Category :Economy

Economy Featured Regional

Abu Dhabi Ports to Get Listed on ADX Next Week

Global Business Magazine February 4, 2022

Abu Dhabi Ports Group, one of the major companies owned by state-owned Sovereign Wealth Fund ADQ, will get listed on Abu Dhabi Read More

Energy Economy Featured Oil & Gas

Dubai’s Hassyan Coal-fired Power Plant To Convert To natural Gas Based Project

Global Business Magazine February 3, 2022

Moving further ahead to realise Dubai’s carbon neutrality strategy 2050, the Dubai Electricity and Water Authority (DEWA) decided to convert the 2,400 MW Read More

Business Economy Featured

Gold sales soar in UAE During 2021

Global Business Magazine February 3, 2022

The precious yellow metal has not lost its sheen as people’s appetite for gold remained insatiable if its sales in 20221 are Read More

Business Economy News Oil & Gas

Oil prices take a breather, OPEC+ sticks to output plans

Global Business Magazine February 3, 2022

Oil prices eased on Thursday following weak U.S. payrolls data and some profit-taking, but remained underpinned by tight supply as OPEC+ Read More

Business Economy News Oil & Gas Regional

Saudi non-oil private sector January growth slows amid Omicron surge – PMI

Global Business Magazine February 3, 2022

Growth in Saudi Arabia's non-oil private economy slipped again in January, falling to its slowest expansion rate since September amid a sharp Read More

Economy COVID-19 Featured

Dubai Achieves Rapid Economic Acceleration In The First Nine Months Of 2021

Global Business Magazine February 2, 2022

A substantial economic upswing in the second and third quarters enabled Dubai to achieve rapid economic acceleration in the first nine months Read More

Business Economy Featured Oil & Gas Regional

UAE’s Economy Forecast To Grow at 4.2% On Higher Demand For Oil In 2022

Global Business Magazine February 2, 2022

It has been a bag of mixed fortunes for the two main bourses in the UAE for the month of January 2022. The Read More

Finance Economy News Regional

Major Gulf bourses gain in early trade

Global Business Magazine February 2, 2022

Major stock markets in the Gulf rose in early trade on Wednesday, boosted by rising oil prices, with the Dubai index on Read More

Business Economy Oil & Gas World

Oil climbs toward 7-year highs on U.S. stock draw, eyes on OPEC+ move

Global Business Magazine February 2, 2022

Oil prices climbed on Wednesday toward last week's seven-year highs as a draw in U.S. crude stocks confirmed strong demand and Read More

Finance Economy News World

Latam stocks outshine the world in January, Brazil in focus

Global Business Magazine February 2, 2022

Latin American stocks outperformed their peers and the developed world in January and some regional currencies are among the strongest against the Read More