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Category :Economy

Emiratis spent $21.8 billion on Travel and Tourism in 2021

Global Business Magazine August 29, 2022

Data published by the UN World Tourism Organization (UNWTO) showed that the residents of the UAE spent about $ 21.8 billion on travel and Read More

Economy Featured News Regional

Middle East to gain $1.3 trillion from additional oil revenues in the next four years

Global Business Magazine August 22, 2022

Middle Eastern states are to land a $1.3 trillion windfall from extra oil revenues over the next four years, according to the International Read More

Economy Featured News Regional

CBUAE imposes $1.3 million fine on exchange house for breaching anti-money laundering laws

Global Business Magazine August 22, 2022

The Central Bank of the UAE (CBUAE) has imposed a penalty of $1.3 million on an exchange house operating in the country as Read More

Economy Featured News Regional

22 new policies are adopted by the council to quicken the shift to a circular economy

Global Business Magazine August 12, 2022

The UAE has approved 22 policies intended for at stimulating the country's transition to a circular economy, as part of its force toward Read More

Economy Featured News Regional

UAE’s GDP growth to exceed 5% in 2022

Global Business Magazine August 8, 2022

UAE Minister of Economy Abdullah bin Touq Al Marri announced that the GDP growth estimates for 2022 exceed 5%, stressing that foreign trade has Read More

Economy Featured News Regional

Saudi Arabia and UAE lead in GCC project awards in Q2-2022

Global Business Magazine August 4, 2022

GCC project awards improved during the second quarter of the year despite global economic challenges that was caused by supply chain problems Read More