Category :Featured

Economy Featured News Regional

Air Arabia Posts Net Profit of $410 Million in 2023

Global Business Magazine February 15, 2024

Riding on the growing demand for air travel, Sharjah’s Air Arabia, the first and largest low-cost carrier (LCC) operator in the Read More

Real Estate Featured News World

Hong Kong Court Rules Liquidation of China’s Evergrande Group

Global Business Magazine January 30, 2024

In a big blow to the China’s real estate sector, a Hong Kong court on Monday ordered the troubled China Evergrande Read More

Business Energy Featured News Oil & Gas Regional

Alujain Sells Minority Stake in Its Subsidiary NATPET for $500 Million

Global Business Magazine January 24, 2024

Saudi Arabia’s Alujain Corp. has announced signing of an agreement to sell a minority stake of its subsidiary National Petrochemical Industrial Read More

Economy Featured News World

Global CAPEX in Oil and Gas Sector to Cross $600 Billion in Year

Global Business Magazine January 24, 2024

The global capital expenditures (CAPEX) in the oil and gas sector is expected to reach $606.6 billion in 2024, indicating a growth of 0.5% y-o-y, Read More

Finance Crypto Featured News World

Bitcoin Mining Consume 154.9 billion kWh Globally in 2023

Global Business Magazine January 23, 2024

It may sound incredible but the total power consumed in mining Bitcoin around the globe was put at 154.9 billion kilowatt-hours (kWh) in 2023, Read More

Technology Business Energy Environment Featured News World

UK’s Trojan Energy Secures Over $32 Million in Latest Funding Round

Global Business Magazine January 23, 2024

As part of its growth plans to roll out thousands of electric vehicles charging points, Trojan Energy, the Aberdeen-based electric vehicle (EV) Read More

Business Featured News Regional

Saudi Arabia Selects Preferred Bidder for Exploration of Jabal Sahabiyah Region

Global Business Magazine January 23, 2024

A joint venture of Royal Road Minerals Limited and MSB Holdings Limited have been awarded the preferred bidder status in a competitive Read More

Technology Featured News World

Amazon Web Services to Invest Over $15 Billion in Japan

Global Business Magazine January 22, 2024

Amazon Web Services (AWS) on Friday announced plans to invest $15.2 billion into its existing cloud infrastructure in Tokyo and Osaka by 2027 to Read More

Finance Featured News Regional

OKX Middle East Secures VASP Licence from Dubai’s VARA

Global Business Magazine January 19, 2024

OKX Middle East Fintech FZE, the Dubai subsidiary of OKX, a leading cryptocurrency exchange and Web3 technology company, on Tuesday said that Read More

Business Aviation Featured News Regional

Global Passenger Aircraft Deliveries to be Over $100 Billion in 2024

Global Business Magazine January 19, 2024

Asian airlines, led by China, will lead the way in the annual passenger aircraft deliveries across the world which are set to Read More