Category :Economy

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

Economy Featured Finance News Regional

Abu Dhabi Fastest-Growing Economy in MENA Region

Global Business Magazine May 15, 2023

Abu Dhabi’s Gross Domestic Product (GDP) registered a 9.3% growth in 2022, thus making it the fastest growing economy in the Middle East Read More

Economy Featured News Regional

SWS Holding to Take Global Water Industry to High Level

Global Business Magazine May 12, 2023

Abu Dhabi-headquartered Sustainable Water Solutions Holding Company (SWS Holding), which is part of ADQ, an investment and holding company owned by the Read More

Finance Economy Featured News

ADNOC to Offer 15% Stake in Its Maritime Logistics Arm ‘ADNOC L&S’

Global Business Magazine May 11, 2023

ADNOC, the Abu Dhabi state-owned energy company, on Wednesday announced its plans to sell a 15% stake through an Initial Public Offering (IPO), Read More

Economy Featured News World

Southeast Asia’s Aviation Growth will be within Asia and Pacific, says ADB

Global Business Magazine May 8, 2023

Southeast Asian countries should explore potential growth opportunities in its aviation sector in Africa, Europe, North America, and the Middle East, but Read More

Economy Business Featured News Regional

AD Ports Group to Further Expand Khalifa Port

Global Business Magazine May 5, 2023

ABU Dhabi (AD) Ports Group, the leading facilitator of global trade, logistics, and industry on Thursday announced its plans to further expand Read More