Category :News

Energy Featured News Regional

DEWA commissions 17 new substations in 2022

Global Business Magazine January 30, 2023

Dubai Electricity and Water Authority (DEWA) has inaugurated 17 new substations in 2022, Saeed Mohammed Al Tayer, MD & CEO of DEWA, said on Sunday.Read More

Business Featured News Regional

DMCC and BSAF sign MoU to boost agri commodities trade with South Asia

Global Business Magazine January 23, 2023

Dubai Multi Commodities Centre (DMCC), the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – and Read More

Finance Featured News Regional

Sukuk issuance volumes to decline in 2023, says S&P

Global Business Magazine January 23, 2023

S&P Global Ratings expects sukuk issuance volumes will continue to decline in 2023, albeit at a slower pace than 2022.Read More

Economy Featured News Regional

UAE’s banking sector poised to grow further in 2023

Global Business Magazine January 9, 2023

Posting recovery from the ill-effects of COVID-19 by achieving a growth rate of 7% in 2022, the UAE’s banking sector is preparing itself Read More

Banking Featured News Regional

UAE’s new commercial transaction law helps Islamic Banking sector

Global Business Magazine January 9, 2023

The UAE Banks Federation, said that the Commercial Transactions Law issued by the government, constituted a quantum leap for Islamic financial and Read More

Energy Featured News Regional

ADNOC allocates $15 billion to low carbon solutions

Global Business Magazine January 6, 2023

ADNOC, a reliable and responsible provider of lower-carbon intensity energy, on Thursday announced a bold new strategy to progress the world-scale decarbonization Read More

Economy Featured News Regional

Merchandise trade value of Arab countries increase to $1.85 trillion in 2021

Global Business Magazine January 5, 2023

The Arab Monetary Fund (AMF) has said that the total merchandise trade volume of the Arab countries has increased to $1.848 trillion in 2021, Read More

Business Featured News Regional

Dubai duty free annual sales reach $1.74 billion in 2022

Global Business Magazine January 4, 2023

Dubai Duty Free ushered in the new year by announcing annual sales of $1.74 billion in 2022, representing a 78% increase over the previous year.Read More

Economy Featured News Regional

New shipping service to connect Jubail commercial port to 11 global ports

Global Business Magazine January 4, 2023

The Saudi Ports Authority (Mawani) has announced the addition of Jubail Commercial Port to India to East Med shipping service by MSC (Read More

Business Featured News Regional

Saudi Arabia’s PIF takes controlling stake in US tech start-up Magic Leap

Global Business Magazine January 3, 2023

Saudi Arabia has taken a controlling stake in Magic Leap Inc., the once-highflying start-up in the increasingly hot field of making augmented-reality Read More