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UAE Ranked Second Globally in Attracting Greenfield FDI Projects in 2023

Global Business Magazine March 14, 2024

The UAE ranked second globally in the number of greenfield FDI projects in 2023, with 1280 projects, trailing only behind the US, which led Read More

Business Featured News Regional

Indian Businesses Setting Operations in Jafza Increase by 15% in 2023

Global Business Magazine March 13, 2024

Jebel Ali Free Zone (Jafza) is emerging as the powerhouse driving the unprecedented growth of the UAE-India trade, with a 28% year-on-year surge Read More

Business

Aramco Ventures Invests in CarbonCapture

Global Business Magazine March 13, 2024

CarbonCapture Inc, a leading US-based direct air capture (DAC) company, today announced the successful completion of its $80 million Series A financing following Read More

Finance Featured News Regional

Money Transfer from UAE to Egypt Surges, says Al Ansari Exchange

Global Business Magazine March 13, 2024

Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE, and a subsidiary of Al Ansari Financial Services Group, Read More

Finance Featured News Regional

Retail Investors Flock to subscribe to Modern Mills Company IPO

Global Business Magazine March 13, 2024

The Initial Public Offering of Saudi-based Modern Mills Company (MMC) saw strong demand from retail investors with a 22x oversubscription rate, the Read More

Banking Featured Mergers and Acquisitions News Regional

Al Salam Bank Bahrain Increases its Shareholding in Al Salam Bank Algeria to 66.7%

Global Business Magazine March 13, 2024

AL Salam Bank (ASB) Bahrain on Tuesday announced that it has increased its shareholding in Al Salam Bank Algeria (ASBA) from 53.1% to 66.7% Read More

Economy Featured News Regional

GCC IPO Market to Remain Strong in 2024, Says Fitch Rating

Global Business Magazine March 13, 2024

The GCC governments’ plans for privatisation is all set to help the Initial Public Offerings (IPOs) momentum remain strong throughout 2024, global rating Read More

Finance Featured News Regional

MENA Start-Ups Contribute Second Highest Regional Deal Value in 2023

Global Business Magazine March 13, 2024

Start-ups in the Middle East & North Africa (MENA) region contributed to the second-highest regional deal value on record in 2023, according to a Read More

Economy Energy Featured News Regional

Barring UAE and Saudi Arabia, Growth Hits Other Countries in GCC Region in 2024

Global Business Magazine March 12, 2024

Facing a slowdown in 2024 owing to oil production cuts, the GCC growth forecast has been revised down to 2.7% from 3.9% three months ago, Read More

Economy Featured News Regional

India Sign Agreement with Four Members of European Free Trade Association

Global Business Magazine March 12, 2024

Four member states of the European Free Trade Association (EFTA) – Iceland, Norway, Liechtenstein, and Switzerland – have signed a Trade and Economic Partnership Read More

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