Category :Regional

Business Featured News Regional

DEWA to invest around $11 billion in next five years

Global Business Magazine July 21, 2022

Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), on Wednesday announced that DEWA has plans to invest ($10.89 Read More

Economy Featured News Regional

According to central bank estimates, the economy grew 8.2% in the first quarter

Global Business Magazine July 21, 2022

On Wednesday, a state news agency said the UAE central bank's quarterly report revealed that total real GDP increased by 8.2% annually in Read More

Finance Featured News Regional

World Bank okays $500 million loan to Egypt to fight food crisis

Global Business Magazine July 20, 2022

The World Bank has approved a $500 million loan to bolster Egypt’s efforts to ensure that poor and vulnerable households have uninterrupted Read More

Technology Featured News Regional

UAE’s Swvl all set to acquire Mexico-based Urbvan Mobility Ltd

Global Business Magazine July 20, 2022

Travel tech firm Swvl Holdings Corp, a global provider of transformative tech-enabled mass transit solutions, announced a definitive agreement to acquire Mexico-based Read More

Finance Featured News Regional

Dispute resolution cases increase by 10% in DIFC in H1 of 2022

Global Business Magazine July 20, 2022

The Dubai International Financial Centre (DIFC) Courts on Tuesday released figures for the first six months of 2022, reaffirming increased efficiency of process Read More

Energy Featured News Regional

Dubai’s energy demand increase by 6.3% in H1 of 2022

Global Business Magazine July 20, 2022

The energy demand in Dubai in H1 of 2022 hs increased by 6.3% compared with the corresponding period in 2021, Saeed Mohammed Al Tayer, MD&Read More

Technology Featured News Regional

BIOS excels in rigorous evaluation to attain recognition from the tech industry’s most powerful program for cloud security assurance

Global Business Magazine July 20, 2022

BIOS Middle East (BIOS), the GCC’s local cloud and managed services provider, has achieved the Cloud Security Alliance (CSA) Security Trust Read More

Business Featured News Regional

Egypt to launch low cost airline ‘Air Sphinx’ in 2022-23

Global Business Magazine July 20, 2022

Egypt has announced the launching of its first-ever low cost airline carrier “Air Sphinx,” which is scheduled to begin operations in the Read More

Energy Featured News Regional

Mubadala Petroleum-backed exploration finds huge gas reserves in Indonesia

Global Business Magazine July 20, 2022

A 390-foot gas column find has been confirmed at the Timpan-1 exploration well 150 kilometers offshore North Sumatra in Indonesia. These findings are ‘Read More

Economy Featured News Regional

Dubai’s non-oil economy maintains robust growth in June

Global Business Magazine July 20, 2022

The Dubai non-oil economy maintained a robust speed of expansion in June, according to PMI survey data from S&P Global, as Read More