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Tags :Economy

UAE says Q1 to see oil supply surplus, current shortage not unexpected

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UAE says Q1 to see oil supply surplus, current shortage not unexpected

Global Business Magazine November 15, 2021

UAE Energy Minister Suhail al-Mazrouei said on Monday that all indications point to an oil supply surplus in the first quarter of 2022 Read More

Dubai outperforms most Gulf bourses; Saudi falls

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Dubai outperforms most Gulf bourses; Saudi falls

Global Business Magazine November 15, 2021

Dubai stocks rose sharply in early trade on Monday to their highest since March 2018, supported by upbeat corporate earnings, while the Saudi Read More

European shares hit new highs, firm dollar dents oil

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European shares hit new highs, firm dollar dents oil

Global Business Magazine November 12, 2021

European shares chalked up new highs on Friday as shock from unexpectedly strong U.S. inflation data earlier in the week eased, Read More

AstraZeneca vaccine turns profitable, drugmaker banking on new orders

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AstraZeneca vaccine turns profitable, drugmaker banking on new orders

Global Business Magazine November 12, 2021

AstraZeneca (AZN.L) is counting on new orders to move its COVID-19 vaccine to "modest profitability" after the shot made a small Read More

Paytm’s $2.5 bln IPO mints new millionaires in India

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Paytm’s $2.5 bln IPO mints new millionaires in India

Global Business Magazine November 12, 2021

Indian electronics engineer Siddharth Pandey will become a millionaire after the country's biggest ever public issue, but he says he had to Read More

COP26 draft deal treads fine line to spur climate action

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COP26 draft deal treads fine line to spur climate action

Global Business Magazine November 12, 2021

A new draft agreement for the U.N. climate conference in Glasgow on Friday presses countries to be more ambitious in their Read More

Dollar climbs for a 3rd day as short-end U.S. yields rise

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Dollar climbs for a 3rd day as short-end U.S. yields rise

Global Business Magazine November 12, 2021

The dollar tiptoed higher for a 3rd consecutive day on Friday since a surprisingly strong U.S. inflation print shocked markets and Read More

Green investors say transportation pledges hinge on tech advances

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Green investors say transportation pledges hinge on tech advances

Global Business Magazine November 11, 2021

Environmentally minded investors praised carbon-cutting pledges by major transportation companies and governments announced at the U.N. climate summit on Wednesday but Read More

Abu Dhabi’s new secular family law steps up Gulf talent competition

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Abu Dhabi’s new secular family law steps up Gulf talent competition

Global Business Magazine November 11, 2021

Legal reforms in Abu Dhabi designed to enhance the emirate's appeal to foreigners will allow for non-Muslim judges, birth certificates for children Read More

OPEC says high prices to dampen pace of oil demand recovery

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OPEC says high prices to dampen pace of oil demand recovery

Global Business Magazine November 11, 2021

OPEC on Thursday cut its world oil demand forecast for the last quarter of 2021 as high energy prices curb the economic recovery Read More

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