Category :Economy

Economy Featured News Regional

High global energy prices to boost GCC economies

Global Business Magazine July 29, 2022

The economies of the six-member Gulf Cooperation Council (GCC), have been experiencing an upturn since the second quarter of 2021, owing in part Read More

Economy Featured News Regional

Dubai ranked first globally in attracting FDI into tourism in 2021

Global Business Magazine July 29, 2022

Dubai retained its top rank worldwide for attracting foreign direct investment (FDI) into tourism in 2021.Read More

Economy Featured News Regional

IsDB endorses $10.54 billion package for Food security

Global Business Magazine July 29, 2022

The Islamic Development Bank (IsDB) Group on Thursday endorsed a $10.54 billion comprehensive Food Security Response Program (FSRP) package that will support member Read More

Economy Featured News Regional

According to central bank estimates, the economy grew 8.2% in the first quarter

Global Business Magazine July 21, 2022

On Wednesday, a state news agency said the UAE central bank's quarterly report revealed that total real GDP increased by 8.2% annually in Read More

Economy Featured News Regional

Dubai’s non-oil economy maintains robust growth in June

Global Business Magazine July 20, 2022

The Dubai non-oil economy maintained a robust speed of expansion in June, according to PMI survey data from S&P Global, as Read More

Economy Featured News Regional

Saudi Arabia exploring new regions to promote its International Economic Cooperation

Global Business Magazine July 19, 2022

Saudi Arabia is leaving no stone unturned in its efforts to move away from its dependence on the oil revenues and the Read More

Economy Featured News Regional

UAE economy achieves remarkable growth in H1 of 2022

Global Business Magazine July 18, 2022

The UAE economy has achieved remarkable growth in many economic sectors during the first half of 2022, most notably in the tourism and Read More

Economy Featured News Regional

In the first quarter of this year, Dubai’s GDP increased by 59 %!

Global Business Magazine July 15, 2022

The emirate's GDP increased 5.9% to AED 102 billion ($27.8 billion) in Q1 2022, according to Sheikh Hamdan bin Mohammed bin Rashid Al 0, Crown Prince and Read More

Economy Featured News Regional

UAE start-ups raise 86% of funds raised in MENA in June

Global Business Magazine July 14, 2022

Start-ups in the Middle East and North Africa region (MENA) raised $323.7 million across 66 deals in June 2022, an 84% increase in value and 57% in Read More

Economy Featured News Regional

Dubai hotels’ profits seven times higher than in 2019

Global Business Magazine July 12, 2022

Among key hotel markets in the Middle East, Dubai’s gross operating profit per available room (GOPPAR) came in seven times higher Read More