Economy Featured News Regional

Over 25,000 new licences issued in Abu Dhabi in 2021, says report

Global Business Magazine April 12, 2022

Abu Dhabi has witnessed the issuance of 25,427 new licenses, an increase of 21.5% compared with 20,925 licences issued in 2021, a report published by the Read More

Business Featured News Regional

Travel industry analysts have named the UAE as the most recovered country in 2022

Global Business Magazine April 11, 2022

Tourism is an important sector of the world’s economy and is still coping with the damages caused by COVID-19. Tourism has Read More

Business Featured News Regional

Celia Aesthetic CEO believes Dubai is the market leader in aesthetic science and innovation

Global Business Magazine April 11, 2022

The beauty business in the UAE is becoming more consumer-friendly, with customers demanding organic and ethically sourced cosmetics, thereby driving the market Read More

Finance Featured News Regional

Egypt’s first Sovereign Sukuk to make debut in H2 of 2022

Global Business Magazine April 11, 2022

Egypt, which is planning to issue first sovereign sukuk totaling around $2 billion in the second half of this year, is putting in Read More

Banking Featured News Regional

Net Profits of GCC Banks Register 40% Growth in 2021

Global Business Magazine April 11, 2022

The total net profits of the GCC banks soared to reach $35 billion, recording a growth of 40% in 2021 compared with $25 billion in 2020.Read More

Finance Featured News Regional

FDIs into UAE increase by 3.9% in 2021

Global Business Magazine April 11, 2022

The Foreign Direct Investment (FDI) into the UAE stood at $20.7 billion registering a growth of 3.9% in 2021 compared with the previous year. With Read More

Economy Featured News Regional

US$2 trillion in 2021was spent worldwide, set to hit US$ 2.8 trillion by 2025

Global Business Magazine April 11, 2022

Worldwide consumer spending in global Islamic Economy sectors was recovered to US$2 trillion in 2021 which was spent across the food, pharmaceutical, and Read More

Finance Featured News Regional

GCC markets likely to attract $1 billion as Russia is removed from MSCI index

Global Business Magazine April 8, 2022

The exclusion of Russia from MSCI’s Emerging Market Index is expected to attract additional passive flows to the tune of $1 billion Read More

Business Featured News Regional

UAE needs $671 billion for transition to climate neutrality

Global Business Magazine April 8, 2022

The UAE needs at least $671 billion for transition to climate neutrality, and it is well positioned to benefit from the main economic Read More

Business Featured News Regional

Abu Dhabi’s non-oil real GDP expands by 4.1% in 2021

Global Business Magazine April 8, 2022

Abu Dhabi's non-oil real GDP registered a growth of 4.1% in 2021, according to the Statistics Centre of Abu Dhabi (SCAD) data.Read More

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