Corona Virus - Global Business Magazine

Dubai hotels’ profits seven times higher than in 2019

Global Business Magazine July 12, 2022

Among key hotel markets in the Middle East, Dubai’s gross operating profit per available room (GOPPAR) came in seven times higher Read More

Economy Featured News Regional

UAE launches new FDI initiative to attract 300 best companies

Global Business Magazine July 12, 2022

The UAE on Wednesday launched the second generation of foreign direct investment initiative (FDI) to attract 300 best companies specialized in future sectors Read More

Economy Featured News Regional

Saudi Arabia’s tourism to gain fastest growth in the Middle East

Global Business Magazine July 8, 2022

The UK-based World Travel & Tourism Council (WTTC) has said the Travel & Tourism sector in Saudi Arabia is expected to grow at an Read More

Business Featured News Regional

dnata joins hands with Banyan Tree Group to expand its operations in Thailand and Maldives

Global Business Magazine July 8, 2022

As part of its expansion plans, dnata Representation Services, which is part of the dnata Travel Group, is growing its partnership with Read More

Finance Featured News Regional

Saudi Arabia has highest gold reserves in the Arab world

Global Business Magazine July 7, 2022

The yellow metal has not lost its sheen in the Middle East as region’s countries are scurrying to improve their gold Read More

Economy Featured News Regional

Middle East economy poised for growth this year, says ICAEW

Global Business Magazine July 7, 2022

The latest Economic Insight report for the Middle East, commissioned by ICAEW and compiled by Oxford Economics, has revealed a positive regional Read More

Real Estate Featured News Regional

Dubai’s real estate sector registers impressive growth in H1 of 2022

Global Business Magazine July 6, 2022

Real estate sales in Dubai during the first half of 2022 amounted to $31.17 billion, the value of 42,971 sales transactions, according to data on Read More

Energy Featured News Regional

Global LNG demand set for slow growth in coming years

Global Business Magazine July 6, 2022

High prices and supply disruptions following Russia’s invasion of Ukraine lead to downward revision and cast doubt on natural gas’ prospects Read More

Economy Featured News Regional World

The World Bank has warned that the global economy could face stagflation

Global Business Magazine July 5, 2022

The World Bank and the Organization for Economic Cooperation and Development (OECD) both slashed their estimates for economic growth, citing the ongoing Read More

Finance Featured News Regional

UAE-based fintech firm raises $41 million in new funding round

Global Business Magazine July 4, 2022

The UAE-based financial technology start-up and digital banking app YAP on Monday said it has raised $41 million. The company will utilise the Read More

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