Category :Economy

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

Economy Energy Featured News World

Southeast Asian Economies Looking at LNG to Meet Their Energy demand

Global Business Magazine November 10, 2023

Southeast Asian economies, which rely heavily on coal and fossil fuels to meet its energy demand, will be looking at natural gas Read More

Economy Featured News Regional

Saudi Citizens on Savings Spree, Highest in Nearly a Decade

Global Business Magazine November 2, 2023

Saudi Arabian Monetary Authority (SAMA), the Kingdom’s Central Bank said that the Saudi citizens exhibited a remarkable surge in their savings Read More

Economy Aviation Featured News Regional

GACA Announce New Economic Policy to Transform Saudi Aviation Sector

Global Business Magazine November 2, 2023

In a move to attract investment, boost competitiveness, increase transparency, Saudi Arabia’s General Civil Aviation Authority (GACA) has reached another milestone Read More

Economy Breaking News Featured News Regional Sports

Saudi Arabia Certain to Host 2034 FIFA World Cup

Global Business Magazine November 1, 2023

Saudi Arabia has almost confirmed its position to host the 2034 FIFA World Cup in the Kingdom as Football Australia, the only contestant, Read More