Category :Economy

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

Economy Featured News Regional

Saudi Arabia to become $1 trillion Economy in 2022

Global Business Magazine May 5, 2022

The Saudi Arabia economy is all set to exceed $1 trillion in 2022 for the first time in its history, according to International Monetary Read More

Economy Featured News Regional

Officials insist Abu Dhabi’s economy is thriving

Global Business Magazine May 5, 2022

According to authorities with the Abu Dhabi Department of Economic Development (ADDED), the city-state has made a spectacular economic recovery following the Read More

Economy Featured News Regional

Jafza breaks ground on new logistics park

Global Business Magazine May 5, 2022

Work on the first phase of Jafza Logistics Park in Jebel Ali Free Zone (JAFZA), the DP World’s trade and logistics Read More

Economy Featured News Regional

The visa reforms are expected to benefit FDI and the economy!

Global Business Magazine May 3, 2022

On Monday 18 April the UAE announced an expansion to its visa and residency system. The Cabinet approved regulations for UAE long-term visas Read More

Economy Featured News Regional

GCC countries help Egypt in recovery of its Economy

Global Business Magazine April 29, 2022

The GCC countries including Qatar have extended all support to Egypt whose economy was impacted by COVID-19 in the last two years Read More

Economy Featured News Regional

Russia-Ukraine war impacts GCC economies, says IMF

Global Business Magazine April 26, 2022

The ongoing Russia-Ukraine conflict has taken a toll on growth of economies of the GCC countries, according to the International Monetary Fund (Read More

Economy Featured News Regional

ADNEC contributes $250 million to Abu Dhabi’s Economy in 2021

Global Business Magazine April 26, 2022

Abu Dhabi National Exhibitions Company (ADNEC) group, a subsidiary of the Abu Dhabi-based Holding Company ADQ, has directly and indirectly contributed $250 million Read More