Category :Regional

Energy News Oil & Gas Regional

IEA’s Birol again urges OPEC+ to narrow gap between oil targets and output

Global Business Magazine February 16, 2022

The Organization of the Petroleum Exporting Countries (OPEC) and their allies, known as OPEC+, needed to narrow the gap between their oil Read More

Finance News Regional

Most Gulf bourses rise on signs of easing Russia-Ukraine tensions

Global Business Magazine February 16, 2022

Most stock markets in the Gulf ended higher on Tuesday, with the Saudi index leading gains, as investors took confidence from Russia Read More

Business Featured News Regional

UAE Leads MENA Region’s M&A Activity In 2021 with 303 Deals

Global Business Magazine February 16, 2022

The UAE led Middle East and North Africa (MENA) region as far as Merger & Acquisition (M&A) activity was concerned Read More

Business News Regional

ADNOC and Borealis consider IPO for plastics joint venture

Global Business Magazine February 16, 2022

Abu Dhabi National Oil Company (ADNOC) and Austria's Borealis AG are considering a potential initial public offering (IPO) of their joint venture Read More

Business News Regional

UAE’s Tabreed looks at expansion in Egypt, Gulf – CEO

Global Business Magazine February 16, 2022

Dubai-listed National Central Cooling Company PJSC (Tabreed) (TABR.DU) is considering an acquisition in Oman and expanding into Egyptian and other Gulf Read More

Banking Featured Regional World

UAE Banks Likely To Benefit From US Fed’s Interest Rate Hike

Global Business Magazine February 16, 2022

The US Federal Reserve’s statement that the interest rates were likely to be hiked in March has sent ripples among global Read More

Finance Featured News Regional

UAE Bourses Planning More IPOs in 2022

Global Business Magazine February 15, 2022

Adnoc and Austrian chemicals producer Borealis are planning to go for a potential initial public offering (IPO) of a minority stake in Read More

Energy News Regional World

Tighter oil market confirmed by IEA demand revision

Global Business Magazine February 15, 2022

An upward revision in historical oil demand by the International Energy Agency in its monthly report points to a tighter global market Read More

Banking News Regional

Bahrain’s Oil & Gas Holding hires banks to refinance $1.6 bln loan

Global Business Magazine February 15, 2022

Bahrain's Oil & Gas Holding Company has hired Gulf International Bank (GIB) and Mashreq (MASB.DU) to refinance an existing $1.6 billion murabaha facility, Read More

Energy Featured News Regional

UAE Energy Firm Plans Water And Power Projects in Egypt

Global Business Magazine February 15, 2022

The UAE’s energy company AMEA is planning to set up one each water desalination and green hydrogen project in Egypt. AMEA Read More