Category :Economy

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

Economy Featured News Regional

Saudi Arabia’s economy to grow around 3.9% from 2022 and 2026, says Moody’s

Global Business Magazine August 3, 2022

Global rating agency Moody’s has projected Saudi Arabia’s economy to grow at an average rate of around 3.9% from 2022 to 2026.Read More

Economy Featured News Regional

MENA power projects to see $250 billion investments between 2021 and 2025

Global Business Magazine August 3, 2022

Strong economic recovery and a drive towards net zero emission target by 2050 is fueling the growth in investment in power projects in Read More

Economy Featured News Regional

Dubai chamber enrolls over 21,000 companies in H1 of 2022

Global Business Magazine August 2, 2022

Dubai Chamber of Commerce has achieved a record growth in new membership in the first half of 2022 as more than 21,000 companies joined Read More

News Economy Featured Regional

Saudi Arabia’s mineral sites could fetch $1.33 trillion if tapped

Global Business Magazine August 1, 2022

Undersecretary of the Saudi Arabia’s Ministry of Industry and Mineral Resources Saleh Al-Aqili said that the Kingdom’s mining strategy aims Read More

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