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Global Business Magazine

UAE Central Bank rates are increased followed by U.S Federal Reserve

Banking Business Featured Finance

UAE Central Bank rates are increased followed by U.S Federal Reserve

Global Business Magazine March 24, 2022

The Central Bank of the UAE (CBUAE) has decided to raise interest rates by a quarter percentage point, effective from Thursday,17 March 2022. Read More

UAE’s power sector burns less hydrocarbons in meeting power demand in 2021

Energy Featured Finance News

UAE’s power sector burns less hydrocarbons in meeting power demand in 2021

Global Business Magazine March 24, 2022

Marching ahead to meet its goal of net zero emissions by 2050, the UAE’s power sector has burnt less hydrocarbons to meet Read More

Some 19 IPOs are expected on Saudi bourse Tadawul by end of March

Business Featured News World

Some 19 IPOs are expected on Saudi bourse Tadawul by end of March

Global Business Magazine March 24, 2022

Saudi Arabia’s Stock Exchange (Tadawul) is to witness as many as 19 Initial Public Offerings (IPOs) by various companies by end of Read More

LME says it has no current plans to ban Russian metal from its system

Business Finance News

LME says it has no current plans to ban Russian metal from its system

Global Business Magazine March 23, 2022

The London Metal Exchange has no current plans to ban from its system metal from Russian producers, such as nickel and copper Read More

Credit Agricole suspends services in Russia as banks retreat

Finance Business Regional

Credit Agricole suspends services in Russia as banks retreat

Global Business Magazine March 23, 2022

France's Credit Agricole (CAGR.PA) said on Tuesday it had suspended all services in Russia, joining a retreat by other international banks Read More

Oil rises in volatile trade amid CPC pipeline disruption

Energy Business Finance World

Oil rises in volatile trade amid CPC pipeline disruption

Global Business Magazine March 23, 2022

Oil prices rose in volatile trading on Wednesday, supported by disruption of Russian and Kazakh crude exports via the CPC pipeline.Read More

Business Finance News World

Explainer: Can companies leaving Russia recoup losses through insurance?

Global Business Magazine March 23, 2022

March 23 (Reuters) – Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy Read More

Thailand to ban use of digital assets as payments from April – SEC

Technology Finance News Regional

Thailand to ban use of digital assets as payments from April – SEC

Global Business Magazine March 23, 2022

Thailand has issued rules to ban digital assets from being used to pay for goods and services from April 1, the market regulator Read More

Euroclear joins bank-backed blockchain payment system

Banking News World

Euroclear joins bank-backed blockchain payment system

Global Business Magazine March 21, 2022

Securities settlement house Euroclear said on Monday it had joined a consortium of banks building a payment system for tokenised assets in Read More

Trade volume between Qatar and Germany jumps 76% in 2021

Business Featured News Regional

Trade volume between Qatar and Germany jumps 76% in 2021

Global Business Magazine March 21, 2022

The trade volume between Qatar and Germany has crossed $3 billion in 2021, a surge of 76% compared with $1.7 billion the previous year. This growth Read More

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