliable long-term liquefied natural gas (LNG) partner to China Read More

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