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World indices fall ahead of US Central Bank meeting

Global Business Magazine December 15, 2021

Global shares fell on Tuesday and the U.S. dollar rose again as investors held their breath ahead of the update on Read More

Business Economy News World

EXCLUSIVE Brazil’s Petrobras higher price demands delay refineries sales- sources

Global Business Magazine December 15, 2021

Brazil's state-controlled oil company Petrobras (PETR4.SA) has raised prices at least once in the middle of the divestiture process of its Read More

Business Economy News World

EXCLUSIVE EnCap merges two Permian oil producers in about $4 bln deal -sources

Global Business Magazine December 14, 2021

EnCap Investments LP has combined two of its portfolio companies in the Permian basin, creating an oil producer worth more than $4 billion Read More

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Dubai’s Global Ventures close to raising $100 mln target for second fund

Global Business Magazine December 14, 2021

Dubai-based Global Ventures is close to meeting a $100 million target for its new fund after attracting investments from Abu Dhabi and Saudi Read More

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Inflation in the United States is on the rise!

Global Business Magazine December 14, 2021

Consumer prices in the United States surged to a new high last month, the highest in nearly 40 years. According to Labor Department Read More

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Saudi bourse outperforms Gulf peers in early trade

Global Business Magazine December 13, 2021

Stock markets in the Gulf were mixed in early trade on Monday, with the Saudi index outperforming the region as oil prices Read More

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Stablecoins steal the limelight from subdued bitcoin

Global Business Magazine December 13, 2021

As bitcoin, the world's largest cryptocurrency, struggles to recover after a massive crash, regulatory and private sector focus has turned to another Read More