Category :Economy

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

Economy Featured News Regional

Saudi and UAE Lead MENA in Awarding Contracts in 2023

Global Business Magazine January 11, 2024

Contractors in the Middle East and North Africa (MENA) region have secured more than $254 billion of contract awards in 2023 in a record-breaking Read More

Economy Business Featured News World

Hong Kong airport Raise Over $500 million in First Local-Currency Bond Offering

Global Business Magazine January 9, 2024

The Airport Authority Hong Kong (AAHK) has announced that it has successfully priced a $512 million senior notes offering (the Notes) in Regulation Read More

Economy Featured News Regional

Assets of GCC SWFs Reach $4.1 Trillion by end of 2023

Global Business Magazine January 5, 2024

The assets under managements (AuM) of the five sovereign wealth funds (SWFs) in the GCC countries - ADIA, Mubadala, ADQ in the Read More

Economy Featured Finance News Regional

ADGM Witnesses 14 Leading Financial Institutions Opening Offices in Abu Dhabi

Global Business Magazine December 12, 2023

Cementing its position as one of the leading financial centres in the world, Abu Dhabi Global Market (ADGM), has announced that 14 major Read More

Economy Featured News Regional

Africa’s Trade Set to Reach $952 Billion by 2035, Says Report

Global Business Magazine December 6, 2023

As globalisation continues to power cross-border trade, exports from Africa, currently $645.3 billion, are set to reach $952 billion by 2035, with connections across South Read More