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Dubai outperforms most Gulf bourses; Saudi falls

Global Business Magazine November 15, 2021

Dubai stocks rose sharply in early trade on Monday to their highest since March 2018, supported by upbeat corporate earnings, while the Saudi Read More

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European shares hit new highs, firm dollar dents oil

Global Business Magazine November 12, 2021

European shares chalked up new highs on Friday as shock from unexpectedly strong U.S. inflation data earlier in the week eased, Read More

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AstraZeneca vaccine turns profitable, drugmaker banking on new orders

Global Business Magazine November 12, 2021

AstraZeneca (AZN.L) is counting on new orders to move its COVID-19 vaccine to "modest profitability" after the shot made a small Read More

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Paytm’s $2.5 bln IPO mints new millionaires in India

Global Business Magazine November 12, 2021

Indian electronics engineer Siddharth Pandey will become a millionaire after the country's biggest ever public issue, but he says he had to Read More

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COP26 draft deal treads fine line to spur climate action

Global Business Magazine November 12, 2021

A new draft agreement for the U.N. climate conference in Glasgow on Friday presses countries to be more ambitious in their Read More

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Dollar climbs for a 3rd day as short-end U.S. yields rise

Global Business Magazine November 12, 2021

The dollar tiptoed higher for a 3rd consecutive day on Friday since a surprisingly strong U.S. inflation print shocked markets and Read More

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Green investors say transportation pledges hinge on tech advances

Global Business Magazine November 11, 2021

Environmentally minded investors praised carbon-cutting pledges by major transportation companies and governments announced at the U.N. climate summit on Wednesday but Read More

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Abu Dhabi’s new secular family law steps up Gulf talent competition

Global Business Magazine November 11, 2021

Legal reforms in Abu Dhabi designed to enhance the emirate's appeal to foreigners will allow for non-Muslim judges, birth certificates for children Read More

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OPEC says high prices to dampen pace of oil demand recovery

Global Business Magazine November 11, 2021

OPEC on Thursday cut its world oil demand forecast for the last quarter of 2021 as high energy prices curb the economic recovery Read More

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Walkers Crisps is experiencing a snack shortage

Global Business Magazine November 11, 2021

After UK consumers faced a shortage of milk, fuel, and toilet paper now, it’s Walkers Crisps that are missing from the Read More