Category :Economy

Economy Business Featured News Regional

UAE Ranked First in Middle East and Africa for Migration of Millionaires in 2023

Global Business Magazine June 14, 2023

The UAE is the top destination in the Middle East and ranked second globally after Australia, for migration of millionaires, the real-time Read More

Economy Business Featured News Regional

UAE’s SWFs to Offer Financial Support to War-Torn Ukraine

Global Business Magazine June 13, 2023

Abu Dhabi Investment Authority (ADIA) and ADQ, two State-owned investors of the UAE, are not only known for the business acumen but Read More

Economy Featured News Regional

Dubai Chamber of Commerce Enrol 15,366 New Companies in Q1-2023

Global Business Magazine June 6, 2023

Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, on Monday announced that 15,366 new companies have registered with Read More

Economy Featured News Regional

DWTC’s Economic Output is $3.54 Billion by Holding 63 Mega Events in 2022

Global Business Magazine May 31, 2023

The total economic output of Dubai World trade Centre (DWTC) across 63 large-scale events was $3.54 billion, of which a substantive $2.01 billion was retained Read More

Economy Featured News Regional

Dubai Tops the List of Cities Benefited by Global Tourism Revenues in 2022

Global Business Magazine May 30, 2023

As many as four cities in the GCC region figure in the list of top 10 cities across the world which benefited from Read More

Economy Finance News Regional

Inflation in GCC Region Likely to Drop in 2023 and 2024

Global Business Magazine May 30, 2023

Several measures initiated by the GCC countries ensured that Inflation remained relatively low in the region in 2022 despite averaging higher than estimates Read More

Economy Business Featured News

Egyptian Government Sells 9.5% Stake in Telecom Egypt

Global Business Magazine May 16, 2023

As part its economic reforms aimed at attracting private investors, the Egyptian government announced the selling of 9.5% stake (162.2 million shares) of state-owned Read More

Economy Featured News Regional

GCC Award Contracts Worth $29.9 Billion in Q1 of 2023

Global Business Magazine May 16, 2023

Putting behind the global economic turmoil and growing inflation, the GCC countries have awarded projects worth $29.9 billion in the first three months Read More

Energy Economy Featured News Regional

Global Oil Industry Needs Investments of $12.1 Trillion by 2045, says OPEC

Global Business Magazine May 15, 2023

Haitham Al Ghais, Secretary General of OPEC, on Sunday said that populations and economies were growing, and the world needs more energy Read More

Economy Featured News Regional

Abu Dhabi Executive Council Approves Latest Housing Benefits Policy

Global Business Magazine May 15, 2023

The Abu Dhabi Executive Council on Friday approved the latest housing benefits policy, including the updated eligibility criteria to further empower Emirati Read More