Economy - Global Business Magazine

GCC central banks follow US FED, raise interest rates

Global Business Magazine August 23, 2022

The US Federal Reserve hiked interest rates by 75bp to 2.5% bringing the upper bound of the Fed Funds rate to what the Read More

Finance Featured News Regional

UAE positioned as the fifth-most Crypto-ready country in 2022

Global Business Magazine August 23, 2022

The UAE is ranked fifth in the world as the crypto-ready country in the world in 2022. The top slot is occupied by Read More

Finance Featured News Regional

GCC’s financial wealth to reach $3.5 trillion by 2026, says BCG Report

Global Business Magazine August 23, 2022

The Gulf Cooperation Council (GCC) financial wealth will experience a sturdy Compound Annual Growth Rate (CAGR) of 5.2% in new wealth, rising from $2.7 Read More

Finance Featured News Regional

Egypt’s Central Bank keep interest rates unchanged

Global Business Magazine August 22, 2022

The Monetary Policy Committee (MPC) of Egypt has decided to keep the Central Bank of Egypt’s (CBE) interest rates unchanged for Read More

Economy Featured News Regional

Middle East to gain $1.3 trillion from additional oil revenues in the next four years

Global Business Magazine August 22, 2022

Middle Eastern states are to land a $1.3 trillion windfall from extra oil revenues over the next four years, according to the International Read More

Economy Featured News Regional

CBUAE imposes $1.3 million fine on exchange house for breaching anti-money laundering laws

Global Business Magazine August 22, 2022

The Central Bank of the UAE (CBUAE) has imposed a penalty of $1.3 million on an exchange house operating in the country as Read More

Finance Featured News Regional

Abu Dhabi fund for development supporting developmental activities around the World

Global Business Magazine August 22, 2022

Ever since its inception five decades ago, the state-owned Abu Dhabi Fund for Development (ADFD) has allocated funds to the tune of $32 Read More

Business Featured News Regional

ADNOC to acquire Zakher Marine International

Global Business Magazine August 18, 2022

ADNOC Logistics and Services, the integrated marine shipping and logistics arm of the Abu Dhabi National Oil Company (ADNOC), on Tuesday said Read More

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Gemological Institute of America to move to DMCC in Dubai

Global Business Magazine August 18, 2022

DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – on Tuesday announced that the Read More

Energy Featured News Regional

DEWA outlines expansion Plans Until 2031

Global Business Magazine August 18, 2022

The state-owned Dubai Electricity and Water Authority (DEWA) has outlined expansion plans for the energy and water infrastructure based on demand forecasts Read More

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