Category :Economy

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

Economy Business Featured News Regional

Over 31.86 million Passenger Travel Through UAE Airports in Q1-2023

Global Business Magazine May 3, 2023

The number of passengers through the country’s airports increased by 56.3% during the first quarter of this year compared with the corresponding Read More

Business Economy News

Germany’s Commerz Real to Acquire New Wind Farm in Finland

Global Business Magazine April 20, 2023

Commerz Real, the German firm, has made further progress in expanding the European portfolio of its impact fund Klimavest and has acquired Read More

Banking Breaking News Business Economy Finance Investments Islamic Bank Islamic Bank Islamic Finance News Regional

Dubai Islamic Bank Achieves 47% Growth in Total Income in Q1-2023

Global Business Magazine April 19, 2023

Dubai Islamic Bank (DIB), the UAE’s largest Shariah-compliant bank, on Thursday announced a 47% increase in total income to $1.2 billion for the Read More