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Finance Environment Featured News Regional

Climate Finance is Grossly Inadequate in Developing Countries, says UAE Minister

Global Business Magazine July 3, 2023

Sultan Al Jaber, the UAE’s Minister of Industry and Advanced Technology and COP28 President-Designate expressed concern over the availability of climate Read More

Energy Business Featured News Oil & Gas Regional

ADNOC Awards $700 million EPC Project to Petrofac

Global Business Magazine July 3, 2023

Petrofac, the UK-based leading international service provider to the energy industry, on Friday announced that it has been selected by the Abu Read More

Energy Business Featured News Regional

ADNOC Gas Awards $1.34 Billion in Contracts for New Natural Gas Pipeline

Global Business Magazine July 3, 2023

ADNOC Gas, the world-class integrated gas processing company, on Monday announced that it has awarded contracts valued $1.34 billion to Petrofac Emirates LLC Read More

Finance Economy Featured News Regional

World Bank’s IFC to Help Egypt in Asset Monetisation Programme

Global Business Magazine June 28, 2023

The Egyptian government has appointed World’s Bank’s International Finance Corporation (IFC) as strategic advisor for its assets monetisation programme to Read More

Environment Energy Featured News Regional

Jordan Gets $250 Million World Bank Loan to Improve its Water Services

Global Business Magazine June 28, 2023

In a big relief to the parched regions of Jordan, the World Bank has agreed to provide $250 million in financing to the Read More

Economy Featured Finance News Regional

Dubai Emerging as ‘Global Destination’ for Entrepreneurs in MENA, Says Report

Global Business Magazine June 28, 2023

Dubai is home to over 40% of the Middle East and North Africa (MENA) region’s scale-ups, with 306 among them calling the Emirate Read More

Economy Featured News Regional

Abu Dhabi’s GDP Grew by 3.9% in Q1 of 2023

Global Business Magazine June 26, 2023

Supported by strong performance in non-oil activities, Abu Dhabi’s Gross Domestic Product (GDP) grew by 3.9% in the first three months of Read More

Business Featured News Regional

TAQA Set to Expand Portfolio with Acquisition of SWS Holding

Global Business Magazine June 22, 2023

Abu Dhabi National Energy Company PJSC (TAQA), an international energy and water company operating in 11 countries across four continents, said that it Read More

Real Estate Featured News Regional

Emaar Properties Launch $20 Billion Waterfront Luxury Lifestyle destination Project

Global Business Magazine June 15, 2023

In one of the biggest projects, Dubai-based Emaar Properties has announced the launch of its $20-billion waterfront luxury lifestyle destination, “The Oasis 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