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Bitcoin Cross $30,000 Barrier for First Time Since June 2022

Global Business Magazine April 11, 2023

INTRO: Bitcoin (BTC) moved past the $30,000 level for the first time since 10 June 2022 as last month’s turmoil in banking sector subsided Read More

Economy Featured News

Australia’s lower house adopts emissions reduction bill

Global Business Magazine March 28, 2023

Australia’s Lower House of Parliament on Monday passed an emissions reduction plan with curbs on some new gas and coal investments Read More

Business Featured News Regional

ADNOC signs MoU with North Rhine-Westphalia to create low-carbon ammonia value chain

Global Business Magazine March 28, 2023

ADNOC on Monday that it will explore opportunities to support the climate-neutral transformation of industry through the creation of a low-carbon ammonia Read More

Business Featured News Regional

Microsoft inks deal on carbon removal credit with CarbonCapture

Global Business Magazine March 28, 2023

Technology giant Microsoft signed a deal with California-based CarbonCapture to purchase direct air capture (DAC) carbon removal credits last week.Read More

Economy Featured News Regional

Saudi Arabia allocates $80 billion for drinking water projects in the Kingdom

Global Business Magazine March 28, 2023

Saudi Arabia’s Deputy Minister Abdulaziz Al-Shaibani said that the Kingdom has allocated a budget of more than $80 billion to implement hundreds Read More

Business Featured News Regional

BlackRock to acquire stake in Kenya’s 310 MW wind farm

Global Business Magazine March 27, 2023

One of the funds overseen by US-based multinational investment company BlackRock is acquiring a stake in a 310 MW wind farm in Kenya, Read More

Finance Featured News Regional

Presight AI listed on Abu Dhabi securities exchange

Global Business Magazine March 27, 2023

Presight AI Holding PLC, the region’s leader in big data analytics powered by artificial intelligence (AI), on Monday listed and commenced Read More

Banking Featured News Regional

CBUAE launches central bank digital currency strategy

Global Business Magazine March 24, 2023

The Central Bank of UAE (CBUAE) on Thursday jointly held a signing ceremony with G42 Cloud and R3 to mark the implementation Read More

Economy Featured News Regional

Dubai’s economy remains resilient despite global headwinds

Global Business Magazine March 20, 2023

Dubai's economy achieved a strong performance during 2022 as many sectors registered stupendous growth, and all sectoral indicators confirmed that the Emirate’s Read More

Energy Featured News Regional

Sembcorp bags first greenfield renewables project in the Middle East

Global Business Magazine March 20, 2023

Sembcorp Industries (Sembcorp), through an 80%-owned joint venture to be set up by its wholly owned subsidiary Sembcorp Utilities with Jinko Power Read More