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Category :Regional

The UAE’s real GDP is expected to grow at a faster rate of 5.4 % in 2022, according to the

Global Business Magazine June 1, 2022

On Monday, the United Arab Emirates’ central bank said in its annual report that the UAE’s real GDP grew by 3.8 percent Read More

Economy Featured News Regional

UAE, Israel sign second comprehensive Economic partnership agreement

Global Business Magazine June 1, 2022

The UAE-Israel Comprehensive Economic Partnership Agreement (UAE-Israel Cepa), which was signed on Tuesday, is expected to push bilateral trade to more than $10 Read More

Banking Featured News Regional

GCC banks have handled cyber threat “effectively”

Global Business Magazine May 24, 2022

Banks in the Gulf Cooperation Council (GCC) are managing their exposure to potential cyber-attacks "effectively" by investing in digital security, according to Read More

Business Featured News Regional

Manrre Logistics Fund invests strategically in Jafza, bringing its portfolio to $71.3 million

Global Business Magazine May 24, 2022

Manrre Logistics Fund, a private Dubai-based investment firm, announced two strategic investments in Jebel Ali Free Zone (Jafza), DP World's leading trade Read More

Energy News Regional World

Abu Dhabi’s Borouge secures cornerstone investors including India’s Adani family

Global Business Magazine May 23, 2022

Abu Dhabi-headquartered petrochemicals firm Borouge said on Monday it secured seven cornerstone investors, including India's wealthy Adani family for its $2 billion initial Read More

Finance Featured News Regional

How will the UAE Central Bank’s interest rate rise affect residents?

Global Business Magazine May 20, 2022

The Central Bank of the UAE is the country's most important financial organisation, as it regulates the currency and has the authority Read More

Finance Featured News Regional

Dubai was ranked first in the world for attracting FDI projects in 2021

Global Business Magazine May 20, 2022

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, Read More

Finance Featured News Regional

Egypt to list 10 state-owned companies in local stock exchange

Global Business Magazine May 20, 2022

Egyptian Prime Minister Mostafa Madbouly has announced that the government will offer 10 state-affiliated companies — including two companies affiliated with the Armed Forces — Read More

Business Featured News Regional

Saudi Aramco eclipses Apple as most valuable company in the World

Global Business Magazine May 20, 2022

Supported by surging oil prices amid the war in Ukraine, Saudi Aramco has toppled Apple as the most valuable company globally as Read More

Business Featured News Regional

Khalid bin Ali Al Ruwaigh has been named Chief Executive Officer of APICORP

Global Business Magazine May 17, 2022

On May 16, 2022, the Arab Petroleum Investments Corporation (APICORP), a multilateral financial institution established in 1975 by the ten Arab oil exporting countries, announced Read More