Economy - Global Business Magazine

GCC steps up Oil and Gas output even as World looks at zero net emissions

Global Business Magazine November 10, 2022

Hydrocarbons-rich Middle East countries attending the UN Climate Change Conference in Egypt want to steer the narrative on energy security and transition Read More

Business Featured News Regional

Another 10GW wind farm project to come Up in Egypt

Global Business Magazine November 9, 2022

UAE President His Highness Sheikh Mohamed Bin Zayed Al Nahyan and Egyptian President Abdel Fattah El Sisi on Tuesday witnessed the signing Read More

Finance Featured News Regional

UAE signs agreement with nine Insurance companies for unemployment insurance scheme

Global Business Magazine November 3, 2022

The UAE Ministry of Human Resources and Emiratisation (MoHRE) on Wednesday signed an agreement with nine local insurance companies, to launch the Read More

Business Featured News Regional

UAE and Netherlands discuss cooperation in energy sector

Global Business Magazine November 3, 2022

As a follow-up to the MoU signed in March this year, the UAE Ministry of Energy and Infrastructure held a meeting with Read More

Real Estate Featured News Regional

Saudi’s hospitality sector continues to recover in Q3 of 2022

Global Business Magazine November 3, 2022

The hospitality markets in both Riyadh and Jeddah continue to recover, albeit the type of guests that each has been attracting has Read More

Banking Featured News Regional

GCC Banks hike interest rates in line with US FED

Global Business Magazine November 3, 2022

In line with the US FED’s decision to hike the interest rates, the Central Banks in the UAE, Saudi and Bahrain Read More

Finance Featured News Regional

Aramco’s income increase 39% YoY to $42.4 billion in Q3 of 2022

Global Business Magazine November 2, 2022

Saudi oil giant Saudi Aramco on Tuesday announced the third quarter financial results ending in September 2022 wherein the company’s income rose 39% Read More

Energy Featured News Regional

Saudi’s ACWA Power to set up 10GW wind farm in Egypt

Global Business Magazine November 2, 2022

Saudi Arabia’s renewable energy developer ACWA Power will build a 10-GW wind farm in Egypt. Currently, Egypt’s largest wind farm Read More

Banking Featured News Regional

Central Bank of UAE completes CBDC transactions with other regulators

Global Business Magazine October 31, 2022

The Central Bank of the United Arab Emirates (CBUAE) announced that it has completed bridge, the world's largest pilot of central bank Read More

Energy Featured News Regional

DEWA commissions 389 11KV substations in Q3 of 2022

Global Business Magazine October 31, 2022

Dubai Electricity and Water Authority (DEWA) has commissioned 389 11kV substations in Dubai in the third quarter of 2022. This is part of the Read More

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