Category :Economy

Economy Environment Featured Infrastructure News Regional

Safe Waterway Usage Increases in Abu Dhabi in H1-2023

Global Business Magazine September 13, 2023

Abu Dhabi Maritime, part of AD Ports Group, has announced a 62% reduction in marine incidents in the first half of 2023 compared with Read More

Business Economy Infrastructure News

Orascom Bags $1.4 Billion Alexandria Metro Rail Project in Egypt

Global Business Magazine September 11, 2023

The Cairo-based Orascom Construction, has announced that its consortium with Colas Rail has signed an Engineering, Procurement and Construction (EPC) contract with Read More

Economy Featured Finance News Regional

China’s Economic Slow-Down Impacts HNWIs

Global Business Magazine September 8, 2023

The slow-down in economic growth has impacted the High Net-Worth Individuals (HNWIs) in China and the value of their investable assets grew Read More

Economy Banking Featured News Regional

Saudi, UAE Expert Delegations to Visit Hong Kong

Global Business Magazine September 5, 2023

The Hong Kong Monetary Authority (HKMA) and the local banking sector will explore collaboration with their counterparts in the UAE and Saudi Read More

Economy Featured News Regional

Hong Kong Woos UAE Investors to Launch Businesses Locally

Global Business Magazine August 18, 2023

InvestHK, the Hong Kong government's investment promotion agency, on Thursday said that Hong Kong is aiming to attract investments from Middle Eastern Read More

Economy Featured News Regional

Economic Cooperation a Bright Spot in UAE-Vietnam Relations

Global Business Magazine August 2, 2023

Economic cooperation has always been a crucial pillar and bright spot in the bilateral TIES between Vietnam and the UAE, Vietnamese Ambassador Read More

Banking Economy Featured News Regional

Saudi Arabia’s PIF to Invest $5 Billion in Oman

Global Business Magazine July 31, 2023

The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has signed a Memorandum of Understanding (MoU) with the Oman Investment Read More

Economy Business Featured News Regional

UAE Issues 9,200 Licences for e-Commerce Businesses in H1 of

Global Business Magazine July 28, 2023

Like in other countries across the world, the UAE’s e-commerce industry witnessed a splendid growth during COVID-19 pandemic and sustained the Read More

Economy Featured Mergers and Acquisitions News Regional

Saudi PIF Backs Takeover of UK’s Selfridges for $5.13 Billion

Global Business Magazine July 27, 2023

Saudi Arabia SWF – Public Investment Fund (PIF) - has emerged as the private financial backer of the $5.13 billion takeover of Selfridges as Read More

Economy Featured News Regional

Revenues of UAE Stood at $31.47 billion in Q1 of

Global Business Magazine July 26, 2023

The UAE government’s revenues in the first quarter of 2023 stood at $31.47 billion, while expenditures totalled $25.18 billion, the Ministry of Finance said Read More