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Steep decline in GCC issuances in 2022

Global Business Magazine July 14, 2022

Total fixed income issuances in the GCC stood at $37.2 billion during the first five months of 2022 as compared with $61.9 billion during the Read More

Business Featured News Regional

Dubai international airport second busiest in the world in June

Global Business Magazine July 14, 2022

Dubai International Airport (DXB) was ranked second after London Heathrow as the world’s busiest international airport by seats in June, according Read More

Business Featured News Regional

Saudi Aramco announces expansion of its industrial investment programs

Global Business Magazine July 14, 2022

The Saudi Arabian Oil Company Aramco has announced a major expansion of its Namaat industrial investment programs, with 55 agreements and Memoranda of Read More

Technology Featured News Regional

E-commerce websites in UAE expected to double by 2026

Global Business Magazine July 14, 2022

The number of UAE-based e-commerce sites are expected to double from the present 50,000 over the next three to four years, Haider Nizam, Read More

Finance Featured News Regional

DGCX trades contracts worth $11.6 billion in June

Global Business Magazine July 14, 2022

The Dubai Gold and Commodities Exchange registered a monthly Average Open Interest (AOI) of 120,960 contracts and notional value traded of $11.6 billion in Read More

Finance Featured News Regional

Crypto culture catching up with Saudis rapidly

Global Business Magazine July 14, 2022

Crypto fever is catching up in Saudi Arabia of late and the Kingdom is poised to become of the significant market for Read More

Finance Featured News Regional

Oman Investment Authority earns 10.3% in annual returns from 40 Countries

Global Business Magazine July 14, 2022

The average annual returns from the investments made in 40 countries was more than 10% till December 2021, the state-backed Oman Investment Authority (OIA) said Read More

Economy Featured News Regional

UAE start-ups raise 86% of funds raised in MENA in June

Global Business Magazine July 14, 2022

Start-ups in the Middle East and North Africa region (MENA) raised $323.7 million across 66 deals in June 2022, an 84% increase in value and 57% in Read More

Business Featured News Regional

ADNOC draws up plans to woo foreign investments

Global Business Magazine July 13, 2022

The UAE's Abu Dhabi National Oil Company (ADNOC) wants to continue wooing foreign investments and striking strategic partnerships as the national oil Read More

Business Featured News Regional

DP World’s Imperial acquires major stake in Africa FMCG Distribution Ltd

Global Business Magazine July 13, 2022

Imperial, owned by DP World, on Tuesday announced the strategic acquisition of a controlling stake in Africa FMCG Distribution Ltd (AFMCG). The Read More

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