Economy - Global Business Magazine

Gold reserves at Venezuelan central bank down to new 50-year low

Global Business Magazine February 16, 2022

The Venezuelan central bank's gold reserves dropped seven tonnes last year to a new 50-year low, according to financial statements published by 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

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

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

Finance News World

CRYPTOVERSE-Bitcoin runs into Russian rules and regiments

Global Business Magazine February 15, 2022

Bristling tensions and looming laws in Europe could offer clues to two questions: Can bitcoin be a safe-haven asset? And can Russia 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

Energy Featured News Regional

Hassyan Power Complex Adds 1,200 MW To Its Production Capacity

Global Business Magazine February 14, 2022

Dubai Electricity and Water Authority (DEWA) has disclosed that the current production capacity of Hassyan Power Complex reached 1,200 megawatts (MW), using the Read More

Business Economy News Regional

UAE, Indonesia say trade deal could be signed next month

Global Business Magazine February 14, 2022

The United Arab Emirates and Indonesia are close to finalising a trade and investment deal after months of negotiations and could sign Read More

Business Economy News Regional

Apollo to invest $1.4 bln in Abu Dhabi developer Aldar

Global Business Magazine February 14, 2022

Apollo Global Management (APO.N) will invest $1.4 billion in Abu Dhabi developer Aldar Properties (ALDAR.AD), including a land joint venture and Read More

Banking News World

Factbox: What global banks forecast for Fed rate hikes in 2022

Global Business Magazine February 14, 2022

Major investment banks have pencilled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on Read More

Tags :Economy