Category :Economy

Economy Featured News Regional

GCC benefits due to Russia-Ukraine conflict

Global Business Magazine June 6, 2022

The Russian invasion of Ukraine has opened new trade opportunities and partnerships for the GCC countries with the European Union (EU) and Read More

Economy Featured News Regional

55 % increase in membership in April 2022

Global Business Magazine June 2, 2022

Dubai Chamber of Commerce, a non-profit public organization, disclosed that its membership was boosted by 55.4% in April 2022, meanwhile, member exports and re-exports Read More

Economy Featured News Regional

The UAE’s real GDP is expected to grow at a faster rate of 5.4 % in 2022, according to the

Global Business Magazine June 1, 2022

On Monday, the United Arab Emirates’ central bank said in its annual report that the UAE’s real GDP grew by 3.8 percent Read More

Economy Featured News Regional

UAE, Israel sign second comprehensive Economic partnership agreement

Global Business Magazine June 1, 2022

The UAE-Israel Comprehensive Economic Partnership Agreement (UAE-Israel Cepa), which was signed on Tuesday, is expected to push bilateral trade to more than $10 Read More

Economy News World

Back to snow: World Economic Forum reverts to January for 2023

Global Business Magazine May 26, 2022

The World Economic Forum will revert to January for its 2023 annual meeting in the Swiss ski resort of Davos after moving to Read More

Economy News World

World Bank’s Malpass says war in Ukraine may trigger global recession

Global Business Magazine May 26, 2022

World Bank President David Malpass on Wednesday suggested that Russia's war in Ukraine and its impact on food and energy prices, as Read More

Economy Featured News Regional

The UAE’s new president is to take the country’s economy to another level!

Global Business Magazine May 16, 2022

On Saturday, the rulers of the emirates announced that they unanimously appointed Sheikh Mohammed bin Zayed Al Nahyan as the next president Read More

Economy Featured News

Saudi Arabia approves six tourism projects valued around $400 million

Global Business Magazine May 12, 2022

Saudi Arabia is keen to develop its tourism and its Tourism Development Fund approved six strategic tourism projects worth $400 million in the Read More

Economy Featured News Regional

For the first time, Abu Dhabi National Energy Company hosted the World Utilities Congress

Global Business Magazine May 10, 2022

On Monday, the first edition of the World Utilities Congress took place, hosted by Abu Dhabi National Energy Company (TAQA). It was Read More

Economy Featured News Regional

Dubai ranked first globally for attracting FDI projects in 2021

Global Business Magazine May 9, 2022

Dubai has achieved the distinction of being ranked first globally as far as attracting foreign direct investment (FDI) in 2021. Dubai gained two Read More