Category :Regional

Business News Oil & Gas Regional

UAE non-oil private sector growth slows in January as COVID restricts demand – PMI

Global Business Magazine February 3, 2022

The United Arab Emirates' non-oil private sector growth fell in January to its slowest in six months despite notching a 14th straight Read More

Business Economy Featured Oil & Gas Regional

UAE’s Economy Forecast To Grow at 4.2% On Higher Demand For Oil In 2022

Global Business Magazine February 2, 2022

It has been a bag of mixed fortunes for the two main bourses in the UAE for the month of January 2022. The Read More

Finance Economy News Regional

Major Gulf bourses gain in early trade

Global Business Magazine February 2, 2022

Major stock markets in the Gulf rose in early trade on Wednesday, boosted by rising oil prices, with the Dubai index on Read More

Economy News Regional

UAE to launch first federal corporate tax on business profits from June 2023

Global Business Magazine January 31, 2022

The United Arab Emirates (UAE) on Monday said it would introduce a federal corporate tax on business profits for the first time Read More

Business News Oil & Gas Regional

EXCLUSIVE Qatar could reroute some gas to Europe with U.S. mediation – source

Global Business Magazine January 27, 2022

Qatar will need help from the United States to persuade Doha's natural gas buyers to reroute some supplies to Europe in case Read More

Regional COVID-19 News Omicron

UAE to lift entry, transit ban on passengers from 12 African countries

Global Business Magazine January 27, 2022

The United Arab Emirates will lift an entry and transit ban on on Saturday on travellers who had recently visited South Africa, Read More

Banking COVID-19 News Regional

UAE’s biggest lender FAB posts record profit but shares fall

Global Business Magazine January 27, 2022

First Abu Dhabi Bank (FAB.AD), the United Arab Emirates' biggest lender, posted a record net profit in 2021, fuelled by the country's Read More

Economy Featured Regional

UAE Start-Ups Bag Over 50% Investments Made In MENA Region In 2021

Global Business Magazine January 27, 2022

Start-Ups in the Middle East and North Africa (MENA) raised $2.8 billion in funding in 639 deals in 2021. Of them, the share of the Read More

Economy Featured Regional

Malaysian Timber Council Eyes Middle East, Africa and South Asia Markets As Economies Re-open

Global Business Magazine January 27, 2022

After being in a limbo for nearly two years, the Malaysian Timber Council (MTC) is focussing on new business opportunities in Middle Read More

Regional News World

UAE foreign ministry condemns Houthi attack, vows it will not go unpunished

Global Business Magazine January 27, 2022

A strike hit a fuel depot in Abu Dhabi, killing three people and six were injured, causing a fire near its international Read More