Kuwait - Global Business Magazine

Saudi Arabia’s Alhokair Plans to Invest $5 Billion in Egypt

Global Business Magazine November 21, 2023

Investments from the GCC countries, particularly from Saudi Arabia, Qatar, Kuwait and the UAE, continue to flow into Egypt to give a Read More

Banking Featured Mergers and Acquisitions News Regional

Al Salam Bank Plans to Acquire Kuwait Finance House-Bahrain

Global Business Magazine November 14, 2023

Bahrain-based Al Salam Bank evincing interest in acquiring the entire shares of Kuwait Finance House, the second largest Islamic bank in the Read More

Banking Featured Finance News Regional

GCC Banks’ Credit Expansion Remains Strong in Q2 of 2023

Global Business Magazine September 5, 2023

Credit expansion in the Gulf Co-operation Council (GCC) banks remained strong during the second quarter of 2023 despite interest rates reaching decades-high levels Read More

Finance Featured News Regional

Saudi PIF-backed ADES Holding to Offer 30% Stake on Saudi Exchange

Global Business Magazine August 29, 2023

In what is touted as one of the biggest Initial Public Offering (IPO) on Saudi exchange’s main market Tadawul, ADES Holding Read More

Real Estate Featured News Regional

Dubai Leads GCC Real Estate transactions in H1-2023

Global Business Magazine August 1, 2023

Real estate sale transactions in the GCC region in the first six months of 2023 reached $90.7 billion, up 9.9% y-o-y from $82.5 billion when compared Read More

Business Featured News Regional

UAE and South Korea Pledge to Push Up Bilateral Investment Plans

Global Business Magazine July 11, 2023

The UAE and South Korea have vowed to make joint efforts to push for their agreed-upon joint projects and investment plans in Read More

Banking Featured Finance News Regional

GCC Banks’ Profits Soar in Q1 of 2023

Global Business Magazine June 15, 2023

Aggregate net profit for listed banks in the GCC reached a new record high during Q1 this year, mainly led by a Read More

Finance Business Featured News Regional

DIFC Continues to Attract Asset and Wealth Management Firms Into Its Fold

Global Business Magazine June 15, 2023

The race between the UAE and Saudi Arabia – the two biggest economic power houses in the Arab world – to attract major wealth Read More

Finance Featured News Regional

UAE’s BNPL Platform Tabby Raise Over $350 Million in Debt Facility

Global Business Magazine June 1, 2023

Tabby, a Dubai-based buy now, pay later (BNPL) platform, has raised more than doubled its debt facility to $350 million.Read More

Economy Finance News Regional

Inflation in GCC Region Likely to Drop in 2023 and 2024

Global Business Magazine May 30, 2023

Several measures initiated by the GCC countries ensured that Inflation remained relatively low in the region in 2022 despite averaging higher than estimates Read More

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