Category :Economy

Economy Featured News Regional

GCC Top Export and Re-Export Market for Dubai Chamber of Commerce members in 2023

Global Business Magazine March 6, 2024

Dubai Chamber of Commerce (DCC), one of the three chambers operating under the umbrella of Dubai Chambers, on Tuesday said that the Read More

Economy Featured News Regional

Parkin Hopes to Raise Around $430 Million Through Its IPO on DFM

Global Business Magazine March 6, 2024

Parkin, the Dubai parking spaces operator, on Tuesday set a price range of $0.54 to $0.57 per share for its IPO, for which subscription Read More

Economy Featured News Regional

Saudi Government Issues 450 Licences to Global Firms So Far

Global Business Magazine March 4, 2024

Saudi Arabia has granted licenses to 450 international companies to open regional headquarters in the Kingdom, an increase from 44 licenses in the first Read More

Environment agriculture Blogs Technology

Innovative Strategies for Reducing Food Waste Through Technology

Global Business Magazine March 2, 2024

Introduction Food waste is a global issue with significant environmental, economic, and social implications. According to the United Nations Food and Agriculture Read More

Economy Energy Featured News Regional

Aramco Finds New Gas Reserves in Jafurah Field

Global Business Magazine February 29, 2024

Saudi Aramco, the Saudi Arabia’s state-owned oil major, has made a ground breaking discovery in its onshore unconventional Jafurah Field, adding 15 Read More

Economy Featured Mergers and Acquisitions News Regional

Egypt M&A Activity Decline by 53% in 2023, Says Baker McKenzie

Global Business Magazine February 22, 2024

Egypt’s merger and acquisitions (M&A) in the second half of 2023 witnessed a 32% increase in deal volume to 79 deals compared with 60 Read More

Economy Featured News Regional

Air Arabia Posts Net Profit of $410 Million in 2023

Global Business Magazine February 15, 2024

Riding on the growing demand for air travel, Sharjah’s Air Arabia, the first and largest low-cost carrier (LCC) operator in the Read More

Economy Featured News World

Global CAPEX in Oil and Gas Sector to Cross $600 Billion in Year

Global Business Magazine January 24, 2024

The global capital expenditures (CAPEX) in the oil and gas sector is expected to reach $606.6 billion in 2024, indicating a growth of 0.5% y-o-y, Read More

Economy Featured News Regional

Dubai Announce $1.5 Billion Housing Plan for Its Nationals

Global Business Magazine January 18, 2024

Initiating the first social welfare programme of 2024, Dubai has announced plans to allocate 3,500 plots of land and 2,300 ready-to-move houses valued at $1.5 billion Read More

Energy Economy Featured News Regional

DEWA commissions 1,414 distribution substations of 11 kV in 2023

Global Business Magazine January 16, 2024

Dubai Electricity and Water Authority (DEWA) has commissioned 1,414 distribution substations of 11KV capacity across Dubai in 2023, DEWA MD and CEO Saeed Mohammed Read More