Category :Business

Business News Regional

ADQ-backed Abu Dhabi’s AD Ports raises $1 billion before market debut

Global Business Magazine February 7, 2022

Abu Dhabi's AD Ports Group, owned by sovereign wealth fund ADQ, said it raised 4 billion dirhams ($1.1 billion) in proceeds from its primary Read More

Business News Regional

Uber’s Mideast business Careem looking to fill over 200 jobs, LinkedIn post says

Global Business Magazine February 7, 2022

Uber's (UBER.N) Middle East business Careem said on Monday it was looking to fill more than 200 roles in the company, according Read More

Business News Regional

DP World posts 9.4% rise in 2021 container volumes

Global Business Magazine February 7, 2022

Ports giant DP World on Monday reported a 9.4% rise in 2021 container volumes, though growth rates moderated in the fourth quarter which the Read More

Business Featured

Dubai’s Leisure Industry Regain Momentum As 7.28 Million Tourists Arrive In 2021

Global Business Magazine February 4, 2022

Leisure industry staged a comeback in Dubai thanks to the proactive measures taken by the government in 2021.Read More

Business Economy Featured

Gold sales soar in UAE During 2021

Global Business Magazine February 3, 2022

The precious yellow metal has not lost its sheen as people’s appetite for gold remained insatiable if its sales in 20221 are Read More

Business COVID-19 News World

Euro zone business growth lost more momentum in Jan as Omicron hit demand

Global Business Magazine February 3, 2022

Euro zone economic growth lost more momentum in January as the bloc's dominant services industry suffered from subdued demand amid tighter restrictions Read More

Business Economy News Oil & Gas

Oil prices take a breather, OPEC+ sticks to output plans

Global Business Magazine February 3, 2022

Oil prices eased on Thursday following weak U.S. payrolls data and some profit-taking, but remained underpinned by tight supply as OPEC+ Read More

Business Economy News Oil & Gas Regional

Saudi non-oil private sector January growth slows amid Omicron surge – PMI

Global Business Magazine February 3, 2022

Growth in Saudi Arabia's non-oil private economy slipped again in January, falling to its slowest expansion rate since September amid a sharp Read More

Business News Oil & Gas Regional

UAE non-oil private sector growth slows in January as COVID restricts demand – PMI

Global Business Magazine February 3, 2022

The United Arab Emirates' non-oil private sector growth fell in January to its slowest in six months despite notching a 14th straight Read More

Business Economy Featured Oil & Gas Regional

UAE’s Economy Forecast To Grow at 4.2% On Higher Demand For Oil In 2022

Global Business Magazine February 2, 2022

It has been a bag of mixed fortunes for the two main bourses in the UAE for the month of January 2022. The Read More