Category :Economy

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 2023

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 2023

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

Technology Business Economy Featured Mergers and Acquisitions News Regional

Network International partners with SerVme to boost UAE F & B sector’s digital payments platforms

Global Business Magazine July 25, 2023

Dubai-based Network International, the leading enabler of digital commerce in the Middle East and Africa (MEA), has announced that it has partnered Read More

Economy Business News Regional

Saudi Arabia Plans to 38 More Logistics Zones by 2030

Global Business Magazine July 18, 2023

Saudi Arabia’s logistics sector is all set to reach new heights as the Kingdom has announced establishing 59 logistics zones in the Read More

Economy Airlines Featured News Regional

Dubai International Airport Ranked First Among 10 Busiest Internationally

Global Business Magazine July 11, 2023

Dubai international airport has been ranked first among the top 10 busiest international airports for June 2023, according to the UK-based Official Airline Guide (Read More

Finance Economy Featured News Regional

World Bank’s IFC to Help Egypt in Asset Monetisation Programme

Global Business Magazine June 28, 2023

The Egyptian government has appointed World’s Bank’s International Finance Corporation (IFC) as strategic advisor for its assets monetisation programme to Read More

Economy Featured Finance News Regional

Dubai Emerging as ‘Global Destination’ for Entrepreneurs in MENA, Says Report

Global Business Magazine June 28, 2023

Dubai is home to over 40% of the Middle East and North Africa (MENA) region’s scale-ups, with 306 among them calling the Emirate Read More

Economy Featured News Regional

Abu Dhabi’s GDP Grew by 3.9% in Q1 of 2023

Global Business Magazine June 26, 2023

Supported by strong performance in non-oil activities, Abu Dhabi’s Gross Domestic Product (GDP) grew by 3.9% in the first three months of Read More