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Banking Featured News Regional

UAE banks have adequate and surplus liquidity, says IMF

Global Business Magazine July 25, 2022

The International Monetary Fund (IMF) said that the UAE banks enjoy an abundant surplus of liquidity.Read More

Finance Featured News Regional

OKX receives provisional licence to operate in Dubai

Global Business Magazine July 22, 2022

OKX, formerly known as OKEx, has secured a provisional virtual assets licence to operate in Dubai. The Seychelles-based cryptocurrency exchange has obtained Read More

Energy Featured News Regional

Qatar exported over 70% of LNG globally in 2021

Global Business Magazine July 22, 2022

The International Gas Union (IGU) has said that Qatar accounted for a lion's share of 28.2 million tonnes out of 37.1 million tonnes of Read More

Business Featured News Regional

Agthia Group to acquire majority stake in Egypt’s Abu Auf Holdings

Global Business Magazine July 22, 2022

The spate of acquisitions of Egyptian businesses by their counterparts in the UAE continues unabated.Read More

Business Featured News Regional

Nexon Star and Snowbell Restaurant sign deal to use Artificial Intelligence in UAE restaurants

Global Business Magazine July 22, 2022

The Seoul-based Nexon Star and the UAE’s Snowbell Restaurant Management Co. have signed an agreement to start using Nexon Star’s Read More

Finance Featured News Regional

UAE largest Insurance market in the Arab World, says Swiss Re survey

Global Business Magazine July 22, 2022

The UAE is ranked first in the Arab region as the largest insurance market in terms of total insurance premiums, which was Read More

Business Featured News Regional

DEWA to invest around $11 billion in next five years

Global Business Magazine July 21, 2022

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), on Wednesday announced that DEWA has plans to invest ($10.89 Read More

Economy Featured News Regional

According to central bank estimates, the economy grew 8.2% in the first quarter

Global Business Magazine July 21, 2022

On Wednesday, a state news agency said the UAE central bank's quarterly report revealed that total real GDP increased by 8.2% annually in Read More

Finance Featured News Regional

World Bank okays $500 million loan to Egypt to fight food crisis

Global Business Magazine July 20, 2022

The World Bank has approved a $500 million loan to bolster Egypt’s efforts to ensure that poor and vulnerable households have uninterrupted Read More

Technology Featured News Regional

UAE’s Swvl all set to acquire Mexico-based Urbvan Mobility Ltd

Global Business Magazine July 20, 2022

Travel tech firm Swvl Holdings Corp, a global provider of transformative tech-enabled mass transit solutions, announced a definitive agreement to acquire Mexico-based Read More

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