Category :Business

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

Business News World

Morning Bid: Peak inflation? We can only hope

Global Business Magazine February 2, 2022

The European Central Bank's plan to start tiptoeing away from monetary stimulus may be put to the test with Wednesday's flash inflation Read More

Business News Oil & Gas World

Saudi Aramco buys 7.4% stake in Norwegian software firm Cognite

Global Business Magazine February 2, 2022

Saudi Aramco (2222.SE) has bought a 7.4% stake in Norwegian industrial software group Cognite from oil firm Aker BP (AKRBP.OL), Cognite said Read More

Business Economy Oil & Gas World

Oil climbs toward 7-year highs on U.S. stock draw, eyes on OPEC+ move

Global Business Magazine February 2, 2022

Oil prices climbed on Wednesday toward last week's seven-year highs as a draw in U.S. crude stocks confirmed strong demand and Read More

Business News World

Tesco is eliminating night-time restocking, threatening 1,600 employment

Global Business Magazine February 1, 2022

The intentions come just one day after the supermarket announced the closing of its Jack’s bargain outlets. It claimed that refilling Read More

Business Economy News

Germany, Denmark seek more ambition from EU on green aviation fuel

Global Business Magazine February 1, 2022

European Union plans to require the aviation sector to use more sustainable fuels are not ambitious enough and the EU should let Read More

Business Economy News World

Euro zone growth slowed in Q4 as Omicron COVID wave hit

Global Business Magazine January 31, 2022

The Omicron wave of COVID-19 infections slowed euro zone economic growth in the final quarter of 2021 compared to the previous three months Read More

Business Economy News World

UK businesses scale back pay plans despite higher inflation – Lloyds

Global Business Magazine January 31, 2022

British businesses are scaling back plans for pay rises and hiring, but almost half intend to increase the prices they charge customers Read More

Business Economy News Oil & Gas World

Oil forward curves signal tight market, supporting price rally

Global Business Magazine January 31, 2022

The risk of geopolitical disruption to oil supply at a time of already tight inventories due to the strong post-pandemic recovery has Read More